Supplementary Provisions, Article 15-7Reduction of Fixed Assets Tax on Newly Built Certified Long-Life Quality Dwellings

①With regard to the fixed assets tax imposed on a dwelling specified by Cabinet Order that is a certified long-life quality dwelling prescribed in Article 11, paragraph (1) of the Act on the Promotion of Long-Life Quality Housing (hereinafter in this Article and Article 15-9-2 of the Supplementary Provisions referred to as a "certified long-life quality dwelling") newly built during the period from the date of enforcement of that Act to March 31, 2031, a municipality is to reduce, except where the following paragraph or the following Article applies, limited to the fixed assets tax for five fiscal years counting from the fiscal year for which fixed assets tax comes to be newly imposed on that dwelling, an amount equivalent to one-half of the fixed assets tax amount for that dwelling (for a dwelling held in unit ownership, the total of the amounts calculated for each unit owner as provided by Cabinet Order as the tax amount relating to the part to which this paragraph applies, and for a dwelling other than a dwelling held in unit ownership (limited to a dwelling having a part other than the part used for residence or another dwelling specified by Cabinet Order), the amount calculated as provided by Cabinet Order as the tax amount relating to the part to which this paragraph applies) from the fixed assets tax amount for that dwelling.

②With regard to the fixed assets tax imposed on a dwelling specified by Cabinet Order that is a medium- and high-rise fireproof building among the certified long-life quality dwellings newly built during the period from the date of enforcement of the Act on the Promotion of Long-Life Quality Housing to March 31, 2031, a municipality is to reduce, except where paragraph (1), (3) or (4) of the following Article applies, limited to the fixed assets tax for seven fiscal years counting from the fiscal year for which fixed assets tax comes to be newly imposed on that dwelling, an amount equivalent to one-half of the fixed assets tax amount for that dwelling (for a dwelling held in unit ownership, the total of the amounts calculated for each unit owner as provided by Cabinet Order as the tax amount relating to the part to which this paragraph applies, and for a dwelling other than a dwelling held in unit ownership (limited to a dwelling having a part other than the part used for residence or another dwelling specified by Cabinet Order), the amount calculated as provided by Cabinet Order as the tax amount relating to the part to which this paragraph applies) from the fixed assets tax amount for that dwelling.

③The preceding two paragraphs apply only where the owner of a certified long-life quality dwelling has submitted, during the period from the day on which that certified long-life quality dwelling was newly built to January 31 of the year including the first day of the fiscal year for which fixed assets tax comes to be newly imposed on that certified long-life quality dwelling, a return to the effect that those provisions are to apply to that certified long-life quality dwelling, with the documents specified by Order of the Ministry of Internal Affairs and Communications attached.

④For a dwelling held in unit ownership among the certified long-life quality dwellings under paragraph (1) or (2), even where the return under the preceding paragraph has not been submitted, the mayor of a municipality may apply paragraph (1) or (2), notwithstanding the preceding paragraph, where the administrator, etc. prescribed in Article 5, paragraph (4) of the Act on the Promotion of Long-Life Quality Housing has submitted, within the period prescribed in the preceding paragraph, documents specified by Order of the Ministry of Internal Affairs and Communications proving that notification has been received under Article 7 of that Act as applied mutatis mutandis pursuant to Article 8, paragraph (2) of that Act, and that dwelling held in unit ownership is found to meet the requirements prescribed in paragraph (1) or (2).

⑤Where the return under paragraph (3) or the documents under the preceding paragraph have been submitted after the lapse of the period prescribed in paragraph (3), if the mayor of a municipality finds that there were unavoidable reasons for the return or documents not having been submitted within that period, the mayor may apply paragraph (1) or (2) to the certified long-life quality dwelling relating to that return or those documents.