(1) Section 112B of the Principal Act is amended -

(a) in subsection (1), by the substitution of the following definition for the definition of "qualifying incentive":

"'qualifying incentive' means a relevant incentive that is the first, second, third, fourth or fifth relevant incentive given to an employee in a year of assessment where -

(a) in the case of a first relevant incentive, the value does not exceed €1,500,

(b) in the case of a second relevant incentive, the cumulative value of the first and second relevant incentives does not exceed €1,500,

(c) in the case of a third relevant incentive, the cumulative value of the first, second and third relevant incentives does not exceed €1,500,

(d) in the case of a fourth relevant incentive, the cumulative value of the first, second, third and fourth relevant incentives does not exceed €1,500, and

(e) in the case of a fifth relevant incentive, the cumulative value of the first, second, third, fourth and fifth relevant incentives does not exceed €1,500;",

and

(b) by the insertion of the following subsection after subsection (2):

"(3) This section shall cease to have effect for the year of assessment 2030 and subsequent years of assessment.".