(1) Subject to subsections (2) and (3), Chapter V of Part I of the Finance Act, 1987, is hereby amended, as respects a sum of money which is paid on or after the 23rd day of January, 1996, by the substitution for section 35 of the following section -
(1) In this section:
‘allowable investor company’ means, in relation to a qualifying company, a company which is not connected with the qualifying company;
‘authorised officer’ means an officer of the Revenue Commissioners authorised by them in writing for the purposes of this section;
‘film’ means a film which is produced -
(a) on a commercial basis with a view to the realisation of profit, and
(b) wholly or principally for exhibition to the public in cinemas or by way of television broadcasting,
but does not include a film made for exhibition as an advertising programme or as a commercial;
‘the Minister’ means the Minister for Arts, Culture and the Gaeltacht;
‘qualifying company’ means a company which -