Supplementary Provisions, Article 2Transitional Measures Concerning Prefectural Inhabitant Tax

①The provisions of Article 34, paragraph (3) of the Local Tax Act as amended by the provisions of Article 1 (hereinafter referred to as the "New Act") and Article 3-3, paragraphs (1) and (2) of the Supplementary Provisions of the New Act apply to individual prefectural inhabitant tax for fiscal year 1986 and subsequent fiscal years, and for individual prefectural inhabitant tax for fiscal years up to and including fiscal year 1985, the provisions then in force continue to govern.

②For the deduction under Article 32, paragraph (8) of the Local Tax Act prior to its amendment by the provisions of Article 1 (hereinafter referred to as the "Former Act") concerning the amount of net loss that formed the basis for calculating the amount of income tax for which a refund was received as prescribed in Article 4, paragraph (2) of the Supplementary Provisions of the Former Act, the provisions then in force continue to govern.

③The provisions of Article 25, paragraph (1), item (ii) of the New Act apply to corporate prefectural inhabitant tax for business years ending on or after April 1, 1986 (hereinafter referred to as the "Effective Date"), and for corporate prefectural inhabitant tax for business years that ended before the Effective Date, the provisions then in force continue to govern.