(1) In this section -
"greyhound bitches" means female greyhounds registered in the Irish Greyhound Stud Book or in any other greyhound stud book recognised for the purposes of the Irish Greyhound Stud Book;
"stud greyhound" means a male greyhound registered as a sire for stud purposes in the Irish Greyhound Stud Book or in any other greyhound stud book recognised for the purposes of the Irish Greyhound Stud Book.
(a) As respects income tax for the year 1996-97 and subsequent years of assessment, and
(b) as respects corporation tax for an accounting period ending on or after the 6th day of April, 1996,
the profits or gains arising -
(i) to the owner of a stud greyhound which is ordinarily kept in the State from the sale of services of greyhound bitches within the State by the stud greyhound or to the part-owner of such a stud greyhound from the sale of such services or of rights to such services, or
(ii) to the part-owner of a stud greyhound which is ordinarily kept outside th