(1) THAT section 188 of the Taxes Consolidation Act 1997 (No. 39 of 1997), in relation to income tax age exemption and associated marginal relief, be amended for the year of assessment 2011 and each subsequent year of assessment by substituting "€36,000" for "€40,000" and "€18,000" for "€20,000" in subsection (2).

(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).