Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

The section amends sections 37 and 607 of the Taxes Consolidation Act 1997 to provide that interest paid on securities issued by Irish Water may be paid with that deduction of tax and that such securities are not chargeable assets for capital gains purposes. This will ensure that securities issued by Irish Water will be subject to the same tax treatment as securities issued by other State bodies.