(1) In this section "non-commercial state-sponsored body" means a body specified in the Second Schedule.
(2) For the purposes of this section the Minister for Finance may by order amend the Second Schedule by the addition thereto of any body or the deletion therefrom of any body standing specified.
(3) Where an order is proposed to be made under subsection (2), a draft thereof shall be laid before Dáil Éireann and the order shall not be made until a resolution approving of the draft has been passed by Dáil Éireann.
(4) Notwithstanding any provision of the Tax Acts other than the provisions (apart from section 35(1)(c)) of Chapter IV of Part I of the Finance Act, 1986, income arising to a non-commercial state-sponsored body -
(a) which income would, but for this section, have been chargeable to tax under Case III, Case IV or Case V of Schedule D,
(b) from the date that such body was incorporated under the Companies Acts, 1963 to 1990, or was established by or under any othe