Supplementary Provisions, Article 34

The provisions of Article 349-3, paragraph (9) of the New Act also apply, from fixed assets tax for fiscal year 1962, to aircraft prescribed in that paragraph on which fixed assets tax came to be imposed in fiscal year 1961 or before. In this case, the tax base of fixed assets tax imposed on those aircraft is, where the number obtained by subtracting from six the number of fiscal years from the fiscal year in which that fixed assets tax came to be imposed on the aircraft through fiscal year 1961 (hereinafter in this paragraph referred to as the "remaining number of fiscal years") exceeds three, one-third of the price of the aircraft for the fiscal years corresponding to the number exceeding three, starting from fiscal year 1962, and two-thirds of the price of the aircraft for the following three fiscal years, and where the remaining number of fiscal years is three or less, two-thirds of the price of the aircraft for the fiscal years corresponding to that number, starting from fiscal year 1962.