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AI Summary of 23. Amendment of Part 10 (income tax and corporation tax: reliefs for renewal and improvement of certain urban areas, certain resort areas and certain islands) of Principal Act.
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23. Amendment of Part 10 (income tax and corporation tax: reliefs for renewal and improvement of certain urban areas, certain resort areas and certain islands) of Principal Act.
(1) Part 10 of the Principal Act is amended -
(a) in section 344(1), in paragraph (c) of the definition of "qualifying period", by substituting -
(i) "31 December 2004" for "31 December 2002",
(ii) "31 December 2003" for "31 December 2001", and
(iii) "30 September 2003" for "30 September 2001",
(b) in section 372A -
(i) in subsection (1) -
(I) by substituting the following for paragraph (a) of the definition of "qualifying period":
"(a) subject to section 372B and in relation to a qualifying area, the period commencing on 1 August 1998 and ending on -
(i) 31 December 2002, or
(ii) where subsection (1A) applies, 31 December 2004,
and",
and
(II) by substituting the following for the definition of "relevant local authority":
"'relevant local authority' means -