Section 65C: Expenditure incurred to support artists

65C. Expenditure incurred to support artists (1) Notwithstanding section 57 but subject to this section, where, in an income year, a company incurs expenditure to support the work of a professional in the Arts, it may deduct, from its gross income of that income year, twice the amount of such expenditure. (2) In this section – “expenditure” means any expenditure which would be allowable to a professional in the Arts in accordance with sections 18 and 26; “professional in the Arts” has the same meaning as in the Status of the Artist Act 2023. (vi) by inserting, after section 66, the following new section –