Jim Higgins (Fine Gael)

I move recommendation No. 8:

In page 13, before section 3, to insert the following new section:

"3.–Section 448 of the Principal Act is amended in subsection (1) by the insertion of the following paragraph after paragraph (b):

'(c) For the purpose of this section the deductions and allowances, as appropriate, specified in sections 461, 461A, 462, 462A, 463, 464, 465, 466, 466A, 467, 468, 472, 472A and 473, shall be automatically increased for each year of assessment by a percentage equal to the annualised percentage rate of increase in the Consumer Price Index last published by the Central Statistics Office before the commencement of the year of assessment.'.".

Recommendation put and declared lost.

Sections 3 to 5, inclusive, agreed to.

NEW SECTION.