Clause 30

by inserting, immediately after subsection (1), the following subsection:“(1A) For the purposes of this section, unless otherwise provided in this Act or the Economic Expansion Incentives (Relief from Income Tax) Act (Cap. 86), where a person is a company whose income, if any, is subject to tax at different rates of tax for any year of assessment, the Comptroller shall apportion any sum allowable under subsection (2)(b), (c), (d) or (f) or (2C) among the different rates of tax on such basis he considers reasonable.”;

by deleting the word “There” in the 1st line of subsection (2) and substituting the words “Subject to subsection (1A), there”;

by deleting paragraph (b) of subsection (2) and substituting the following paragraph:“(b)an amount equivalent to twice the value, the value to be determined by the Minister or such person as he may appoint, of an approved donation of —

any artefact made by him in the year preceding the year of assessment to an approved museum; or

any sculpture for public display outdoors made by him in the year preceding the year of assessment to an approved recipient not being an approved museum,and for this purpose, “approved” means approved by the Minister or such person as he may appoint;”;

by inserting, immediately after the word “Minister” in subsection (2)(c) and (e), the words “or any Central Fund Administrator”;

by inserting, immediately after the word “Minister” in subsection (2)(d), the words “or such person as he may appoint”;

by deleting the word “and” at the end of subsection (2)(d);

by inserting, immediately after the word “Singapore” in subsection (2)(e)(ii), the words “or listed on the Singapore Exchange”;

by deleting the full-stop at the end of paragraph (e) of subsection (2) and substituting the word “; and”, and by inserting immediately thereafter the following paragraph:“(f)an amount equivalent to twice the value, the value to be determined by an appraiser licensed under the Appraisers and House Agents Act (Cap. 16) and approved by the Chief Valuer appointed under the State Lands Act (Cap. 314), of any donation of any immovable property made by him in the year preceding the year of assessment to any institution of a public character approved by the Minister or any Central Fund Administrator on the application by that institution.”;

by deleting the words “subsection (2)(b), (c), (d) or (e)” in subsections (2C), (2D), (2E), (2F) and (5) and substituting in each case the words “subsection (2)(b), (c), (d), (e) or (f)”;

by deleting the words “subsections (2D)” in subsection (2E) and substituting the words “subsections (1A), (2D)”;

by deleting paragraph (a) of subsection (10) and substituting the following paragraph:“(a)the amount in respect of any donation of shares in a company or units in a unit trust listed on the Singapore Exchange shall be the price of such shares or units, as the case may be, in the open market at the last transaction of such shares or units on the date of the donation;”; and

by inserting, immediately after the word “Singapore” in subsection (10)(b), the words “(other than those listed on the Singapore Exchange)”.