Supplementary Provisions, Article 9Transitional Measures Concerning Special Land Holding Tax

①Except as provided for in paragraph (3), the provisions of the New Act concerning special land holding tax imposed on land apply to special land holding tax imposed on land for fiscal year 1995 and thereafter, and for special land holding tax imposed on land up to fiscal year 1994, the provisions then in force continue to govern.

②Except as provided for in the following paragraph, the provisions of the New Act concerning special land holding tax imposed on acquisitions of land apply to special land holding tax to be imposed on acquisitions of land on or after the Effective Date, and for special land holding tax imposed on acquisitions of land before the Effective Date, the provisions then in force continue to govern.

③The provisions of Article 586, paragraph (2), item (xi)-2 of the Former Act remain in force with respect to special land holding tax imposed on land, up to fiscal year 1996, pertaining to the land prescribed in that item and special land holding tax imposed on acquisitions of the land prescribed in that item made on or before May 29, 1996.