Supplementary Provisions

This Act comes into effect as of the date specified by Cabinet Order within a period not exceeding three months from the date of promulgation; provided, however, that the provisions of Articles 3 and 4 of the Supplementary Provisions come into effect as of April 1, 1998.

The provisions of Article 35-3 of the Supplementary Provisions of the Local Tax Act as amended by the provisions of the preceding Article (hereinafter referred to as the "New Local Tax Act") apply to the amount specified by Cabinet Order as the amount of loss prescribed in Article 35-3, paragraph (1) of the Supplementary Provisions of the New Local Tax Act (including as applied mutatis mutandis pursuant to paragraph (9) of that Article), and to the amount of transfer loss on specified shares prescribed in paragraph (3) of that Article (including as applied mutatis mutandis pursuant to paragraph (9) of that Article), relating to specified shares prescribed in Article 37-13, paragraph (1) of the Act on Special Measures Concerning Taxation (Act No. 26 of 1957) as amended by the Act Partially Amending the Act on Special Measures Concerning Taxation and the Act on Temporary Special Provisions of Acts Related to National Tax, in Relation to Victims, etc. of Hanshin-Awaji Earthquake (Act No. 22 of 1997) that a person liable for the income levy of prefectural inhabitant tax and municipal inhabitant tax acquires by payment on or after the date of enforcement of this Act.