This Act comes into effect on April 1, 1989; provided, however, that the provisions listed in the following items come into effect on the dates specified in the respective items:

Unless otherwise provided for, 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 tax year 1989 (meaning the year covering the period from January 1, 1989 to December 31, 1989; the same applies in Articles 6 and 7 of the Supplementary Provisions) and subsequent years, and with regard to income tax for 1988 and earlier years, the provisions then in force continue to govern.

With regard to interest prescribed in Article 7 of the Act on Special Measures Concerning Taxation prior to the amendment (hereinafter referred to as the "Former Act") that the State or the Bank of Japan, or an authorized foreign exchange bank, prescribed in that Article pays on borrowings or deposits prescribed in that Article that it borrowed or accepted before the date on which this Act comes into effect (hereinafter referred to as the "Effective Date"), the provisions then in force continue to govern.

①The provisions of Article 10-4 of the New Act (excluding item (iv) of the table in paragraph (1)) apply to business base strengthening equipment prescribed in paragraph (1) of that Article that an individual acquires, manufactures or leases on or after the Effective Date and uses for the individual's business, and the provisions then in force continue to govern the case where an individual uses for the individual's business business base strengthening equipment prescribed in Article 10-4, paragraph (1) of the Former Act that the individual acquired, manufactured or leased before the Effective Date.

②The provisions of item (iv) of the table in Article 10-4, paragraph (1) of the New Act apply to business base strengthening equipment prescribed in that paragraph that an individual acquires, manufactures or leases on or after the date on which the Act on Temporary Measures for Improving the Management of Specified Agricultural Product Processing Businesses comes into effect and uses for the individual's business.

①The provisions then in force continue to govern the case where an individual uses for the individual's business specified assets for development research prescribed in Article 11-2, paragraph (1) of the Former Act for which the individual made an acquisition, etc. (meaning acquisition, or manufacture or construction; the same applies hereinafter in this Article) on or before September 30, 1988.

②With regard to the application of the provisions of Articles 10 through 10-4, Article 11-2, Article 12, Article 12-2, Articles 13 through 14, Article 16, Article 28-3, Article 33-6 and Article 37-3 (including as applied mutatis mutandis pursuant to Article 37-5, paragraph (2) of the New Act) of the New Act in the case where the provisions of the preceding paragraph apply, the phrase "or Article 16" in Article 10, paragraph (4), item (ii) of the New Act is deemed to be replaced with ", Article 16 or Article 5, paragraph (1) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 12 of 1989; hereinafter referred to as the "1989 Amendment Act")", the phrase "or Article 16" in Article 10-2, paragraphs (1) and (3), Article 10-3, paragraphs (1) and (3) and Article 10-4, paragraphs (1) and (3) of the New Act with ", Article 16 or Article 5, paragraph (1) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "the preceding Article" in Article 11-2, paragraph (1) of the New Act with "the preceding Article or Article 5, paragraph (1) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "the preceding three Articles" in Article 12 of the New Act with "the preceding three Articles or Article 5, paragraph (1) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "through the preceding Article" in Article 12-2, paragraph (1) of the New Act with "through the preceding Article or Article 5, paragraph (1) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "or the preceding paragraph" in paragraph (2) of that Article with ", the preceding paragraph or Article 5, paragraph (1) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "or Articles 14 through 16" in Article 13, paragraph (1) of the New Act with ", Articles 14 through 16 or Article 5, paragraph (1) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "or the following Article through Article 16" in Article 13-2, paragraph (1) of the New Act with ", the following Article through Article 16 or Article 5, paragraph (1) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "Article 17" in Article 14, paragraph (2) of the New Act with ", Article 17 or Article 5, paragraph (1) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "through Article 12-2" in Article 16, paragraph (1) of the New Act with "through Article 12-2 or Article 5, paragraph (1) of the Supplementary Provisions of the 1989 Amendment Act", and the phrase "and Articles 14 through 16" in Article 28-3, paragraph (11), Article 33-6, paragraph (2) and Article 37-3, paragraph (2) of the New Act with ", Articles 14 through 16 and Article 5, paragraph (1) of the Supplementary Provisions of the 1989 Amendment Act".

③The provisions of Article 11-2, paragraph (1) of the New Act apply to earthquake disaster prevention assets prescribed in that paragraph that an individual makes an acquisition, etc. of on or after the Effective Date and puts to use for the individual's business, and with regard to cases where an individual has put to use for the individual's business earthquake disaster prevention assets prescribed in Article 11-3, paragraph (1) of the Former Act that the individual made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

④The provisions of Article 12, paragraph (1) of the New Act apply to industrial machinery, etc. prescribed in that paragraph that an individual makes an acquisition, etc. of on or after the Effective Date and puts to use for the individual's business, and with regard to cases where an individual has put to use for the individual's business industrial machinery, etc. prescribed in Article 12, paragraph (1) of the Former Act that the individual made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

⑤The provisions of Article 12-2, paragraph (2) of the New Act apply to medical equipment, etc. prescribed in that paragraph that an individual makes an acquisition, etc. of on or after the Effective Date and puts to use for the individual's business, and with regard to cases where an individual has put to use for the individual's business medical equipment, etc. prescribed in Article 12-2, paragraph (2) of the Former Act that the individual made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

⑥With regard to the application of the provisions of Article 12-3, paragraph (1), item (ii) of the New Act up to the day before the date on which the Act on Temporary Measures for Improving the Management of Specified Agricultural Product Processing Businesses comes into effect, the phrase "item (v) of the table in Article 10-4, paragraph (1)" in that item is deemed to be replaced with "item (iv) of the table in Article 10-4, paragraph (1)".

⑦If an individual prescribed in Article 12-3, paragraph (1) of the New Act has put specified office equipment prescribed in that paragraph that the individual acquired or manufactured during the period from March 1, 1989 to March 31, 1989 to use for the individual's business during the period from April 1, 1989 to April 30, 1989, the provisions of that Article apply to that specified office equipment by deeming that the individual acquired or manufactured it on April 1, 1989.

⑧The provisions of Article 13, paragraph (1) of the New Act apply to machinery and equipment, buildings for factory use and their associated facilities, and vehicles and transport equipment prescribed in that paragraph that an individual makes an acquisition, etc. of on or after the Effective Date, and with regard to machinery and equipment, buildings for factory use and their associated facilities, and vehicles and transport equipment prescribed in Article 13, paragraph (1) of the Former Act that an individual made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

⑨The provisions of Article 13-2, paragraph (1) of the New Act (limited to the part concerning the depreciable assets specified in item (i) of that paragraph) apply to the depreciable assets specified in that item that are held by a member of a commercial and industrial association, etc. referred to in that item that obtains, on or after the Effective Date, the approval prescribed in that item for a small and medium sized enterprise structural improvement plan prescribed in that item, and with regard to the depreciable assets specified in Article 13-2, paragraph (1), item (i) of the Former Act that are held by a member of a commercial and industrial association, etc. referred to in that item that obtained, before the Effective Date, the approval prescribed in that item for a small and medium sized enterprise structural improvement plan prescribed in that item, the provisions then in force continue to govern.

⑩The provisions of Article 13-2, paragraph (1) of the New Act (limited to the part concerning the depreciable assets specified in item (ii) of that paragraph) apply to the depreciable assets specified in that item that are held by a member of a specified association referred to in that item that obtains, on or after the Effective Date, the approval prescribed in that item for a structural improvement project plan prescribed in that item, or by a member of a specified commercial and industrial association, etc. referred to in that item that obtains, on or after the Effective Date, the approval prescribed in that item for a structural improvement facilitation plan prescribed in that item, and with regard to the depreciable assets specified in Article 13-2, paragraph (1), item (ii) of the Former Act that are held by a member of a specified association referred to in that item that obtained, before the Effective Date, the approval prescribed in that item for a structural improvement project plan prescribed in that item, the provisions then in force continue to govern.

⑪The provisions of Article 14, paragraphs (1) and (2) of the New Act apply to rental housing prescribed in paragraph (1) of that Article or specified redevelopment buildings, etc. prescribed in paragraph (2) of that Article that an individual acquires or newly builds on or after the Effective Date, and with regard to rental housing prescribed in Article 14, paragraph (1) of the Former Act or specified redevelopment buildings, etc. prescribed in paragraph (2) of that Article that an individual acquired or newly built before the Effective Date, the provisions then in force continue to govern.

⑫The provisions of Article 18, paragraph (1), item (iii) of the New Act apply to contributions specified in that item that an individual pays on or after the date on which the Textile Industry Structural Improvement Act Amendment Act comes into effect, and with regard to contributions specified in Article 18, paragraph (1), item (iii) of the Former Act that an individual paid before that date, the provisions then in force continue to govern.

⑬The provisions of Article 18, paragraph (1), item (viii) of the New Act apply to contributions specified in that item that an individual pays on or after the date on which the Act on Temporary Measures for Improving the Management of Specified Agricultural Product Processing Businesses comes into effect.

With regard to the application of the provisions of Article 20 of the New Act concerning income tax for tax year 1989, the phrase "amount calculated by dividing" in paragraph (1) of that Article is deemed to be replaced with "amount calculated by dividing (for 1989 (meaning the period from January 1, 1989 to December 31, 1989), the amount obtained by adding, to the total of the amount equivalent to 10.4/1,000 of the amount calculated by multiplying the revenue from the transactions listed in item (i) of the following paragraph by the number of months in the period during which the individual engaged in business during the period from January 1, 1989 to March 31, 1989 (referred to as the "period for the former reserve rate" in this paragraph) and dividing the result by the number of months in the period during which the individual engaged in business in 1988, and the amount equivalent to 10/1,000 of the amount obtained by multiplying by 90 percent (93 percent where the ratio of the total amount of consideration for import transactions of goods in 1989 to the total amount of consideration for import transactions of goods in 1988 is 110 percent or more and less than 120 percent, 95 percent where that ratio is 120 percent or more and less than 130 percent, and 98 percent where that ratio is 130 percent or more; the same applies hereinafter in this paragraph) the amount calculated by multiplying the revenue from those transactions by the number of months obtained by deducting the number of months in the period for the former reserve rate from the number of months in the period during which the individual engaged in business in 1989 (meaning the period from January 1, 1989 to December 31, 1989; the same applies hereinafter in this paragraph) and dividing the result by the number of months in the period during which the individual engaged in business in 1988, the total of the amount equivalent to 14.1/1,000 of the amount calculated by multiplying the revenue from the transactions listed in items (ii) through (viii) of the following paragraph by the number of months in the period for the former reserve rate and dividing the result by the number of months in the period during which the individual engaged in business in 1988, and the amount equivalent to 13/1,000 of the amount obtained by multiplying by 90 percent the amount calculated by multiplying the revenue from those transactions by the number of months obtained by deducting the number of months in the period for the former reserve rate from the number of months in the period during which the individual engaged in business in 1989 and dividing the result by the number of months in the period during which the individual engaged in business in 1988)".

With regard to the application of the provisions of Article 21, paragraph (1) of the New Act to income tax for tax year 1989, the phrase "22 percent of that revenue (for revenue from the transactions listed in item (iii) of the following paragraph" in that paragraph is deemed to be replaced with "25 percent of that revenue within the period from January 1, 1989 to March 31, 1989 (for revenue from the transactions listed in item (iii) of the following paragraph, 16 percent) and the amount equivalent to 22 percent of that revenue within the period from April 1, 1989 to December 31, 1989 (for revenue from the transactions listed in that item", and the phrase "the total of the amounts equivalent to" is deemed to be replaced with "the total of the amount equivalent to".

Unless otherwise provided, the provisions of Chapter III of the New Act apply to corporation tax for business years of a corporation (including an association or foundation without juridical personality prescribed in Article 2, item (viii) of the Corporation Tax Act (Act No. 34 of 1965); the same applies hereinafter) beginning on or after the Effective Date, and with regard to corporation tax for business years of a corporation that began before the Effective Date, the provisions then in force continue to govern.

①The provisions of Article 42-7 of the New Act (excluding item (iv) of the table in paragraph (1)) apply to business base strengthening equipment prescribed in paragraph (1) of that Article that a corporation acquires or manufactures, or leases, on or after the Effective Date and puts to use for its business, and with regard to cases where a corporation has put to use for its business business base strengthening equipment prescribed in Article 42-7, paragraph (1) of the Former Act that it acquired or manufactured, or leased, before the Effective Date, the provisions then in force continue to govern.

②The provisions of item (iv) of the table in Article 42-7, paragraph (1) of the New Act apply to business base strengthening equipment prescribed in that paragraph that a corporation acquires or manufactures, or leases, on or after the date on which the Act on Temporary Measures for Improving the Management of Specified Agricultural Product Processing Businesses comes into effect and puts to use for its business.

①The provisions of Article 43-2, paragraph (1) of the New Act apply to specified facilities prescribed in that paragraph that a corporation acquires or constructs on or after the Effective Date and puts to use for its business, and with regard to cases where a corporation has put to use for its business specified facilities prescribed in Article 43-2, paragraph (1) of the Former Act that it acquired or constructed before the Effective Date, the provisions then in force continue to govern.

②With regard to cases where a corporation has put to use for its business specified assets for development research prescribed in Article 43-4, paragraph (1) of the Former Act that it made an acquisition, etc. (meaning acquisition, or manufacture or construction; the same applies hereinafter in this Article) of on or before September 30, 1988, the provisions then in force continue to govern.

③With regard to the application of the provisions of Articles 42-4 through 42-7, Articles 44 through 45-2, Articles 46 through 49, Article 51, Article 52-2, Article 52-3, Article 64 (including as applied mutatis mutandis pursuant to Article 64-2, paragraph (6) and Article 65, paragraph (6) of the New Act), Article 65-7 (including as applied mutatis mutandis pursuant to Article 65-8, paragraph (7) of the New Act) and Article 67-4 of the New Act, and Article 42-8 of the Act on Special Measures Concerning Taxation as amended by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 13 of 1990) (referred to as "the 1990 New Act" in this paragraph), in the case where the provisions of the preceding paragraph apply, the phrase "or Article 51" in Article 42-4, paragraph (5), item (ii), Article 42-5, paragraphs (1) and (2), Article 42-6, paragraphs (1) and (2), and Article 42-7, paragraphs (1) and (2) of the New Act is deemed to be replaced with ", Article 51 or Article 10, paragraph (2) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "Article 43 through the preceding Article" in Article 44, paragraph (1), Article 44-2, paragraph (1), Article 44-3, paragraph (1), Article 44-4, paragraph (1), Article 44-5, paragraph (1), Article 45, paragraph (1), and Article 45-2, paragraphs (1) and (2) of the New Act is deemed to be replaced with "Article 43 through the preceding Article or Article 10, paragraph (2) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "or Article 51" in Article 46, paragraph (1) and Article 46-2, paragraph (1) of the New Act is deemed to be replaced with ", Article 51 or Article 10, paragraph (2) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "or the preceding paragraph" in Article 47, paragraph (2) of the New Act is deemed to be replaced with ", the preceding paragraph or Article 10, paragraph (2) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "through Article 45" in Article 48, paragraph (1) of the New Act is deemed to be replaced with "through Article 45 or Article 10, paragraph (2) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "through Article 45-2" in Article 49, paragraph (1) of the New Act is deemed to be replaced with "through Article 45-2 or Article 10, paragraph (2) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "or Articles 47 through 49" in Article 51, paragraph (2) of the New Act is deemed to be replaced with ", Articles 47 through 49 or Article 10, paragraph (2) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "or Article 51" in Article 52-2 and Article 52-3, paragraph (1) of the New Act is deemed to be replaced with ", Article 51 or Article 10, paragraph (2) of the Supplementary Provisions of the 1989 Amendment Act", the phrase "and Articles 47 through 51" in Article 64, paragraph (6), Article 65-7, paragraph (7) and Article 67-4, paragraph (6) of the New Act is deemed to be replaced with ", Articles 47 through 51 and Article 10, paragraph (2) of the Supplementary Provisions of the 1989 Amendment Act", and the phrase "Article 51" in Article 42-8, paragraph (1) of the 1990 New Act is deemed to be replaced with "Article 51 or Article 10, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 12 of 1989)".

④The provisions of Article 44, paragraph (1) of the New Act apply to earthquake disaster prevention assets prescribed in that paragraph that a corporation makes an acquisition, etc. of on or after the Effective Date and puts to use for its business, and with regard to cases where a corporation has put to use for its business earthquake disaster prevention assets prescribed in Article 44, paragraph (1) of the Former Act that it made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

⑤The provisions of Article 44-2, paragraph (1) of the New Act apply to high-technology industrial equipment prescribed in that paragraph that a corporation makes an acquisition, etc. of on or after the Effective Date and puts to use for its business, and with regard to cases where a corporation has put to use for its business high-technology industrial equipment prescribed in Article 44-2, paragraph (1) of the Former Act that it made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

⑥The provisions of Article 44-4 of the New Act (excluding item (iii) of the table in paragraph (1)) apply to industrial restructuring equipment, etc. prescribed in paragraph (1) of that Article that a corporation acquires or manufactures on or after the Effective Date and puts to use for its business, and with regard to cases where a corporation has put to use for its business industrial restructuring equipment, etc. prescribed in Article 44-4, paragraph (1) of the Former Act that it acquired or manufactured before the Effective Date, the provisions then in force continue to govern.

⑦The provisions of item (iii) of the table in Article 44-4, paragraph (1) of the New Act apply to industrial restructuring equipment, etc. prescribed in that paragraph that a corporation acquires or manufactures on or after the date on which the Act on Temporary Measures for Improving the Management of Specified Agricultural Product Processing Businesses comes into effect and puts to use for its business.

⑧The provisions of Article 45, paragraph (1) of the New Act apply to industrial machinery, etc. prescribed in that paragraph that a corporation makes an acquisition, etc. of on or after the Effective Date and puts to use for its business, and with regard to cases where a corporation has put to use for its business industrial machinery, etc. prescribed in Article 45, paragraph (1) of the Former Act that it made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

⑨The provisions of Article 45-2, paragraph (2) of the New Act apply to medical equipment, etc. prescribed in that paragraph that a corporation makes an acquisition, etc. of on or after the Effective Date and puts to use for its business, and with regard to cases where a corporation has put to use for its business medical equipment, etc. prescribed in Article 45-2, paragraph (2) of the Former Act that it made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

⑩With regard to the application of the provisions of Article 45-3, paragraph (1), item (ii) of the New Act up to the day before the date on which the Act on Temporary Measures for Improving the Management of Specified Agricultural Product Processing Businesses comes into effect, the phrase "item (v) of the table in Article 42-7, paragraph (1)" in that item is deemed to be replaced with "item (iv) of the table in Article 42-7, paragraph (1)".

⑪If a corporation prescribed in Article 45-3, paragraph (1) of the New Act has put specified office equipment prescribed in that paragraph that it acquired or manufactured during the period from March 1, 1989 to March 31, 1989 to use for its business during the period from April 1, 1989 to April 30, 1989, the provisions of that Article apply to that specified office equipment by deeming that the corporation acquired or manufactured it on April 1, 1989.

⑫The provisions of Article 46, paragraph (1) of the New Act (limited to the part concerning the depreciable assets specified in item (i) of that paragraph) apply to the depreciable assets specified in that item that are held by a member of a commercial and industrial association, etc. referred to in that item that obtains, on or after the Effective Date, the approval prescribed in that item for a small and medium sized enterprise structural improvement plan prescribed in that item, and with regard to the depreciable assets specified in Article 46, paragraph (1), item (i) of the Former Act that are held by a member of a commercial and industrial association, etc. referred to in that item that obtained, before the Effective Date, the approval prescribed in that item for a small and medium sized enterprise structural improvement plan prescribed in that item, the provisions then in force continue to govern.

⑬The provisions of Article 46, paragraph (1) of the New Act (limited to the part concerning the depreciable assets specified in item (ii) of that paragraph) apply to the depreciable assets specified in that item that are held by a member of a specified association referred to in that item that obtains, on or after the Effective Date, the approval prescribed in that item for a structural improvement project plan prescribed in that item, or by a member of a specified commercial and industrial association, etc. referred to in that item that obtains, on or after the Effective Date, the approval prescribed in that item for a structural improvement facilitation plan prescribed in that item, and with regard to the depreciable assets specified in Article 46, paragraph (1), item (ii) of the Former Act that are held by a member of a specified association referred to in that item that obtained, before the Effective Date, the approval prescribed in that item for a structural improvement project plan prescribed in that item, the provisions then in force continue to govern. In this case, with regard to the depreciable assets specified in Article 46, paragraph (1), item (ii) of the Former Act that are held by a member of a specified association referred to in that item that obtained, during the period from April 1, 1987 to March 31, 1989, the approval prescribed in that item for a structural improvement project plan prescribed in that item, the phrase "March 31, 1989" in paragraph (2) of that Article is deemed to be replaced with "June 30, 1989".

⑭The provisions of Article 46-2, paragraph (1) of the New Act apply to machinery and equipment, buildings for factory use and their associated facilities, and vehicles and transport equipment prescribed in that paragraph that a corporation makes an acquisition, etc. of on or after the Effective Date, and with regard to machinery and equipment, buildings for factory use and their associated facilities, and vehicles and transport equipment prescribed in Article 46-2, paragraph (1) of the Former Act that a corporation made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

⑮The provisions of Article 47, paragraphs (1) and (2) of the New Act apply to rental housing prescribed in paragraph (1) of that Article or specified redevelopment buildings, etc. prescribed in paragraph (2) of that Article that a corporation acquires or newly builds on or after the Effective Date, and with regard to rental housing prescribed in Article 47, paragraph (1) of the Former Act or specified redevelopment buildings, etc. prescribed in paragraph (2) of that Article that a corporation acquired or newly built before the Effective Date, the provisions then in force continue to govern.

⑯With regard to petroleum gas storage facilities listed in item (i) of the table in Article 48, paragraph (1) of the Former Act that a corporation listed in that item acquired or constructed before the Effective Date, and petroleum gas storage facilities listed in that item that the corporation acquires or constructs during the period from the Effective Date to March 31, 1992 based on a plan concerning the stockpiling of petroleum gas prescribed in Article 10-2, paragraph (1) of the Oil Stockpiling Act (Act No. 96 of 1975) for which notification was given before the Effective Date pursuant to the provisions of that paragraph (referred to as "petroleum gas storage facilities acquired on or after the Effective Date" in this paragraph), the provisions of Article 48 of the Former Act remain in force. In this case, with regard to the application of the provisions of paragraph (1) of that Article to petroleum gas storage facilities acquired on or after the Effective Date, the phrase "30 percent" in that paragraph is deemed to be replaced with "30 percent (20 percent for those acquired or constructed during the period from April 1, 1989 to March 31, 1990, 18 percent for those acquired or constructed during the period from April 1, 1990 to March 31, 1991, and 15 percent for those acquired or constructed during the period from April 1, 1991 to March 31, 1992)", and the phrase "March 31, 1989" is deemed to be replaced with "March 31, 1992".

⑰With regard to the application of the provisions of Article 46, Article 46-2, Article 52-2, Article 52-3, Article 61-3, Article 64 (including as applied mutatis mutandis pursuant to Article 64-2, paragraph (6) and Article 65, paragraph (6) of the 1994 New Act), Article 65-7 (including as applied mutatis mutandis pursuant to Article 65-8, paragraph (7) of the 1994 New Act) and Article 67-4 of the Act on Special Measures Concerning Taxation as amended by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 22 of 1994) (hereinafter referred to as "the 1994 New Act") in the case where the provisions of the preceding paragraph apply, the phrase "through Article 49" in Article 46, paragraph (1) of the 1994 New Act is deemed to be replaced with "through Article 49, or Article 48 of the Act on Special Measures Concerning Taxation prior to the amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 12 of 1989; hereinafter referred to as "the 1989 Amendment Act"), which remains in force pursuant to the provisions of Article 10, paragraph (16) of the Supplementary Provisions of the 1989 Amendment Act (hereinafter referred to as "Article 48 of the 1989 Former Act")", the phrase "through Article 49" in Article 46-2, paragraph (1) of the 1994 New Act is deemed to be replaced with "through Article 49, or Article 48 of the 1989 Former Act", the phrase "or Articles 43 through 49" in Article 52-2, paragraph (1) of the 1994 New Act is deemed to be replaced with "or Articles 43 through 49, or Article 48 of the 1989 Former Act", the phrase "or Articles 43 through 49" in paragraph (2) of that Article is deemed to be replaced with "or Articles 43 through 49, or Article 48 of the 1989 Former Act", the phrase "or Articles 46 through 49" is deemed to be replaced with "or Articles 46 through 49, or Article 48 of the 1989 Former Act", the phrase "or Articles 43 through 49" in paragraph (3) of that Article and Article 52-3, paragraph (1) of the 1994 New Act is deemed to be replaced with "or Articles 43 through 49, or Article 48 of the 1989 Former Act", the phrase "or Articles 46 through 49" in paragraph (3) of that Article is deemed to be replaced with "or Articles 46 through 49, or Article 48 of the 1989 Former Act", and the phrase "through Article 50" in Article 61-3, paragraph (4), Article 64, paragraph (6), Article 65-7, paragraph (7) and Article 67-4, paragraph (6) of the 1994 New Act is deemed to be replaced with "through Article 50, and Article 48 of the 1989 Former Act".

⑱The provisions of Article 52, paragraph (1), item (iii) of the New Act apply to contributions specified in that item that a corporation pays on or after the date on which the Textile Industry Structural Improvement Act Amendment Act comes into effect, and with regard to contributions specified in Article 52, paragraph (1), item (iii) of the Former Act that a corporation paid before that date, the provisions then in force continue to govern.

⑲The provisions of Article 52, paragraph (1), item (viii) of the New Act apply to contributions specified in that item that a corporation pays on or after the date on which the Act on Temporary Measures for Improving the Management of Specified Agricultural Product Processing Businesses comes into effect.

①The provisions of Article 54 of the New Act apply to the reserve for overseas market development by small and medium sized enterprises, etc. set aside in business years of a corporation ending on or after the Effective Date, and with regard to the amount of the reserve for overseas market development by small and medium sized enterprises, etc. set aside in business years of a corporation that ended before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of that Article for business years of a corporation prescribed in paragraph (1) of that Article ending during the period from the Effective Date to March 31, 1990, the phrase "80 percent" in that paragraph is deemed to be replaced with "90 percent", the phrase "83 percent" is deemed to be replaced with "93 percent", the phrase "85 percent" is deemed to be replaced with "95 percent", and the phrase "88 percent" is deemed to be replaced with "98 percent".

②In the case referred to in the preceding paragraph, with regard to the application of the provisions of Article 54 of the New Act for a business year of a corporation prescribed in paragraph (1) of that Article that began before the Effective Date and ends on or after the Effective Date, notwithstanding the provisions of the second sentence of the preceding paragraph, the phrase "amount calculated by dividing" in paragraph (1) of that Article is deemed to be replaced with "amount calculated by dividing (for a business year that began before the date on which the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 12 of 1989) comes into effect and ends on or after that date, the amount obtained by adding, to the total of the amount equivalent to 1.76/1,000 (10.4/1,000 for a corporation whose amount of capital or amount of contributions is 100 million yen or less at the end of that business year, or a corporation that has no capital or contributions (referred to as a "small or medium-sized corporation" in this paragraph)) of the amount calculated by multiplying the revenue from the transactions listed in item (i) of the following paragraph by the number of months in the period from the first day of that business year to March 31, 1989 (referred to as the "designated period for the former reserve rate" in this paragraph) and dividing the result by the number of months in that base year, and the amount equivalent to 1.6/1,000 (10/1,000 for a small or medium-sized corporation) of the amount obtained by multiplying by 90 percent (93 percent where the ratio of the total amount of consideration for import transactions of goods in that business year to the total amount of consideration for import transactions of goods in the base year is 110 percent or more and less than 120 percent, 95 percent where that ratio is 120 percent or more and less than 130 percent, and 98 percent where that ratio is 130 percent or more; the same applies hereinafter in this paragraph) the amount calculated by multiplying the revenue from those transactions by the number of months obtained by deducting the number of months in the designated period for the former reserve rate from the number of months in that business year and dividing the result by the number of months in that base year, the total of the amount equivalent to 2.44/1,000 (14.1/1,000 for a small or medium-sized corporation) of the amount calculated by multiplying the revenue from the transactions listed in items (ii) through (viii) of the following paragraph by the number of months in the designated period for the former reserve rate and dividing the result by the number of months in that base year, and the amount equivalent to 2.2/1,000 (13/1,000 for a small or medium-sized corporation) of the amount obtained by multiplying by 90 percent the amount calculated by multiplying the revenue from those transactions by the number of months obtained by deducting the number of months in the designated period for the former reserve rate from the number of months in that business year and dividing the result by the number of months in that base year)".

③The provisions of Article 55 of the New Act (excluding paragraph (10)) apply to specified shares, etc. prescribed in paragraph (1) of that Article that a corporation acquires on or after the Effective Date, and with regard to specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act that a corporation acquired before the Effective Date, the provisions then in force continue to govern, except in the case specified in the following paragraph. In this case, with regard to specified shares, etc. prescribed in Article 55, paragraph (1) of the New Act pertaining to a corporation listed in item (i) or (ii) of the table in that paragraph that a domestic corporation prescribed in that paragraph (excluding a corporation that falls under the category of small and medium sized enterprise prescribed in that paragraph) acquires during the period from the Effective Date to March 31, 1990, the provisions of that Article apply with the phrase "that business year (for specified shares, etc. of a corporation listed in the left-hand column of item (i) or (ii) of that table, limited to that business year in the case where that domestic corporation falls under the category of small and medium sized enterprise prescribed in Article 42-4, paragraph (3) at the end of the business year)" in that paragraph deemed to be replaced with "that business year", and the phrase "15 percent" in items (i) and (ii) of the table in that paragraph deemed to be replaced with "8 percent".

④If a corporation acquired specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act before the Effective Date and, on or after the Effective Date, comes to fall under any of the cases listed in the items of Article 55, paragraph (4) of the New Act, the same rules as in the provisions of that paragraph apply.

⑤With regard to the application of the provisions of Article 56-4 of the New Act for business years of a corporation beginning during the period from the Effective Date to March 31, 1990, the phrase "the total of those pertaining to the special agreement" in paragraph (1) of that Article is deemed to be replaced with "the total of those pertaining to the special agreement (where the corporation sells computers both to that specified computer leasing company and to other persons engaged in the business of leasing computers, the amount obtained by adding the amount equivalent to one-half of the total of the revenue from the sale of computers to those other persons engaged in the business of leasing computers that pertains to that special agreement)", the phrase "specified computer leasing company" in paragraph (3) of that Article is deemed to be replaced with "specified computer leasing company or a person engaged in the business of leasing computers prescribed in that paragraph", and the phrase "its request" is deemed to be replaced with "the request of those persons".

⑥With regard to the inclusion in gross profit of the amount of the reserve for losses on computer buybacks referred to in Article 56-4, paragraph (1) of the Former Act that a corporation set aside in business years beginning before April 1, 1990 and that pertains to computers sold to persons engaged in the business of leasing computers prescribed in that paragraph, the provisions then in force continue to govern.

⑦With regard to the inclusion in gross profit of the amount of the reserve for abnormal risks that a corporation prescribed in Article 57-5, paragraph (1) of the Former Act set aside pursuant to the provisions of that paragraph in business years beginning before the Effective Date, the provisions then in force continue to govern.

⑧With regard to the reserve for abnormal risks set aside in business years of a corporation prescribed in Article 57-5, paragraph (1) of the Former Act beginning during the period from the Effective Date to March 31, 1990, the provisions of that Article remain in force. In this case, the phrase "amount obtained by deducting" in that paragraph is deemed to be replaced with "amount equivalent to 60 percent of the amount obtained by deducting".

The provisions of Article 58, paragraph (1) of the New Act apply to corporation tax on income for business years of a corporation ending on or after the Effective Date, and with regard to corporation tax on income for business years of a corporation that ended before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of that paragraph in the case where a corporation has revenue from overseas transactions involving technology, etc. prescribed in that paragraph in a business year that began before the Effective Date and ends on or after the Effective Date, the phrase "22 percent of that revenue (for revenue from the transactions listed in item (iii) of the following paragraph" in that paragraph is deemed to be replaced with "25 percent of that revenue within the period from the first day of that business year to March 31, 1989 (for revenue from the transactions listed in item (iii) of the following paragraph, 16 percent) and the amount equivalent to 22 percent of that revenue within the period from April 1 of that year to the end of the business year (for revenue from the transactions listed in that item", and the phrase "the total of the amounts equivalent to" is deemed to be replaced with "the total of the amount equivalent to".

①The provisions of Article 66-10, paragraph (1), item (iii) of the New Act apply to fixed assets specified in that item that a specified association or a specified commercial and industrial association, etc. listed in that item acquires or manufactures on or after the date on which the Textile Industry Structural Improvement Act Amendment Act comes into effect, and with regard to fixed assets specified in Article 66-10, paragraph (1), item (iii) of the Former Act that a specified association listed in that item acquired or manufactured before that date, the provisions then in force continue to govern.

②The provisions of Article 66-10, paragraph (1), item (viii) of the New Act apply to fixed assets specified in that item that a specified business cooperative, etc. listed in that item acquires or manufactures on or after the date on which the Act on Temporary Measures for Improving the Management of Specified Agricultural Product Processing Businesses comes into effect.

The provisions of Article 66-11 of the New Act apply to contributions prescribed in that Article that a corporation pays on or after the Effective Date, and with regard to contributions prescribed in Article 66-11 of the Former Act that a corporation paid before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 66-13, paragraph (1) of the New Act apply to the amount of loss due to equipment disposal prescribed in that paragraph pertaining to the disposal of equipment that a corporation carries out on or after the Effective Date, and with regard to the amount of loss due to equipment disposal prescribed in Article 66-13, paragraph (1) of the Former Act pertaining to the disposal of equipment that a corporation carried out before the Effective Date, the provisions then in force continue to govern.

①The provisions of Article 77-3 of the New Act apply to registration and license tax on the registration of transfer of ownership of land prescribed in those provisions that is acquired on or after the Effective Date through consultation, conciliation or mediation prescribed in item (i) of that Article or through a project for promoting the establishment of use rights, etc. prescribed in item (ii) of that Article, and with regard to registration and license tax on the registration of transfer of ownership of land prescribed in those provisions that was acquired before the Effective Date through consultation, conciliation or mediation prescribed in Article 77-3, item (i) of the Former Act or through a project for promoting the establishment of use rights, etc. prescribed in item (ii) of that Article, the provisions then in force continue to govern.

②The provisions of Article 77-4, paragraph (2) of the New Act apply to registration and license tax on the registration of transfer of ownership of land that a member of an agricultural and residential land cooperative prescribed in that paragraph acquires on or after the Effective Date through exchange and consolidation prescribed in that paragraph, and with regard to registration and license tax on the registration of transfer of ownership of land that the member acquired before the Effective Date through exchange and consolidation prescribed in Article 77-4, paragraph (2) of the Former Act, the provisions then in force continue to govern.

③The provisions of Article 78-2 of the New Act apply to registration and license tax on the registration of transfer of ownership of land referred to in that Article for which a production forestry cooperative or an agricultural production corporation prescribed in that Article receives the capital contribution prescribed in that Article on or after the Effective Date, and with regard to registration and license tax on the registration of the transfer or creation of ownership, superficies rights, farming rights or rights of lease concerning land referred to in Article 78-2 of the Former Act for which a production forestry cooperative or an agricultural production corporation prescribed in that Article received the capital contribution prescribed in that Article before the Effective Date, the provisions then in force continue to govern.

④The provisions of Article 81, paragraph (2), item (iii) of the New Act apply to registration and license tax on the registration of the matters listed in that item pertaining to an approval prescribed in that paragraph that is given on or after the Effective Date, and with regard to registration and license tax on the registration of the matters listed in Article 81, paragraph (2), item (iii) of the Former Act pertaining to an approval prescribed in that paragraph that was given before the Effective Date and of the matters listed in the items of that paragraph pertaining to a certification prescribed in that paragraph, the provisions then in force continue to govern.

⑤The provisions of Article 82 of the New Act apply to registration and license tax on the registration of the matters listed in the items of that Article concerning land or buildings prescribed in that Article that are acquired on or after the Effective Date, and with regard to registration and license tax on the registration of the matters listed in the items of Article 82 of the Former Act concerning land or buildings prescribed in that Article that were acquired before the Effective Date, the provisions then in force continue to govern.