This Act comes into effect on the date of promulgation; provided, however, that the provisions listed in the following items come into effect on the dates set forth in those items:

Unless otherwise provided, the provisions of Chapter II of the Act on Special Measures Concerning Taxation as amended (hereinafter referred to as "the New Act") apply to income tax for 1973 and subsequent years, and the provisions then in force continue to govern income tax for 1972 and prior years.

①The provisions of items (ii), (v) and (vi) of the table in Article 11, paragraph (1) of the New Act apply to specified equipment, etc. prescribed in that paragraph that an individual acquires, or manufactures or constructs, and uses for the individual's business on or after April 1, 1973.

②The provisions of item (viii) of the table in Article 11, paragraph (1) of the New Act apply to vessels prescribed in that item that an individual acquires or manufactures and uses for the individual's business on or after April 1, 1973, and the provisions then in force continue to govern the case where an individual uses for the individual's business a vessel prescribed in item (vi) of the table in Article 11, paragraph (1) of the Act on Special Measures Concerning Taxation prior to amendment (hereinafter referred to as "the Former Act") that the individual acquired or manufactured before that date.

③In the case where an individual uses for the individual's business depreciable assets listed in item (i) of the table in Article 11, paragraph (1) of the Former Act that the individual acquires, or manufactures or constructs, during the period from April 1, 1973 to March 31, 1976, the provisions of that Article govern, with the phrase "items (iii) through (v)" in that item deemed to be replaced with "items (i) through (ix) of the table in Article 11, paragraph (1) of the Act on Special Measures Concerning Taxation as amended by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 16 of 1975; hereinafter referred to as the '1975 Amendment Act') (hereinafter referred to as the 'Act on Special Measures Concerning Taxation as Amended in 1975')", and the phrase "one-quarter" deemed to be replaced with "one-quarter (or 16 percent in the case of using for business assets acquired, or manufactured or constructed, during the period from April 1, 1974 to March 31, 1975, and 8 percent in the case of using for business assets acquired, or manufactured or constructed, during the period from April 1, 1975 to March 31, 1976)".

④With regard to the application of the provisions of Articles 12 through 13-2, Article 16-2, Article 28-3, Article 33-6 and Article 37-3 of the Act on Special Measures Concerning Taxation as amended by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 16 of 1975) (hereinafter referred to as the "Act on Special Measures Concerning Taxation as Amended in 1975") in the case where the provisions of the preceding paragraph apply, the phrase "the preceding two Articles" in Article 12, paragraph (1) of the Act on Special Measures Concerning Taxation as Amended in 1975 is deemed to be replaced with "the preceding two Articles (including Article 3, paragraph (3) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 16 of 1973; hereinafter referred to as the '1973 Amendment Act'))", the phrase "the preceding three Articles" in Article 12-2, paragraph (1) of the Act on Special Measures Concerning Taxation as Amended in 1975 is deemed to be replaced with "the preceding three Articles (including Article 3, paragraph (3) of the Supplementary Provisions of the 1973 Amendment Act)", and the phrase "Article 11" in Article 12-3, paragraph (1), Article 13, paragraph (1), Article 13-2, paragraph (1), Article 16-2, paragraph (2), Article 28-3, paragraph (11), Article 33-6, paragraph (2) and Article 37-3, paragraph (2) of the Act on Special Measures Concerning Taxation as Amended in 1975 is deemed to be replaced with "Article 11 (including Article 3, paragraph (3) of the Supplementary Provisions of the 1973 Amendment Act)".

⑤The provisions of Article 12 of the New Act apply to machinery and equipment, etc. for commercializing new technology prescribed in paragraph (1) of that Article that an individual acquires or manufactures and uses for the individual's business on or after April 1, 1973, and the provisions then in force continue to govern the case where an individual uses for the individual's business machinery and equipment, etc. prescribed in Article 12, paragraph (1) of the Former Act that the individual acquired or manufactured before that date.

⑥With regard to the calculation of the amount of depreciation allowance to be included in necessary expenses in calculating the amount of business income of an individual for 1974 and prior years for assets prescribed in Article 13, paragraph (1) of the Former Act in the case where that individual falls under the case specified by Cabinet Order referred to in that paragraph, the provisions of that Article govern, with the phrase "Article 11 through the preceding Article" in that paragraph deemed to be replaced with "Article 11 (including Article 11 of the Act on Special Measures Concerning Taxation as amended by the 1973 Amendment Act (hereinafter referred to as 'the New Act') and Article 3, paragraph (3) of the Supplementary Provisions of the 1973 Amendment Act) through the preceding Article, and Article 13 of the New Act".

①With regard to income tax for 1973, if the total of the amounts calculated pursuant to the provisions of the items of Article 19, paragraph (1) of the New Act is less than whichever is the smaller of the amounts listed in the following items (referred to as the "1973 reserve limit" in paragraph (3)), that smaller amount is, notwithstanding the provisions of paragraph (1) of that Article, the total of the amounts calculated pursuant to the provisions of the items of that paragraph:

②In each year up to the year preceding the first year in which the total of the amounts calculated pursuant to the provisions of Article 19, paragraph (1) of the Act on Special Measures Concerning Taxation as Amended in 1975 of an individual who has received the application of the provisions of the preceding paragraph comes to exceed the adjusted reserve limit for the reserve for price fluctuations as of December 31 of the preceding year (meaning the amount calculated as of that date pursuant to the provisions of this paragraph (or, for 1974, the preceding paragraph); the same applies hereinafter up to the following paragraph) (limited to each year up to 1975), whichever is the smaller of the amounts listed in the following items is, notwithstanding the provisions of paragraph (1) of that Article, the total of the amounts calculated pursuant to the provisions of the items of that paragraph:

③The provisions of the preceding two paragraphs do not apply unless a written statement concerning the calculation of the 1973 reserve limit or the adjusted reserve limit for the reserve for price fluctuations is attached to the final return for each year from 1973 to the year for which the individual seeks the application of the provisions of the latter paragraph; provided, however, that this does not apply where, even if a final return without that attachment has been filed, the district director finds that there were unavoidable circumstances for the lack of that attachment and that written statement has been submitted.

①A resident prescribed in Article 25-2, paragraph (1) of the New Act may, with regard to income tax for 1973, at that resident's election, receive the application of the provisions of Article 25-2 of the New Act from a month in the middle of 1973 (limited to a month in or after July of that year; referred to as the "selected starting month" in this Article). In this case, the phrase "for that year" in paragraph (2), item (i) of that Article is deemed to be replaced with "in the period from the selected starting month prescribed in Article 5, paragraph (1) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 16 of 1973) to December 31, 1973 (referred to as the 'designated period' in item (i) of the following paragraph)", and the phrase "for that year" in paragraph (3), item (i), (a) and (b) of that Article is deemed to be replaced with "in the designated period".

②A resident who seeks the application of the provisions of the preceding paragraph must submit, by the last day of the month preceding the selected starting month, a document equivalent to the document referred to in Article 25-2, paragraph (4) of the New Act to the district director having jurisdiction over the place for tax payment. In this case, that document is deemed to be the document referred to in that paragraph with regard to income tax for 1974 and subsequent years.

③Details of the calculation of the amount of income tax for 1973 of a person who has made the election referred to in paragraph (1), and other necessary matters concerning the application of the provisions of that paragraph, are specified by Cabinet Order.

The provisions of Article 28-6 of the New Act apply in the case where an individual carries out a transfer, etc. of land listed in the following items (meaning a transfer, etc. of land prescribed in paragraph (1) of that Article; the same applies hereinafter in this Article) on or after the date set forth in the respective items.

The provisions of Article 29-2, paragraph (3), item (ii) of the New Act apply to public pensions, etc. prescribed in that paragraph that are to be paid on or after the Effective Date.

①The provisions of Article 32, paragraph (2) of the New Act apply in the case where a transfer of shares prescribed in that paragraph is carried out on or after April 1, 1974.

②With regard to income tax in the case where an individual carried out an exchange falling under the provisions of Article 39, paragraph (1) of the Former Act before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 41-2, paragraph (2), item (ii) of the New Act apply to a housing savings contract under the provisions of that paragraph that is concluded on or after the Effective Date, and with regard to a housing savings contract under the provisions of Article 41-2, paragraph (2), item (ii) of the Former Act that was concluded before that date, the provisions then in force continue to govern.

Unless otherwise provided, the provisions of Chapter III of the New Act apply to corporation tax for business years of corporations (including associations or foundations without juridical personality prescribed in Article 2, item (viii) of the Corporation Tax Act (Act No. 34 of 1965); the same applies hereinafter) commencing on or after April 1, 1973, and with regard to corporation tax for business years of corporations that commenced before that date, the provisions then in force continue to govern.

①The provisions of items (ii), (v), (vi) and (xiv) of the table in Article 43, paragraph (1) of the New Act apply to specified equipment, etc. prescribed in that paragraph that a corporation uses for its business after making an acquisition, etc. (meaning an acquisition, manufacture or construction; the same applies hereinafter in this Article) thereof on or after April 1, 1973.

②The provisions of item (ix) of the table in Article 43, paragraph (1) of the New Act apply to the facilities referred to in that item pertaining to an acquisition or construction on or after April 1, 1973 in connection with the execution of construction work specified by Cabinet Order as prescribed in that item, and with regard to the facilities referred to in item (ix) of the table in Article 43, paragraph (1) of the Former Act pertaining to an acquisition or construction before that date in connection with the execution of construction work specified by Cabinet Order as prescribed in that item, the provisions then in force continue to govern.

③The provisions of item (xii) of the table in Article 43, paragraph (1) of the New Act apply to vessels prescribed in that item that a corporation acquires or manufactures on or after April 1, 1973 and uses for its business, and in the case where a corporation has used for its business vessels prescribed in item (xii) of the table in Article 43, paragraph (1) of the Former Act that it acquired or manufactured before that date, the provisions then in force continue to govern.

④In the case where a corporation uses for its business depreciable assets listed in item (i) of the table in Article 43, paragraph (1) of the Former Act after making an acquisition, etc. thereof during the period from April 1, 1973 to March 31, 1976, the provisions of that Article are to govern, with the phrase "items (v) to (vii)" in that item deemed to be replaced with "items (i) to (ix) of the table in Article 43, paragraph (1) of the Act on Special Measures Concerning Taxation as Amended in 1975", and the phrase "one quarter" deemed to be replaced with "one quarter (or 16 percent in the case where assets acquired, manufactured or constructed during the period from April 1, 1974 to March 31, 1975 are used for the business, and 8 percent in the case where assets acquired, manufactured or constructed during the period from April 1, 1975 to March 31, 1976 are used for the business)".

⑤With regard to the application of the provisions of Articles 44 to 46, Articles 50 to 51-2, Articles 64 to 65, Article 65-7, Article 65-8 and Article 67-4 of the Act on Special Measures Concerning Taxation as Amended in 1975 and Article 13, paragraph (6) of the Supplementary Provisions of the 1974 Amendment Act in the case where the provisions of the preceding paragraph apply, the phrase "the preceding two Articles" in Article 44, paragraph (1) of the Act on Special Measures Concerning Taxation as Amended in 1975 is deemed to be replaced with "the preceding two Articles (including Article 11, paragraph (4) of the Supplementary Provisions of the 1973 Amendment Act)"; the phrase "the preceding three Articles" in Article 45, paragraph (1) of the Act on Special Measures Concerning Taxation as Amended in 1975 is deemed to be replaced with "the preceding three Articles (including Article 11, paragraph (4) of the Supplementary Provisions of the 1973 Amendment Act)"; and the phrase "Article 43" in Article 45-2, paragraph (1), Article 45-3, paragraph (1), Article 46, paragraph (1), Article 50, paragraph (1), Article 51, paragraph (2), Article 51-2, paragraph (2), Article 64, paragraph (6) (including as applied mutatis mutandis pursuant to Article 64-2, paragraph (6) and Article 65, paragraph (6)), Article 65-7, paragraph (7) (including as applied mutatis mutandis pursuant to Article 65-8, paragraph (7)) and Article 67-4, paragraph (6) of the Act on Special Measures Concerning Taxation as Amended in 1975, and in Article 46-2, paragraph (4) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1974 Amendment Act, which is to govern pursuant to the provisions of Article 13, paragraph (6) of the Supplementary Provisions of that Act, is deemed to be replaced with "Article 43 (including Article 11, paragraph (4) of the Supplementary Provisions of the 1973 Amendment Act)".

⑥In the case where a corporation uses for its business depreciable assets listed in item (ii) of the table in Article 43, paragraph (1) of the Former Act for which it made an acquisition, etc. within the period specified by Cabinet Order referred to in that paragraph with respect to those depreciable assets (excluding those to which the provisions of item (xiv) of the table in Article 43, paragraph (1) of the New Act apply), the provisions then in force continue to govern.

⑦In the case where a corporation uses for its business depreciable assets listed in item (iii) of the table in Article 43, paragraph (1) of the Former Act for which it made an acquisition, etc. within the period specified by Cabinet Order referred to in that paragraph with respect to those depreciable assets, the provisions then in force continue to govern.

⑧The provisions of Article 44 of the New Act apply to machinery and equipment, etc. for commercialization of new technology prescribed in paragraph (1) of that Article that a corporation acquires or manufactures on or after April 1, 1973 and uses for its business, and in the case where a corporation has used for its business machinery and equipment, etc. prescribed in Article 44, paragraph (1) of the Former Act that it acquired or manufactured before that date, the provisions then in force continue to govern.

⑨With regard to the calculation of the depreciation limit of the assets prescribed in Article 46, paragraph (1) of the Former Act for a business year of a corporation ending on or before September 30, 1974, in the case where the corporation falls under the case specified by Cabinet Order referred to in that paragraph, the provisions of that Article are to govern, with the phrase "Article 43 to the preceding Article" in that paragraph deemed to be replaced with "Article 43 (including Article 43 of the New Act and Article 11, paragraph (4) of the Supplementary Provisions of the 1973 Amendment Act) to the preceding Article, and Article 46 of the New Act".

⑩With regard to the application of the provisions of Article 46-2 of the New Act in the case where the provisions of the preceding paragraph apply, the phrase "Article 45-3" in paragraph (1) of that Article is deemed to be replaced with "Article 45-3, Article 11, paragraph (9) of the Supplementary Provisions of the 1973 Amendment Act", and the phrase "the amount equivalent to one half" in paragraph (5) of that Article is deemed to be replaced with "the amount equivalent to one half, or the amount equivalent to one third prescribed in Article 46, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1973 Amendment Act, which is to govern pursuant to the provisions of Article 11, paragraph (9) of the Supplementary Provisions of that Act".

①With regard to corporation tax for the business year commencing first on or after April 1, 1973 (hereinafter referred to as the "business year of the amendment" up to paragraph (3)), if, at the end of the business year of the amendment, the total of the amounts calculated pursuant to the provisions of the items of Article 53, paragraph (1) of the New Act is less than the lesser of the amounts listed in the following items (referred to as the "reserve limit for the business year of the amendment" in paragraph (3)), that lesser amount is, notwithstanding the provisions of paragraph (1) of that Article, to be the total of the amounts calculated pursuant to the provisions of the items of that paragraph:

②For each business year (limited to each business year commencing before April 1, 1976) up to the business year immediately preceding the first business year in which the total of the amounts calculated pursuant to the provisions of the items of Article 53, paragraph (1) of the Act on Special Measures Concerning Taxation as Amended in 1975 for a corporation to which the provisions of the preceding paragraph have applied comes to exceed the adjusted reserve limit for the reserve for price fluctuations at the end of the business year immediately preceding that business year (meaning the amount calculated on that date pursuant to the provisions of this paragraph (or of the preceding paragraph, if that immediately preceding business year is the business year of the amendment) (for a merging corporation that has carried out a merger in that business year, the amount obtained by adding the amount calculated as specified by Cabinet Order as the limit of the reserve for price fluctuations of the merged corporation at the end of the business year including the date of the merger); the same applies hereinafter up to the following paragraph), the lesser of the amounts listed in the following items is, notwithstanding the provisions of paragraph (1) of that Article, to be the total of the amounts calculated pursuant to the provisions of the items of that paragraph:

③The provisions of the preceding two paragraphs do not apply if a written statement concerning the calculation of the reserve limit for the business year of the amendment or of the adjusted reserve limit for the reserve for price fluctuations is not attached to the final return, etc. (meaning a final return, etc. prescribed in Article 2, paragraph (2), item (xi) of the Act on Special Measures Concerning Taxation as Amended in 1975; the same applies hereinafter in this paragraph) for each business year from the business year of the amendment to the business year for which the provisions of the preceding paragraph are to be applied; provided, however, that this does not apply if, even in the case where a final return, etc. without that statement attached has been filed, the district director finds that there were unavoidable circumstances for the failure to attach it and the written statement is submitted.

④The provisions of Article 55 of the New Act apply in the case where a corporation acquires specified shares, etc. prescribed in paragraph (1) of that Article on or after April 1, 1973, and in the case where a corporation acquired specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act or resource development shares, etc. prescribed in Article 56, paragraph (1) of the Former Act before that date, except in the case provided for in the following paragraph, the provisions of Article 55 or Article 56 of the Former Act are to govern, with the phrase "March 31, 1974" in those provisions deemed to be replaced with "March 31, 1973".

⑤In the case where a corporation acquired specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act or resource development shares, etc. prescribed in Article 56, paragraph (1) of the Former Act before April 1, 1973, and comes to fall under any of the cases listed in the items of Article 55, paragraph (4) of the New Act on or after that date, the provisions of that paragraph are to govern. In this case, if a corporation listed in the left-hand column of item (v) or (vi) of the table in paragraph (1) of that Article in relation to those resource development shares, etc. comes to fall under the case listed in paragraph (4), item (iii), (a) of that Article, the phrase "80 percent" in (a) of that item is deemed to be replaced with "two thirds".

⑥Necessary matters concerning the treatment of the amounts of those reserves in the case where a specified corporation prescribed in Article 55, paragraph (1) of the Former Act that has issued specified shares, etc. prescribed in that paragraph, or a resource development corporation prescribed in Article 56, paragraph (1) of the Former Act that has issued resource development shares, etc. prescribed in that paragraph, before April 1, 1973 has issued specified shares, etc. prescribed in Article 55, paragraph (1) of the New Act on or after that date, and a corporation that has a reserve for losses on overseas investment pertaining to specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act or a reserve for losses on investment in resource development pertaining to resource development shares, etc. prescribed in Article 56, paragraph (1) of the Former Act has a reserve for losses on overseas investment, etc. pursuant to the provisions of Article 55, paragraph (1) of the New Act, are specified by Cabinet Order.

⑦The provisions of Article 56-5 of the New Act apply to power generation facility expenditure (meaning the amount expended for the acquisition of power generation facilities prescribed in Article 56-5, paragraph (1) of the New Act) of a corporation on or after April 1, 1973 pertaining to construction work specified by Cabinet Order as prescribed in item (ix) of the table in Article 43, paragraph (1) of the New Act, and with regard to such power generation facility expenditure of a corporation before that date pertaining to construction work specified by Cabinet Order as prescribed in item (ix) of the table in Article 43, paragraph (1) of the Former Act, the provisions then in force continue to govern.

①In the case where an agricultural, forestry or fishery association prescribed in Article 59, paragraph (1) or (2) of the Former Act has retained all or part of its income in each business year up to the business year including the date of completion of reorganization prescribed in paragraph (1) of that Article (for an agricultural, forestry or fishery association prescribed in paragraph (2) of that Article, the date of completion of reorganization of the federation prescribed in that paragraph), the provisions then in force continue to govern.

②In the case where a business cooperative or a federation of cooperatives prescribed in Article 60, paragraph (1) of the Former Act has retained all or part of its income in each business year up to the business year including the date on which the reorganization plan prescribed in that paragraph is to be completed, the provisions then in force continue to govern.

The provisions of Article 63 of the New Act apply in the case where a corporation carries out a transfer, etc. of land listed in the following items (meaning a transfer, etc. of land prescribed in paragraph (1) of that Article; the same applies hereinafter in this Article) on or after the date set forth in the respective items.

①The provisions of Article 64 and Articles 65 to 65-5 of the New Act apply to corporation tax pertaining to a transfer of assets falling under those provisions that a corporation carries out on or after January 1, 1973 (including an act deemed to be a transfer by expropriation, etc. pursuant to the provisions of Article 64, paragraph (2) of the New Act), and with regard to corporation tax pertaining to such a transfer of assets that a corporation carried out before that date, the provisions then in force continue to govern.

②With regard to corporation tax in the case where a corporation carried out an exchange falling under the provisions of Article 66, paragraph (1) of the Former Act before the Effective Date, the provisions then in force continue to govern.

①The provisions of Article 66, paragraph (1), item (ii) and Article 66-3, paragraph (1), item (ii) and paragraph (2) of the New Act apply to corporation tax in the case where a corporation has carried out a merger or made a capital contribution pertaining to an approval of a small and medium sized enterprise structural improvement plan prescribed in those provisions that is given on or after the Effective Date, and with regard to corporation tax in the case where a corporation has carried out a merger or made a capital contribution pertaining to an approval of a small and medium sized enterprise structural improvement plan prescribed in Article 66-2, paragraph (1), item (iii) or Article 66-4, paragraph (1), item (iii) of the Former Act that was given before that date, the provisions then in force continue to govern.

②With regard to corporation tax in the case where a merger has been carried out or a capital contribution has been made pertaining to an approval prescribed in Article 66-2, paragraph (1), item (ii) or Article 66-4, paragraph (1), item (ii) of the Former Act, the provisions then in force continue to govern.

With regard to the depreciation of the depreciable assets referred to in Article 11, paragraph (4) of the Supplementary Provisions which are to be governed by the provisions of Article 43 of the Former Act pursuant to the provisions of that paragraph, the provisions of Article 66-6 of the Former Act are to govern, with the phrase "Article 43, paragraph (1)" in that Article deemed to be replaced with "Article 43, paragraph (1) (including Article 11, paragraph (4) of the Supplementary Provisions of the 1973 Amendment Act)".

①The provisions of Article 66-7 of the New Act apply to corporation tax for business years of corporations ending on or after the date set forth in Article 1, item (iv) of the Supplementary Provisions, and with regard to corporation tax for business years of corporations that ended before that date, the provisions then in force continue to govern.

②With regard to dividends paid on the preferred shares referred to in Article 68 of the Former Act that a long-term credit bank or a small and medium business investment and development stock company prescribed in that Article underwrote before the Effective Date, the provisions then in force continue to govern.

①With regard to an amount of inheritance tax for which permission for payment in installments was granted before the Effective Date and for which the ratio of the value of standing timber prescribed in Article 70-6, paragraph (1) of the New Act to the total value of the property that formed the basis for the calculation of that amount of inheritance tax is five-tenths or more, where the due date for payment of its installment payments arrives on or after that date, the district director may, upon an application filed within four months from that date by the person who was granted that permission for payment in installments, extend the period of payment in installments within the range of a period equivalent to one half of the period of payment in installments on or after that date (or, if that period includes a fraction of less than one month, the period calculated by counting that fraction as one month), and change the installment payments to be paid in accordance with the provisions of that paragraph.

②The provisions of Article 70-6, paragraph (2) of the New Act apply to the portion of interest tax on an amount of inheritance tax for which the due date for payment of installment payments under payment in installments arrives on or after the Effective Date that corresponds to the period on or after that date (excluding the portion of that interest tax that corresponds to the period from that date to the date on which the due date for payment first arrives on or after that date, and for which the amount computed by applying the provisions of that paragraph would exceed the amount computed under the provisions then in force).

①The provisions of Article 72, Article 73, paragraph (1), Article 74, paragraphs (1) and (2), Article 77-2, Article 77-6, Article 78-2, Article 78-3, paragraph (2) and Article 81, paragraph (1) (limited to the part pertaining to the provisions of Article 14, paragraph (1) of the Act on Temporary Measures for the Promotion of Specified Electronics Industries and Specified Machinery Industries (Act No. 17 of 1971); the same applies hereinafter in this paragraph) of the New Act apply to registration and license tax pertaining to a registration prescribed in those provisions that is obtained on or after the day following the Effective Date, and with regard to registration and license tax pertaining to a registration prescribed in Articles 72 to 74, Article 77-2, Article 77-6, Article 78-2, Article 78-3, paragraph (2) and Article 81, paragraph (1) of the Former Act that was obtained before that day, the provisions then in force continue to govern.

②The provisions of Article 79 of the New Act apply to registration and license tax pertaining to a registration of preservation of ownership or a registration of the creation of a mortgage for a vessel prescribed in paragraph (1) of that Article that is newly built on or after April 1, 1973, where the registration is obtained on or after the day following the Effective Date, and with regard to registration and license tax pertaining to a registration of preservation of ownership or a registration of the creation of a mortgage for such a vessel newly built on or before March 31, 1973, where the registration was obtained on or before that date or is obtained on or after the day following the Effective Date, the provisions then in force continue to govern.

③With regard to registration and license tax pertaining to a registration of the matters listed in the items of Article 81, paragraph (1) of the Former Act in relation to an approval under the provisions of Article 8, paragraph (1) of the Act on Promotion of Modernization of Small and Medium-sized Enterprises, where the registration is obtained within one year from the date of the approval, the provisions then in force continue to govern.

④The provisions of Article 81, paragraph (1) of the New Act (limited to the part pertaining to the provisions of Article 8, paragraph (2) of the Act on Promotion of Modernization of Small and Medium-sized Enterprises) apply to registration and license tax pertaining to a registration obtained on or after the day following the Effective Date for the matters listed in the items of Article 81, paragraph (1) of the New Act pertaining to a small and medium sized enterprise structural improvement plan prescribed in Article 5-2, paragraph (1) of that Act for which approval under the provisions of that paragraph is granted on or after April 1, 1973, and with regard to registration and license tax pertaining to a registration of those matters pertaining to such a small and medium sized enterprise structural improvement plan for which that approval was granted on or before March 31, 1973, the provisions then in force continue to govern.

①With regard to commodity tax on the goods prescribed in Article 88-3 that was imposed, or that should have been imposed, before the enforcement of this Act, the provisions then in force continue to govern.

②With regard to the application of penal provisions to acts committed before the enforcement of this Act and to acts committed after the enforcement of this Act with respect to commodity tax for which the provisions then in force are to continue to govern pursuant to the provisions of the preceding paragraph, the provisions then in force continue to govern.