(1) THAT Schedule 3 to the Taxes Consolidation Act 1997 (No. 39 of 1997), as it relates to relief by reduction of tax, be amended by inserting the following paragraph after paragraph 12---“12A. (a) Notwithstanding section 201, paragraph 10 shall cease to apply to any payment in excess of €200,000 which is made on or after 1 January 2013 and which is chargeable to income tax under section 123. (b) Paragraphs 11 and 12 shall apply for the purposes of this paragraph.".(2) IT is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act 1927 (No. 7 of 1927).

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