Section 75 Finance (No. 2) Bill 2008 contains provisions which replace the measures introduced by Section 110 Finance Act 2007 (which required a Ministerial order to bring them into operation and no such order was ever made) with similar measures which will deem resting in contract arrangements, building licences and agreements to grant long leases to be stampable in certain circumstances. However section 75 will exclude certain contracts for the sale of an interest in land entered into solely in connection with a Public Private Partnership arrangements and certain contracts for the sale of a relevant interest in certain categories of tax incentive buildings. The measures contained in Section 75 require a Ministerial commencement order to bring them into operation.
In the course of introducing second stage of the Finance (No. 2) Bill 2008 before the Oireachtas on 25th November 2008 the Minister for Finance indicated that it is his intention to commence the provisions contained in section 75 early next year. Based on comments made by Brian Cowen as the then Minister for Finance in Dail Eireann on 20th March 2007 the measures should only affect arrangements put in place on or after the date of commencement.