(1) This section shall apply to an employment grant made under -
(a) section 3 or 4 (as amended by the Shannon Free Airport Development Company Limited (Amendment) Act, 1983) of the Shannon Free Airport Development Company Limited (Amendment) Act, 1970,
(b) section 25 of the Industrial Development Act, 1986, or
(c) section 12 of the Industrial Development Act, 1993.
(2) A grant to which this section applies shall be disregarded for the purposes of the Tax Acts.