(1) THAT section 141 of the Taxes Consolidation Act 1997 (No. 39 of 1997) be amended, as respects distributions made out of disregarded income (within the meaning of that section) on or after 24 November 2010, by inserting the following after subsection (10):

"(11) This section shall not apply to distributions made out of disregarded income on or after 24 November 2010.".

(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).