Finance Act, 2000
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Amendment of section 767 (payment to universities and other approved bodies for research in, or teaching of, approved subjects) of Principal Act. |
22.— Section 767 of the Principal Act is amended— | |
(a) in subsection (1), by the substitution of the following for the definition of “approved body”: | ||
“‘approved body’ means— | ||
(a) the National College of Ireland, | ||
(b) an institution comprising the Dublin Institute of Technology established by or under section 3 of the Dublin Institute of Technology Act, 1992 , or | ||
(c) an educational institution established by or under section 3 of the Regional Technical Colleges Act, 1992 , as a regional technical college;”, | ||
and | ||
(b) by the insertion of the following after subsection (2): | ||
“(3) (a) Subsection (2) shall also apply to any sum paid to a body of persons or a trust established in the State for the sole purpose of granting financial or other aid to— | ||
(i) an Irish university, or | ||
(ii) an approved body, | ||
for the purpose of enabling the university or the approved body to undertake research in, or engage in the teaching of, an approved subject. | ||
(b) This subsection shall apply and have effect as respects a chargeable period (within the meaning of section 321) being— | ||
(i) where the chargeable period is a year of assessment, the year 2000-2001, and any subsequent year of assessment, or | ||
(ii) where the chargeable period is an accounting period of a company, an accounting period ending on or after 6 April 2001.”. |