①If a corporation that files a blue return and that is an approved regional economy advancement business operator prescribed in Article 25 of the Act on Strengthening a Framework for Regional Growth and Development by Promoting Regional Economy Advancement Projects, within the period from the date of enforcement of the Act Partially Amending the Act on the Formation and Vitalization of Industrial Clusters in Regions through the Promotion of Business Location, etc. (Act No. 47 of 2017) to March 31, 2028 (referred to as the "designated period" in the following paragraph), newly establishes or expands specified facilities, etc. for a regional economy advancement project (meaning facilities or equipment set forth in an approved regional economy advancement project plan, which are of a scale specified by Cabinet Order; the same applies hereinafter in this paragraph and the following paragraph) in accordance with the approved regional economy advancement project plan (meaning an approved regional economy advancement project plan prescribed in Article 14, paragraph (2) of the Act on Strengthening a Framework for Regional Growth and Development by Promoting Regional Economy Advancement Projects; the same applies hereinafter in this paragraph and the following paragraph) pertaining to an approved regional economy advancement project prescribed in Article 25 of that Act that the corporation conducts (hereinafter referred to as an "approved regional economy advancement project" in this paragraph and the following paragraph), within the promotion area prescribed in Article 4, paragraph (2), item (i) of that Act (referred to as the "promotion area" in the following paragraph) pertaining to that approved regional economy advancement project, and acquires machinery and equipment, furniture and fixtures, buildings and their associated facilities, and structures that constitute the specified facilities, etc. for a regional economy advancement project pertaining to the new establishment or expansion (hereinafter referred to as "machinery, etc. for specified business use" in this Article) that have not been put to use for business since their manufacture or construction, or manufactures or constructs machinery, etc. for specified business use pertaining to the new establishment or expansion, and puts it to use in the approved regional economy advancement project (excluding where it is put to use for lending; the same applies in the following paragraph), the depreciation limit of the machinery, etc. for specified business use for the business year that includes the date on which it was put to use in the approved regional economy advancement project (excluding the business year that includes the date of dissolution (other than dissolution due to a merger) and business years during liquidation, and each business year that includes a day within the period specified by Order of the Ministry of Finance as the period of the plan for investment in specified productivity-improving equipment, etc. prescribed in Article 42-12-7, paragraph (1) of a corporation that has received the confirmation prescribed in that paragraph; referred to as the "business year of commencement of use" in the following paragraph) is, notwithstanding the provisions of Article 31, paragraph (1) or (2) of the Corporation Tax Act, the sum of the ordinary depreciation limit of the machinery, etc. for specified business use and its special depreciation limit (meaning the amount calculated by multiplying the acquisition cost of the machinery, etc. for specified business use (if the total acquisition cost of the machinery and equipment, furniture and fixtures, buildings and their associated facilities, and structures that constitute a single set of specified facilities, etc. for a regional economy advancement project pertaining to the machinery, etc. for specified business use exceeds 8 billion yen, the amount calculated by multiplying 8 billion yen by the ratio of the acquisition cost of the machinery, etc. for specified business use to that total; referred to as the "base acquisition cost" in the following paragraph) by the rate specified in each of the following items according to the category of depreciable assets listed in that item).

②If a corporation that files a blue return and that is an approved regional economy advancement business operator prescribed in Article 25 of the Act on Strengthening a Framework for Regional Growth and Development by Promoting Regional Economy Advancement Projects, within the designated period, newly establishes or expands specified facilities, etc. for a regional economy advancement project in accordance with the approved regional economy advancement project plan pertaining to the approved regional economy advancement project that the corporation conducts, within the promotion area pertaining to that approved regional economy advancement project, and acquires machinery, etc. for specified business use pertaining to the new establishment or expansion that have not been put to use for business since their manufacture or construction, or manufactures or constructs machinery, etc. for specified business use pertaining to the new establishment or expansion, and puts it to use in the approved regional economy advancement project, the sum of the amounts calculated by multiplying the base acquisition cost of the machinery, etc. for specified business use put to use in the approved regional economy advancement project by the rate specified in each of the following items according to the category of depreciable assets listed in that item (hereinafter referred to as the "maximum tax credit" in this paragraph) is deducted from the corporation tax before adjustment on the income for the business year of commencement of use (meaning the corporation tax before adjustment prescribed in Article 42-4, paragraph (19), item (ii); the same applies hereinafter in this paragraph), except where the provisions of the preceding paragraph are applied to the machinery, etc. for specified business use. In this case, if the maximum tax credit of the corporation for the business year of commencement of use exceeds the amount equivalent to 20 percent of the corporation tax before adjustment of the corporation on the income for that business year of commencement of use, the amount to be deducted is limited to the amount equivalent to that 20 percent.

③The provisions of paragraph (1) do not apply to machinery, etc. for specified business use acquired by a corporation through a lease transaction without transfer of ownership.

④The provisions of paragraph (1) apply only if the tax return, etc. has a written statement attached thereto concerning the calculation of the depreciation limit of the machinery, etc. for specified business use.

⑤The provisions of paragraph (2) apply only if a document stating the acquisition cost of the machinery, etc. for specified business use, the amount to be deducted, and the details of the calculation of that amount, which are subject to the deduction under that paragraph, is attached to the tax return, etc. (including an amended return or written request for reassessment, if one is filed to increase the amount to be deducted pursuant to the provisions of that paragraph). In this case, the acquisition cost of the machinery, etc. for specified business use serving as the basis for the calculation of the amount to be deducted pursuant to that paragraph is limited to the acquisition cost of the machinery, etc. for specified business use stated in the document attached to the tax return, etc.

⑥The provisions of Article 42-4, paragraphs (23) and (24) apply mutatis mutandis where the provisions of paragraph (2) are applied. In this case, the phrase "paragraphs (1), (4), (7) and (14)" in paragraph (23) of that Article is deemed to be replaced with "Article 42-11-2, paragraph (2)".

⑦Beyond what is provided for in paragraph (3) through the preceding paragraph, necessary matters concerning the application of the provisions of paragraph (1) or (2) are specified by Cabinet Order.