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Version status: Amended
Version date: 22 May 2024 - onwards
Version 2 of 2

18. Amendment of section 50 of Principal Act

This format of the bill is taken from the text of stage 1 published on 22 December 2023 by Dáil Éireann

Section 50 of the Principal Act is amended -

(a) by the substitution, in subsection (2), of “€1,000,000” for “€500,000”,

(b) in subsection (13) -

(i) by the deletion of paragraph (a),

(ii) by the substitution of the following paragraph for paragraph (c):

"(c) to a charitable organisation in respect of a financial year in which 2 or more of the following conditions are met:

(i) its balance sheet total does not exceed €10,000, or such greater amount not exceeding €50,000 as may be prescribed;

(ii) its gross income does not exceed €10,000, or such greater amount not exceeding €50,000 as may be prescribed;

(iii) it has no employees,",

and

(iii) by the substitution, in paragraph (d), of "Minister for Education" for "Minister",

and

(c) in subsection (14)(b) -