This Act comes into effect as of April 1, 1974; provided, however, that the provisions listed in the following items come into effect as of the dates set forth in the respective 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 1974 and subsequent years, and with regard to income tax for 1973 and earlier years, the provisions then in force continue to govern.

①The provisions of Article 4 of the New Act apply to government bonds prescribed in paragraph (1) of that Article that are purchased on or after the date of enforcement of this Act (hereinafter referred to as the "Effective Date").

②In the case where an individual prescribed in Article 4, paragraph (1) of the New Act holds government bonds prescribed in Article 4, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment (hereinafter referred to as the "Former Act") that were purchased before the Effective Date and that satisfy the requirements prescribed in that Article as of that date, the provisions of Article 4 of the New Act apply to those government bonds, deeming them to have been purchased by the individual on that date in accordance with the requirements of that Article.

③In the case where an individual prescribed in the preceding paragraph holds, as of the Effective Date, government bonds prescribed in Article 4, paragraph (1) of the New Act that were purchased at a business office or similar place of a sales institution prescribed in that paragraph during the period from December 1, 1973 to the day before the Effective Date (excluding those to which the provisions of the preceding paragraph apply; hereinafter referred to as "old government bonds" in this Article), if, by the date on which interest on the old government bonds (limited to interest to be received on or after the Effective Date) is first received on or after that date (or, if that date is after December 31, 1974, December 31, 1974; and if, on or after the Effective Date and before either of those dates, the individual purchases at the business office or similar place of the sales institution government bonds prescribed in Article 4, paragraph (1) of the New Act to which the individual seeks to have the provisions of that paragraph applied, the date of the first such purchase), the individual has submitted the statement of special tax-exempt savings prescribed in Article 10, paragraph (3) of the Income Tax Act as applied mutatis mutandis pursuant to paragraph (2) of that Article or the return prescribed in paragraph (4) of that Article to the district director prescribed in those provisions via the business office or similar place of the sales institution, and the application for special tax-exempt savings prescribed in Article 4, paragraph (1) of the New Act for the old government bonds to the business office or similar place of the sales institution, and the custody or registration prescribed in item (i) of that paragraph is effected at the time of that submission, then with regard to that interest, the provisions of that Article apply by deeming that the old government bonds were purchased at the business office or similar place of the sales institution on the Effective Date, that the statement or return and the application were submitted on that date, and that the custody or registration was effected on that date.

④Beyond what is provided for in the preceding paragraph, necessary matters concerning the application of the provisions of Article 4 of the New Act to old government bonds are specified by Cabinet Order.

①The provisions of Article 4-2 of the New Act apply to asset-building savings prescribed in paragraph (1) of that Article that are deposited, entrusted or purchased on or after the Effective Date.

②In the case where a worker prescribed in Article 4-2, paragraph (1) of the New Act holds asset-building savings prescribed in Article 4-2, paragraph (1) of the Former Act that were deposited, entrusted or purchased before the Effective Date and that satisfy the requirements prescribed in that Article as of that date, the provisions of Article 4-2 of the New Act apply to those asset-building savings, deeming them to have been deposited, entrusted or purchased by the worker on that date in accordance with the requirements of that Article.

③In the case where a worker prescribed in the preceding paragraph holds, as of the Effective Date, asset-building savings prescribed in Article 4-2, paragraph (1) of the New Act that were deposited, entrusted or purchased at a business office or similar place of a financial institution prescribed in that paragraph during the period from December 1, 1973 to the day before the Effective Date (excluding those to which the provisions of the preceding paragraph apply; hereinafter referred to as "former asset-building savings" in this Article), if, by the date on which interest or a distribution of proceeds on the former asset-building savings (limited to that to be received on or after the Effective Date) is first received on or after that date (or, if that date is after December 31, 1974, December 31, 1974; and if, on or after the Effective Date and before either of those dates, the worker deposits, entrusts or purchases at the business office or similar place of the financial institution asset-building savings prescribed in Article 4-2, paragraph (1) of the New Act to which the worker seeks to have the provisions of that paragraph applied, the date of the first such deposit, entrustment or purchase), the worker has submitted the statement of tax-exempt asset-building savings prescribed in Article 10, paragraph (3) of the Income Tax Act as applied mutatis mutandis pursuant to paragraph (2) of that Article (limited to one to which the certifying document prescribed in that paragraph is attached) or the return prescribed in paragraph (4) of that Article to the district director prescribed in those provisions via the place of employment prescribed in those provisions and the business office or similar place of the financial institution, and the application for tax-exempt asset-building savings prescribed in Article 4-2, paragraph (1) of the New Act for the former asset-building savings to the business office or similar place of the financial institution via the place of employment prescribed in that paragraph (where the former asset-building savings are a loan trust pertaining to bearer beneficiary certificates prescribed in item (ii) of that paragraph or securities prescribed in item (iii) of that paragraph, limited to the case where the custody or registration prescribed in those provisions is effected at the time of that submission), then with regard to that interest or distribution of proceeds, the provisions of that Article apply by deeming that the former asset-building savings were deposited, entrusted or purchased at the business office or similar place of the financial institution on the Effective Date, that the statement or return and the application were submitted on that date, and that the custody or registration was effected on that date.

④Beyond what is provided for in the preceding paragraph, necessary matters concerning the application of the provisions of Article 4-2 of the New Act to former asset-building savings are specified by Cabinet Order.

With regard to interest prescribed in Article 7 of the Former Act that a domestic corporation pays on foreign currency denominated bonds prescribed in that Article that it issued on or before March 31, 1974, the provisions then in force continue to govern.

①The provisions of items (iv) and (v) 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, manufactures or constructs on or after the Effective Date and uses for the individual's business, and in the case where an individual has used for the individual's business the equipment referred to in item (iv) of the table in Article 11, paragraph (1) of the Former Act that the individual acquired, manufactured or constructed before that date, the provisions then in force continue to govern.

②The provisions of Article 13-2, paragraph (1), item (i) of the New Act apply to income tax for 1975 and subsequent years, and with regard to income tax for 1974 and earlier years, the provisions then in force continue to govern. In this case, the determination of persons who implement a small and medium sized enterprise structural improvement plan prescribed in Article 13-2, paragraph (1), item (i) of the Former Act with regard to income tax for 1974, and other necessary matters concerning the application of the provisions of that item, are specified by Cabinet Order.

③The provisions of Article 13-2, paragraph (1), item (ii) of the New Act do not apply to income tax for 1974 of a person who may receive the application of the provisions of Article 13-2, paragraph (1), item (i) of the Former Act with regard to income tax for that year.

④With regard to the calculation of the amount of depreciation allowance to be included in necessary expenses in the case where an individual has used for the business referred to in Article 15, paragraph (1) of the Former Act fire-resistant buildings, etc. prescribed in that paragraph that the individual acquired or constructed during the period from April 1, 1966 to March 31, 1974, the provisions then in force continue to govern.

⑤In the case where an individual uses for the business referred to in Article 15, paragraph (1) of the Former Act fire-resistant buildings, etc. prescribed in that paragraph that are specified by Cabinet Order and that the individual acquires or constructs during the period from April 1, 1974 to March 31, 1976, the provisions of that Article are to govern, with the phrase "March 31, 1974" in that paragraph deemed to be replaced with "March 31, 1976", and the phrase "buildings with a fire-resistant structure prescribed in Article 2, item (vii) of the Building Standards Act (Act No. 201 of 1950) and other buildings specified by Cabinet Order" deemed to be replaced with "fire-resistant buildings, etc. prescribed in Article 6, paragraph (5) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 17 of 1974; hereinafter referred to as the '1974 Amendment Act') that are specified by Cabinet Order".

⑥With regard to the application of the provisions of Articles 13, 13-2, 16-2, 28-3, 33-6 and 37-3 of the New Act in the case where the provisions of the preceding paragraph apply, the phrase "Articles 14 to 16" in Article 13, paragraph (1), Article 13-2, paragraph (1), Article 28-3, paragraph (11), Article 33-6, paragraph (2) and Article 37-3, paragraph (2) of the New Act is deemed to be replaced with "Articles 14 to 16 (including Article 6, paragraph (5) of the Supplementary Provisions of the 1974 Amendment Act)", and the phrase "Article 11 to the preceding Article" in Article 16-2, paragraph (2) of the New Act is deemed to be replaced with "Article 11 to the preceding Article (including Article 6, paragraph (5) of the Supplementary Provisions of the 1974 Amendment Act)".

⑦In the case where an individual prescribed in Article 28 or Article 28-2 of the Former Act has made the payment prescribed in those provisions (including the payment prescribed in Article 56-2, paragraph (1) or Article 56-3, paragraph (1) of the Former Act which is to be governed by the provisions then in force pursuant to the provisions of Article 14, paragraph (1) or (2) of the Supplementary Provisions), the provisions then in force continue to govern.

②The provisions of Article 25-2, paragraph (4) of the New Act (limited to the part pertaining to the case where the business referred to in that paragraph has been commenced) apply in the case where that business is commenced on or after the Effective Date, and in the case where that business was commenced before that date, the provisions then in force continue to govern.

①The provisions of Article 37, paragraph (1) of the New Act apply in the case where a transfer of assets prescribed in that paragraph is carried out on or after the Effective Date, and in the case where a transfer of assets prescribed in Article 37, paragraph (1) of the Former Act was carried out before that date, the provisions then in force continue to govern.

②The provisions of Article 40 of the New Act apply to a gift or bequest of property prescribed in paragraph (1) of that Article that is made on or after the Effective Date, and with regard to such a gift or bequest made before that date, the provisions then in force continue to govern.

The provisions of Article 41, paragraph (1) of the New Act apply in the case where construction work for a new house prescribed in that paragraph is commenced, or such a newly built house that has not been used since its construction is acquired, on or after January 1, 1974, and in the case where construction work for a new house prescribed in Article 41, paragraph (1) of the Former Act was commenced, or such a newly built house that had not been used since its construction was acquired, before that date, the provisions then in force continue to govern.

①The provisions of Article 41-3, paragraph (3), 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) of the Former Act that was concluded before that date, the provisions then in force continue to govern.

②With regard to the application of the provisions of Article 41-3, paragraph (4) of the New Act to a contract concluded on or before December 31, 1973, the phrase "a period of seven years or more" in that paragraph is deemed to be replaced with "a period of seven years or more from January 1, 1974".

③Beyond what is provided for in the preceding two paragraphs, necessary transitional measures concerning the application of the provisions of Chapter II, Section 5, Subsection 2 accompanying the enforcement of this Act are specified by Cabinet Order.

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 the Effective Date, 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 Article 42 of the Former Act remain in force with regard to corporation tax for business years of corporations ending during the period from May 1, 1970 to April 30, 1974.

②The provisions of Article 42 of the New Act apply to corporation tax on income for business years of domestic corporations prescribed in paragraph (1) of that Article ending on or after May 1, 1974, and with regard to corporation tax on income for business years of those domestic corporations ending before that date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of that Article to corporation tax on income for business years ending during the period from that date to April 30, 1975, the phrase "30 percent" in paragraph (1), item (i) of that Article is deemed to be replaced with "28 percent" and the phrase "7,000,000 yen" with "6,000,000 yen", and the phrase "7,000,000 yen" in paragraph (2) of that Article is deemed to be replaced with "6,000,000 yen".

①The provisions of items (iv) and (v) 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 the Effective Date, and in the case where a corporation has used for its business the equipment referred to in item (iv) of the table in Article 43, paragraph (1) of the Former Act for which it made an acquisition, etc. before that date, the provisions then in force continue to govern.

②The provisions of item (xii) 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 the Effective Date 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 (xi) 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 Article 45-3, paragraph (1), item (i) of the New Act apply to the calculation of the depreciation limit of the assets listed in that item for business years of corporations commencing on or after the date of enforcement of the Act Partially Amending the Act on Temporary Measures for Structural Improvement of Specified Textile Industries, and with regard to the calculation of the depreciation limit of the assets listed in Article 45-3, paragraph (1), item (i) of the Former Act for business years of corporations commencing before that date, the provisions then in force continue to govern. In this case, the determination of persons who implement a small and medium sized enterprise structural improvement plan prescribed in that item, and other necessary matters concerning the application of the provisions of that item, are specified by Cabinet Order.

④The provisions of Article 45-3, paragraph (1), item (ii) of the New Act apply to the calculation of the depreciation limit of the assets listed in that item for business years of corporations ending on or after the date of enforcement of the Act Partially Amending the Act on Temporary Measures for Structural Improvement of Specified Textile Industries; provided, however, that if a corporation may receive the application of the provisions of Article 45-3, paragraph (1), item (i) of the Former Act in the business year ending first on or after that date, this does not apply to that business year.

⑤With regard to the calculation of the depreciation limit of depreciable assets in the case where a corporation carried out a specified merger prescribed in Article 46-2, paragraph (1) of the Former Act during the period from May 1, 1970 to March 31, 1974, the provisions then in force continue to govern.

⑥In the case where a corporation engaged in a business specified by Cabinet Order carries out a specified merger prescribed in Article 46-2, paragraph (1) of the Former Act during the period from April 1, 1974 to March 31, 1976, the provisions of that Article are to govern, with the phrase "March 31, 1974" in that paragraph deemed to be replaced with "March 31, 1976", the phrase "a corporation engaged in a business specified by Cabinet Order" in paragraph (2) of that Article deemed to be replaced with "a corporation engaged in a business specified by Cabinet Order as prescribed in Article 13, paragraph (6) of the Supplementary Provisions of the 1974 Amendment Act", and the phrase "Article 51-2" in paragraph (4) of that Article deemed to be replaced with "Article 51".

⑦With regard to the application of the provisions of Article 51-2 of the New Act in the case where the provisions of the preceding paragraph apply, the phrase "Article 43 to the preceding Article" in paragraph (2) of that Article is deemed to be replaced with "Article 43 to the preceding Article (including Article 13, paragraph (6) of the Supplementary Provisions of the 1974 Amendment Act)".

⑧With regard to the calculation of the depreciation limit of fire-resistant buildings, etc. prescribed in Article 48, paragraph (1) of the Former Act in the case where a corporation has used for its business those fire-resistant buildings, etc. that it acquired or constructed during the period from April 1, 1966 to March 31, 1974, the provisions then in force continue to govern.

⑨In the case where a corporation uses for its business fire-resistant buildings, etc. prescribed in Article 48, paragraph (1) of the Former Act that are specified by Cabinet Order and that it acquires or constructs during the period from April 1, 1974 to March 31, 1976, the provisions of that Article are to govern, with the phrase "March 31, 1974" in that paragraph deemed to be replaced with "March 31, 1976", and the phrase "buildings with a fire-resistant structure prescribed in Article 2, item (vii) of the Building Standards Act and other buildings specified by Cabinet Order" deemed to be replaced with "fire-resistant buildings, etc. prescribed in Article 13, paragraph (9) of the Supplementary Provisions of the 1974 Amendment Act that are specified by Cabinet Order".

⑩With regard to the application of the provisions of Articles 45-3, 46, 51, 51-2, 64 to 65, 65-7, 65-8 and 67-4 of the New Act in the case where the provisions of the preceding paragraph apply, the phrase "Articles 47 to 49" in Article 45-3, paragraph (1), Article 46, paragraph (1) and Article 51, paragraph (2) of the New Act is deemed to be replaced with "Articles 47 to 49 (including Article 13, paragraph (9) of the Supplementary Provisions of the 1974 Amendment Act)"; the phrase "Article 43 to the preceding Article" in Article 51-2, paragraph (2) of the New Act is deemed to be replaced with "Article 43 to the preceding Article (including Article 13, paragraph (9) of the Supplementary Provisions of the 1974 Amendment Act)"; and the phrase "Articles 47 to 51" in 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 New Act is deemed to be replaced with "Articles 47 to 51 (including Article 13, paragraph (9) of the Supplementary Provisions of the 1974 Amendment Act)".

⑪With regard to the calculation of the depreciation limit of crude oil stockpiling facilities prescribed in Article 48-2, paragraph (1) of the Former Act in the case where a corporation has used for stockpiling those crude oil stockpiling facilities that it acquired or constructed during the period from April 1, 1968 to March 31, 1974, the provisions of that Article are to govern, with the phrase "March 31, 1975" in that paragraph deemed to be replaced with "March 31, 1974".

⑫The provisions of Article 51 of the New Act apply to jointly used facilities prescribed in paragraph (1) of that Article that a corporation uses for its business after making an acquisition, etc. thereof on or after the Effective Date, and with regard to jointly used facilities prescribed in Article 51, paragraph (1) or Article 51-2, paragraph (1) of the Former Act in the case where a corporation has used for its business those jointly used facilities for which it made an acquisition, etc. before that date, the provisions then in force continue to govern.

⑬The provisions of Article 52 of the New Act apply in the case where a corporation pays the expenses or contributions prescribed in paragraph (1) of that Article on or after the Effective Date, and in the case where a corporation paid the expenses prescribed in Article 52, paragraph (1) of the Former Act before that date, the provisions then in force continue to govern.

①With regard to the payments referred to in Article 56-2, paragraph (1) of the Former Act that members, etc. of a specified association prescribed in that paragraph make, or the reserve for small and medium sized enterprise structural improvement that the specified association sets aside, in accordance with a structural improvement project plan prescribed in that paragraph for which the specified association received the approval referred to in that paragraph during the period from April 1, 1966 to March 31, 1974, the provisions then in force continue to govern.

②With regard to the payments referred to in Article 56-3, paragraph (1) of the Former Act that a specified parent business operator and specified subcontracting business operators prescribed in that paragraph make, or the reserve for promotion of subcontracting small and medium sized enterprises that the specified subcontracting association sets aside, in accordance with a promotion project plan prescribed in that paragraph for which a specified subcontracting association prescribed in that paragraph received the approval referred to in that paragraph during the period from May 1, 1970 to March 31, 1974, the provisions then in force continue to govern.

③With regard to the application of the provisions of Article 56-3 of the New Act in the business year ending first on or after April 1, 1974 of a corporation that is a holder of mining rights or a holder of lease mining rights prescribed in paragraph (1) of that Article, the phrase "in that business year" in that paragraph is deemed to be replaced with "in that business year and the business year immediately preceding that business year".

④With regard to the application of the provisions of Article 56-11 of the New Act in business years commencing during the period from April 1, 1974 to March 31, 1976 of a corporation engaged in the securities business prescribed in paragraph (1) of that Article, the phrase "50 percent" in item (i) of that paragraph is deemed to be replaced with "60 percent", and the phrase "20 percent" in item (ii) of that paragraph is deemed to be replaced with "25 percent".

⑤The provisions of Article 56-12 of the New Act apply to corporation tax for business years of corporations ending on or after the Effective Date, and with regard to corporation tax for business years of corporations that ended before that date, the provisions then in force continue to govern.

①The provisions of Articles 64, 65-3, 65-4 and 65-6 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, 1974 (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.

②The provisions of Article 63, Article 65-5 and Articles 65-7 to 65-9 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 the Effective Date, 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.

With regard to corporation tax on liquidation income in the case where a corporation that received the certification prescribed in Article 66, paragraph (1), item (viii) of the Former Act within two years from the date on which the basic policy for improvement of wholesale markets prescribed in that item was established has carried out a merger, the provisions then in force continue to govern.

The provisions of Article 66-5 of the New Act apply to assets for experimental research prescribed in paragraph (1) of that Article that a corporation acquires or manufactures on or after the Effective Date, and with regard to assets for experimental research prescribed in Article 66-5, paragraph (1) of the Former Act that a corporation acquired or manufactured before that date, the provisions then in force continue to govern.

The provisions of Article 67-4 of the New Act apply in the case where a corporation receives a subsidy, etc. for business conversion or discontinuation prescribed in paragraph (1) of that Article on or after the Effective Date, and in the case where a corporation received a subsidy, etc. for business conversion or discontinuation prescribed in Article 67-4, paragraph (1) of the Former Act before that date, the provisions then in force continue to govern.

①The provisions of Article 77, paragraph (1) of the New Act apply to registration and license tax pertaining to a registration of transfer of ownership of land acquired through an exchange prescribed in that paragraph that is carried out on or after the Effective Date, and with regard to registration and license tax pertaining to such a registration for land acquired through an exchange prescribed in Article 77, paragraph (1) of the Former Act that was carried out before that date, the provisions then in force continue to govern.

②The provisions of Article 78-3, paragraph (2) of the New Act apply to registration and license tax pertaining to a registration prescribed in that paragraph that members or affiliated members specified by Cabinet Order referred to in that paragraph obtain on or after the Effective Date, and with regard to registration and license tax pertaining to a registration prescribed in Article 78-3, paragraph (2) of the Former Act that those persons obtained before that 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 a certification under the provisions of Article 73, paragraph (1) of the Wholesale Market Act (Act No. 35 of 1971) given during the period until the day on which two years have elapsed from the date on which the basic policy for improvement of wholesale markets prescribed in Article 4 of that Act was established, where the registration is obtained within one year from the date of the certification, the provisions then in force continue to govern.

④With regard to registration and license tax pertaining to a registration of the matters listed in Article 81, paragraph (1), item (ii) or (iv) of the Former Act in relation to a specified merger prescribed in paragraph (2) of that Article, the provisions then in force continue to govern.

②With regard to the amounts of gasoline tax and local road tax on gasoline that was shipped out of a gasoline manufacturing site before the Effective Date and that is subject to the notification or approval under Article 14, paragraph (3) of the Gasoline Tax Act (including as applied mutatis mutandis pursuant to Article 15, paragraph (3) and Article 16-3, paragraph (3) of that Act and Article 90, paragraph (3) of the Act on Special Measures Concerning Taxation; the same applies hereinafter in this paragraph) (limited to gasoline for which the time limit pertaining to the notification or approval arrives on or after that date), in the case where the documents prescribed in Article 14, paragraph (3) of the Gasoline Tax Act have not been submitted by that time limit, the provisions of Article 89 of the New Act apply.

③If, at the time this Act comes into effect, there is a gasoline manufacturer or seller who possesses gasoline (excluding gasoline to which the provisions of Article 16, paragraph (1) or Article 16-2, paragraph (1) of the Gasoline Tax Act apply) at a place other than a gasoline manufacturing site or a bonded area (excluding places within the area of Okinawa Prefecture), and the quantity of that gasoline (or, if the person possesses it at two or more places, the total quantity) is 5 kiloliters or more, then with regard to that gasoline, the person, if not a gasoline manufacturer, is deemed to be a gasoline manufacturer, the gasoline is deemed to have been shipped out of the person's manufacturing site on the Effective Date, and gasoline tax of 4,900 yen and local road tax of 900 yen per kiloliter are imposed.

④In the case referred to in the preceding paragraph, the district director collects local road tax together with gasoline tax. In this case, the district director is to aggregate the amount of gasoline tax and the amount of local road tax on gasoline held at storage places of the same person located within the district under the district director's jurisdiction, and collect the gasoline tax and local road tax of that aggregated amount by dividing it equally among the months from May to September 1974, with the last day of each month as the due date for payment.

⑤With regard to gasoline tax and local road tax under the provisions of paragraph (3), the provisions of Article 7, paragraph (2), Article 9, paragraph (2), Article 10, paragraph (1), Article 12, paragraph (3) and Article 13, paragraph (1) of the Local Road Tax Act apply, with the phrase "44/287" in those provisions deemed to be replaced with "9/58", and the phrase "243/287" deemed to be replaced with "49/58".

⑥The person prescribed in paragraph (3) must submit a return stating the storage places of the gasoline falling under the provisions of that paragraph, and the quantity of that gasoline possessed and the tax basis quantity (meaning the quantity obtained by deducting from that quantity possessed the quantity deducted pursuant to the provisions of Article 8, paragraph (1) of the Gasoline Tax Act) for each of those places, to the district director of the tax office with jurisdiction over the location of the storage places within one month from the Effective Date.

⑦In the cases listed in the following items, if the gasoline manufacturer set forth in the respective items has, pursuant to the provisions of Cabinet Order, obtained confirmation from the district director of the tax office with jurisdiction over the location of the gasoline manufacturing site into which the gasoline was returned or brought that the amount of gasoline tax and the amount of local road tax under the provisions of paragraph (3) have been collected, or are to be collected, on that gasoline, that amount of gasoline tax and amount of local road tax are, in accordance with the provisions of Article 17 of the Gasoline Tax Act and Article 9 of the Local Road Tax Act, deducted from the amount of gasoline tax and the amount of local road tax of that person, or refunded to that person, together with the amount of gasoline tax and the amount of local road tax that the gasoline manufacturer has paid or is to pay on that gasoline (in the case falling under item (ii), the amount of gasoline tax and the amount of local road tax that have been paid or are to be paid on shipment out of the other gasoline manufacturing site prescribed in that item, or that have been paid or are to be paid, or have been collected or are to be collected, on taking out of a bonded area):

①The provisions of Article 3, paragraphs (3) and (4) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation as amended by the preceding Article (referred to as the "1973 Amendment Act as Amended" in the following paragraph) apply in the case where an individual uses for the individual's business depreciable assets prescribed in paragraph (3) of that Article that the individual acquires, manufactures or constructs on or after the Effective Date, and in the case where an individual has used for the individual's business such depreciable assets that the individual acquired, manufactured or constructed before that date, the provisions then in force continue to govern.

②The provisions of Article 11, paragraphs (4) and (5) of the Supplementary Provisions of the 1973 Amendment Act as Amended apply in the case where a corporation provides for use in its business depreciable assets prescribed in paragraph (4) of that Article that it acquires, or manufactures or constructs, on or after the Effective Date, and in the case where a corporation has provided for use in its business such depreciable assets that it acquired, or manufactured or constructed, before that date, the provisions then in force continue to govern.