asked the Minister for Finance if, in view of the valuable contribution being made by sporting organisations to our society, and, in particular, our youth, he will consider allowing full tax exemptions on the profits of these organisations; and if he will make a statement on the matter.

: In accordance with the provisions of section 349 of the Income Tax Act, 1967, the income of any body of persons established for the sole purpose of promoting athletic or amateur games or sports is exempt from income tax in so far as that income is, or has been, applied for that purpose. This exemption applies also for corporation tax purposes. The provisions seem to give adequate recognition to sporting organisations. There is no apparent need for amend-ment.