This Act comes into effect on April 1, 1992; 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 1992 and subsequent years, and with regard to income tax for 1991 and earlier years, the provisions then in force continue to govern.

①With regard to income tax in the case where an individual prescribed in Article 10-2, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment (hereinafter referred to as the "Former Act") has put energy environment change response equipment prescribed in that paragraph that the individual acquired, manufactured or constructed before the date on which this Act comes into effect (hereinafter referred to as the "Effective Date") to use for the business prescribed in that paragraph, the provisions of that Article remain in force. In this case, the phrase "the following Article" in paragraph (1) of that Article is deemed to be replaced with "Article 10-3 of the Act on Special Measures Concerning Taxation as amended by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 10 of 1993) (hereinafter referred to as the "1993 New Act")", the phrase "Article 13-2" with "Article 13-3", the phrase "the following Article" in paragraph (3) of that Article with "Article 10-3 of the 1993 New Act", the phrase "Article 13-2" with "Article 13-3", the phrase "if there is an amount to be deducted, that amount" in paragraph (4) of that Article with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of income tax on the amount of gross income for that year pursuant to the provisions of Article 10-2, paragraph (3) of the 1993 New Act or Article 10-2, paragraph (4) 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. 13 of 1990; hereinafter referred to as the "1990 Amendment Act"), which remains in force pursuant to the provisions of Article 3, paragraph (1) of the Supplementary Provisions of the 1990 Amendment Act, those amounts", and the phrase "Article 10-2, paragraph (3) of the Act on Special Measures Concerning Taxation" in paragraph (9) of that Article with "Article 10-2, paragraph (3) 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. 14 of 1992), which remains in force pursuant to the provisions of Article 3, paragraph (1) of the Supplementary Provisions of that Act".

②With regard to the application of the provisions of Article 10, Article 10-2, Article 28-3, Article 33-6 or Article 37-3 (including as applied mutatis mutandis pursuant to Article 37-5, paragraph (2) of the 1993 New Act) of the 1993 New Act in the case where the provisions of the preceding paragraph apply, the phrase "or Article 16" in Article 10, paragraph (6), item (ii) of the 1993 New Act is deemed to be replaced with ", Article 16 or Article 10-2 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. 14 of 1992; hereinafter referred to as the "1992 Amendment Act"), which remains in force pursuant to the provisions of Article 3, paragraph (1) of the Supplementary Provisions of the 1992 Amendment Act", the phrase "exceeding the amount equivalent to 20 percent" in Article 10-2, paragraph (3) of the 1993 New Act with "exceeding the amount equivalent to 20 percent (if there is an amount to be deducted from the amount of income tax on the amount of gross income for that year pursuant to the provisions of Article 10-2, paragraph (3) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 3, paragraph (1) of the Supplementary Provisions of the 1992 Amendment Act, the amount remaining after deducting that amount)", the phrase "if there is an amount to be deducted, that amount" in paragraph (4) of that Article with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of income tax on the amount of gross income for that year pursuant to the provisions of Article 10-2, paragraph (3) or (4) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 3, paragraph (1) of the Supplementary Provisions of the 1992 Amendment Act, those amounts", and the phrase "through Article 16" in Article 28-3, paragraph (11), Article 33-6, paragraph (2) and Article 37-3, paragraph (3) of the 1993 New Act with "through Article 16 and Article 10-2 of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 3, paragraph (1) of the Supplementary Provisions of the 1992 Amendment Act".

①With regard to business base strengthening equipment under paragraph (1) of Article 10-4 of the Former Act that is listed in the middle column of item (i) or (ii) of the table in that paragraph and that an individual acquired, manufactured or leased before the Effective Date, the provisions then in force continue to govern.

②With regard to business base strengthening equipment under Article 10-4, paragraph (1) of the Former Act that is listed in the middle column of item (ii) of the table in that paragraph and that an individual listed in the left-hand column of item (i) or (ii) of that table, being an individual who has received, by February 24, 1993, the approval referred to in Article 3, paragraph (1) of the Act on Temporary Measures for Business Conversion, etc. of Specified Small and Medium-Sized Enterprises (Act No. 4 of 1986) for a business conversion plan prescribed in that paragraph, acquired, manufactured or leased within the period from the Effective Date to March 31, 1993, the provisions of that Article (limited to the part concerning that item) remain in force. In this case, the phrase "paragraph (1) of the following Article" in that paragraph is deemed to be replaced with "Article 10-4 and Article 10-5, paragraph (1) of the 1992 New Act", the phrase "among those, one listed in item (iii) of that paragraph that" in the left-hand column of that item with "among those, one that", the phrase "individual (excluding a person who falls under the individual listed in the preceding item)" with "individual", the phrase "belonging to an industry other than a designated industry" in the right-hand column of that item with "to be carried out through the business conversion specified in that business conversion plan", the phrase "paragraph (1) of the following Article" in paragraph (3) of that Article with "Article 10-4 and Article 10-5, paragraph (1) of the 1992 New Act", the phrase "if there is an amount to be deducted, that amount" in paragraph (4) of that Article with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of income tax on the amount of gross income for that year pursuant to the provisions of Article 10-4, paragraph (3) of the 1992 New Act, those amounts", the phrase "if there is an amount to be deducted, that amount" in paragraph (5) of that Article with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of income tax on the amount of gross income for that year pursuant to the provisions of Article 10-4, paragraph (3) or (4) of the 1992 New Act, those amounts", the phrase "Article 10-4, paragraphs (3) through (5) of the Act on Special Measures Concerning Taxation" in paragraph (10) of that Article with "Article 10-4, paragraphs (3) through (5) 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. 14 of 1992), which remain in force pursuant to the provisions of Article 4, paragraph (2) of the Supplementary Provisions of that Act", and the phrase "Article 10-4, paragraph (11) of the Act on Special Measures Concerning Taxation" in paragraph (14) of that Article with "Article 10-4, paragraph (11) 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. 14 of 1992), which remains in force pursuant to the provisions of Article 4, paragraph (2) of the Supplementary Provisions of that Act".

③With regard to the application of the provisions of Articles 10 through 10-4, Article 28-3, Article 33-6 or 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 10-4 of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 4, paragraph (2) of the Supplementary Provisions of the 1992 Amendment Act (referred to as "Article 10-4 of the 1992 Former Act" in the following Article through Article 37-3)", the phrase "or Article 16" in Article 10-2, paragraphs (1) and (3) and Article 10-3, paragraphs (1) and (3) of the New Act with ", Article 16 or Article 10-4 of the 1992 Former Act", the phrase "exceeding the amount equivalent to 20 percent" in Article 10-4, paragraph (3) of the New Act with "exceeding the amount equivalent to 20 percent (if there is an amount to be deducted from the amount of income tax on the amount of gross income for that year pursuant to the provisions of Article 10-4, paragraph (3) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 4, paragraph (2) of the Supplementary Provisions of the 1992 Amendment Act, the amount remaining after deducting that amount)", the phrase "if there is an amount to be deducted, that amount" in paragraph (4) of that Article with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of income tax on the amount of gross income for that year pursuant to the provisions of Article 10-4, paragraph (3) or (4) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 4, paragraph (2) of the Supplementary Provisions of the 1992 Amendment Act, those amounts", the phrase "if there is an amount to be deducted, that amount" in paragraph (5) of that Article with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of income tax on the amount of gross income for that year pursuant to the provisions of Article 10-4, paragraphs (3) through (5) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remain in force pursuant to the provisions of Article 4, paragraph (2) of the Supplementary Provisions of the 1992 Amendment Act, those amounts", and the phrase "through Article 16" in Article 28-3, paragraph (11), Article 33-6, paragraph (2) and Article 37-3, paragraph (3) of the New Act with "through Article 16 and Article 10-4 of the 1992 Former Act".

④The provisions of Article 10-4, paragraph (1), items (i) through (iii) of the New Act apply to business base strengthening equipment prescribed in that paragraph that an individual listed in those provisions acquires, manufactures or leases on or after the Effective Date, and with regard to business base strengthening equipment prescribed in Article 10-4, paragraph (1) of the Former Act that an individual listed in the left-hand column of items (iii) through (v) of the table in that paragraph acquired, manufactured or leased before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of Article 10-4 of the New Act to business base strengthening equipment prescribed in paragraph (1) of that Article that an individual listed in items (i) through (iii) of that paragraph acquires, manufactures or leases during the period from the Effective Date to February 24, 1993, the phrase "excluding the case where it is put to use for leasing" in that paragraph is deemed to be replaced with "excluding the case where it is put to use for leasing or for a business belonging to a designated industry (meaning an industry designated pursuant to the provisions of Article 2, paragraph (2), item (i) of the Act on Temporary Measures for Business Conversion, etc. of Specified Small and Medium-Sized Enterprises (Act No. 4 of 1986) or an industry designated with a limitation to an area pursuant to the provisions of item (ii) of that paragraph; the same applies hereinafter in this paragraph), and including, for an individual specified by Cabinet Order as a person actually operating a business belonging to a designated industry, the case where it is put to use for a business belonging to that designated industry".

⑤The provisions of Article 10-4, paragraph (1), item (iv) 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 the Revitalization of Specified Small and Medium-Sized Enterprise Agglomerations comes into effect. In this case, the provisions of the second sentence of the preceding paragraph apply mutatis mutandis to that business base strengthening equipment that the individual acquires, manufactures or leases during the period from that date to February 24, 1993.

①The provisions of item (i) of the table in Article 11, paragraph (1) of the New Act apply to depreciable assets listed in that item of which an individual makes an acquisition, etc. (meaning acquisition, manufacture or construction; the same applies hereinafter in this Article) on or after the Effective Date, and with regard to depreciable assets listed in item (i) of the table in Article 11, paragraph (1) of the Former Act of which an individual made an acquisition, etc. before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 12, paragraph (1) of the New Act apply to industrial machinery, etc. prescribed in that paragraph of which an individual makes an acquisition, etc. on or after the Effective Date, and with regard to industrial machinery, etc. prescribed in Article 12, paragraph (1) of the Former Act of which an individual made an acquisition, etc. before the Effective Date, the provisions then in force continue to govern.

③The provisions of Article 12-2, paragraph (2) of the New Act apply to medical equipment, etc. prescribed in that paragraph of which an individual makes an acquisition, etc. on or after the Effective Date, and with regard to medical equipment, etc. prescribed in Article 12-2, paragraph (2) of the Former Act of which an individual made an acquisition, etc. before the Effective Date, the provisions then in force continue to govern.

④The provisions of Article 14 of the New Act apply to rental housing prescribed in paragraph (1) 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 that an individual acquired or newly built before the Effective Date, the provisions then in force continue to govern.

⑤The provisions of Article 15, paragraph (1) of the New Act apply to warehouse buildings, etc. prescribed in that paragraph that an individual acquires or constructs on or after the Effective Date, and with regard to warehouse buildings, etc. prescribed in Article 15, paragraph (1) of the Former Act that an individual acquired or constructed before the Effective Date, the provisions then in force continue to govern.

⑥The provisions of Article 17 of the New Act apply to depreciable assets prescribed in that Article of which an individual makes an acquisition, etc. on or after the Effective Date, and with regard to depreciable assets prescribed in Article 17 of the Former Act of which an individual made an acquisition, etc. before the Effective Date, the provisions then in force continue to govern.

⑦With regard to contributions specified in Article 18, paragraph (1), item (v) of the Former Act that an individual paid, by February 24, 1993, to a corporation listed in that item, the provisions of that Article remain in force.

With regard to the application of the provisions of Article 21, paragraph (1) of the New Act to income tax for 1992, the phrase "8 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 "12 percent of that revenue within the period from January 1, 1992 to March 31 of that year (for revenue from the transactions listed in item (iii) of the following paragraph, 16 percent) and the amount equivalent to 8 percent of that revenue within the period from April 1 to December 31 of that 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 25-2 of the New Act apply to income tax for 1993 and subsequent years. In this case, with regard to income tax for each year from 1993 to 2004, the phrase "limited to the case" in paragraph (3) of that Article is deemed to be replaced with "limited to the case, or the case specified by Order of the Ministry of Finance as a case where the details of those transactions are recorded by a simplified method of recording and with simplified entries", and the phrase "550,000 yen" in item (i) of that paragraph with "550,000 yen (or 450,000 yen in the case specified by Order of the Ministry of Finance as a case where the details of those transactions are recorded by a simplified method of recording and with simplified entries)".

②With regard to the amount of the blue return deduction prescribed in Article 25-3, paragraph (1) of the Former Act for income tax for 1992 and earlier years, the provisions then in force continue to govern.

①With regard to income tax for 1992 and earlier years of a resident prescribed in Article 25-2, paragraph (1) of the Former Act who has made the election referred to in that paragraph, the provisions then in force continue to govern.

②With regard to the application of the provisions of Article 25-2 of the Former Act to income tax for 1992, the phrase "who operates" in paragraph (1) of that Article is deemed to be replaced with "who operates (excluding a person who newly commenced that business on or after April 1, 1992)", the phrase "1993" with "1992", and the phrase "1993" in paragraph (4) of that Article with "1992".

③The calculation of the amount of income tax for 1993 and subsequent years of a resident referred to in paragraph (1) who received the application of the provisions of Article 25-2 of the Former Act for income tax for 1992 or earlier years, and other necessary transitional measures, are specified by Cabinet Order.

①The provisions of Article 31-2, paragraph (2), item (i) of the New Act apply to a transfer that falls under a transfer for a superior residential area, etc. prescribed in paragraph (1) of that Article and that an individual makes on or after the Effective Date, and with regard to a transfer that falls under a transfer for a superior residential area, etc. prescribed in Article 31-2, paragraph (1) of the Former Act and that an individual made before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 34-3, paragraph (2), items (iv) and (v) of the New Act apply to a transfer of land, etc. prescribed in paragraph (1) of that Article that an individual makes on or after the Effective Date, and with regard to a transfer of land, etc. prescribed in Article 34-3, paragraph (1) of the Former Act that an individual made before the Effective Date, the provisions then in force continue to govern.

③The provisions of Article 37, paragraph (1) and Article 37-3, paragraph (2), item (i) of the New Act apply to a transfer of assets listed in the left-hand column of item (xv) of the table in Article 37, paragraph (1) of the New Act that an individual makes on or after the Effective Date.

The provisions of Article 37-10, paragraph (3), item (iv) of the New Act apply to a transfer of shares, etc. prescribed in paragraph (1) of that Article that an individual makes on or after the Effective Date.

The provisions of Article 37-11, paragraph (1), item (iii) and paragraph (4), item (ii) of the New Act apply to a transfer of listed shares, etc. prescribed in paragraph (1) of that Article that is made on or after the Effective Date, and with regard to a transfer of listed shares, etc. prescribed in Article 37-11, paragraph (1) of the Former Act that was made before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 37-13, paragraph (1), item (i), paragraph (3) and paragraph (4) of the New Act apply to a transfer of public and corporate bonds prescribed in that item, or an exchange prescribed in paragraph (3) of that Article, that an individual makes on or after the Effective Date.

With regard to a transfer of assets prescribed in Article 40-2 of the Former Act that an individual made before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 40-4 of the New Act apply to the amount of applicable retained income prescribed in paragraph (1) of that Article for a business year of a specified foreign subsidiary, etc. prescribed in that paragraph ending on or after the Effective Date, and with regard to the amount of applicable retained income prescribed in Article 40-4, paragraph (1) of the Former Act for a business year of a specified foreign subsidiary, etc. prescribed in that paragraph that ended before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 41-2 of the New Act apply to the case where a resident submits the return prescribed in paragraph (1) of that Article on or after the Effective Date, and with regard to the case where a resident submitted the return prescribed in Article 41-2, paragraph (1) of the Former Act before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 41-12, paragraph (7) of the New Act apply to profit from redemption prescribed in paragraph (8) of that Article that a foreign corporation receives as payment on discount bonds prescribed in that paragraph that are issued on or after the Effective Date, and with regard to profit from redemption prescribed in that paragraph that a foreign corporation receives as payment on discount bonds prescribed in Article 41-12, paragraph (7) of the Former Act that were issued before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 42 of the New Act apply to remuneration for the provision of services by entertainers, etc. prescribed in paragraph (1) of that Article that pertains to a business whose principal content is the provision of services by entertainers, etc. prescribed in that paragraph and that a tax-exempt entertainment corporation, etc. prescribed in that paragraph carries out on or after the Effective Date, being remuneration that the tax-exempt entertainment corporation, etc. pays on or after the Effective Date.

Unless otherwise provided for, 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) commencing on or after the Effective Date, and with regard to corporation tax for business years of a corporation that commenced before the Effective Date, the provisions then in force continue to govern.

①With regard to corporation tax in the case where a corporation prescribed in Article 42-5, paragraph (1) of the Former Act has put energy environment change response equipment, etc. prescribed in that paragraph that it acquired, manufactured or constructed before the Effective Date to use for the business prescribed in that paragraph, the provisions of that Article remain in force. In this case, the phrase "the preceding Article, paragraphs (2) through (4) and paragraph (6) of the following Article" in paragraph (2) of that Article is deemed to be replaced with "Article 42-4, Article 42-5, paragraphs (2) and (3), and Article 42-6, paragraphs (2) through (4) and paragraph (6) 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")", the phrase "if there is an amount to be deducted, that amount" in paragraph (3) of that Article with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of corporation tax on income for that business year pursuant to the provisions of Article 42-5, paragraph (2) of the 1994 New Act, those amounts", the phrase "or Article 42-5, paragraph (2) of the Act on Special Measures Concerning Taxation" in paragraph (8) of that Article with "or Article 42-5, paragraph (2) 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. 14 of 1992; hereinafter referred to as the "1992 Amendment Act"), which remains in force pursuant to the provisions of Article 19, paragraph (1) of the Supplementary Provisions of the 1992 Amendment Act", and the phrase "and Article 42-5, paragraph (2) of the Act on Special Measures Concerning Taxation" with "and Article 42-5, paragraph (2) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 19, paragraph (1) of the Supplementary Provisions of the 1992 Amendment Act".

②With regard to the application of the provisions of Articles 42-4 through 42-8, Article 52-2, Article 52-3, Article 62 and Article 62-3 (including as applied mutatis mutandis pursuant to Article 63, paragraph (5) and Article 63-2, paragraph (6) of the 1994 New Act) of the 1994 New Act in the case where the provisions of the preceding paragraph apply, the phrase "Article 68-2" in Article 42-4, paragraph (1) of the 1994 New Act is deemed to be replaced with "Article 68-2, and Article 42-5, paragraph (3) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 19, paragraph (1) of the Supplementary Provisions of the 1992 Amendment Act (referred to as 'Article 42-5, paragraph (3) of the 1992 Former Act' in the following Article through Article 42-8)", the phrase "Article 68-2" in Article 42-5, paragraph (2) of the 1994 New Act with "Article 68-2, and Article 42-5, paragraph (3) of the 1992 Former Act", the phrase "if there is an amount to be deducted, that amount" in paragraph (3) of that Article with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of corporation tax on income for that business year pursuant to the provisions of Article 42-5, paragraph (3) of the 1992 Former Act, those amounts", the phrase "Article 68-2" in Article 42-6, paragraph (2), Article 42-7, paragraph (2) and Article 42-8, paragraph (2) of the 1994 New Act with "Article 68-2, and Article 42-5, paragraph (3) of the 1992 Former Act", the phrase "or Articles 43 through 49" in Article 52-2, paragraph (1) of the 1994 New Act with ", Articles 43 through 49 or Article 42-5, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 19, paragraph (1) of the Supplementary Provisions of the 1992 Amendment Act (hereinafter referred to as 'Article 42-5, paragraph (1) of the 1992 Former Act' in this Article and the following Article)", the phrase "or Articles 43 through 49" in paragraphs (2) and (3) of that Article and Article 52-3, paragraph (1) of the 1994 New Act with ", Articles 43 through 49 or Article 42-5, paragraph (1) of the 1992 Former Act", Article 62, paragraph (6), item (ii) of the 1994 New Act is deemed to further provide that, with regard to the application of the provisions of Article 42-5 of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 19, paragraph (1) of the Supplementary Provisions of the 1992 Amendment Act, the phrase "and Article 68-2" in paragraph (2) of that Article is deemed to be replaced with ", Article 62 and Article 68-2", and Article 62-3, paragraph (11), item (ii) of the 1994 New Act is deemed to further provide that, with regard to the application of the provisions of Article 42-5 of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 19, paragraph (1) of the Supplementary Provisions of the 1992 Amendment Act, the phrase "and Article 68-2" in paragraph (2) of that Article is deemed to be replaced with ", Article 62-3 and Article 68-2".

①With regard to business base strengthening equipment under Article 42-7, paragraph (1) of the Former Act that is listed in the middle column of item (i) or (ii) of the table in that paragraph and that a corporation acquired, manufactured or leased before the Effective Date, the provisions then in force continue to govern.

②With regard to business base strengthening equipment under Article 42-7, paragraph (1) of the Former Act that a corporation listed in the left-hand column of item (i) or (ii) of the table in that paragraph, being a corporation that has received, by February 24, 1993, the approval referred to in Article 3, paragraph (1) of the Act on Temporary Measures for Business Conversion, etc. of Specified Small and Medium-Sized Enterprises for a business conversion plan prescribed in that paragraph, acquired, manufactured or leased within the period from the Effective Date to March 31 of that year, and that is listed in the middle column of that item, the provisions of that Article (limited to the part concerning that item) remain in force. In this case, the phrase "among those, one listed in item (iii) of that paragraph that" in the left-hand column of that item is deemed to be replaced with "among those, one that", the phrase "corporation (excluding a person who falls under the corporation listed in the preceding item)" with "corporation", the phrase "belonging to an industry other than a designated industry" in the right-hand column of that item with "to be carried out through the business conversion specified in that business conversion plan", the phrase "Article 42-4" in paragraph (2) of that Article with "Article 42-4 of the 1994 New Act", the phrase "paragraph (2) of the preceding Article" with "Article 42-6, paragraph (2)", the phrase "paragraph (2) of the following Article" with "Article 42-7, paragraphs (2) through (4) and paragraph (6), and Article 42-8, paragraph (2)", the phrase "if there is an amount to be deducted, that amount" in paragraph (4) of that Article with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of corporation tax on income for that business year pursuant to the provisions of Article 42-7, paragraph (2) or (3) of the 1994 New Act, those amounts", the phrase "or Article 42-7, paragraphs (2) through (4) of the Act on Special Measures Concerning Taxation" in paragraph (11) of that Article with "or Article 42-7, paragraphs (2) through (4) 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. 14 of 1992; hereinafter referred to as the "1992 Amendment Act"), which remain in force pursuant to the provisions of Article 20, paragraph (2) of the Supplementary Provisions of the 1992 Amendment Act", the phrase "and Article 42-7, paragraphs (2) through (4) of the Act on Special Measures Concerning Taxation" with "and Article 42-7, paragraphs (2) through (4) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remain in force pursuant to the provisions of Article 20, paragraph (2) of the Supplementary Provisions of the 1992 Amendment Act", and the phrase "Article 42-7, paragraph (6) of the Act on Special Measures Concerning Taxation" in paragraph (12) of that Article with "Article 42-7, paragraph (6) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 20, paragraph (2) of the Supplementary Provisions of the 1992 Amendment Act".

③With regard to the application of the provisions of Articles 42-4 through 42-8, Article 52-2, Article 52-3, Article 62 and Article 62-3 (including as applied mutatis mutandis pursuant to Article 63, paragraph (5) and Article 63-2, paragraph (6) of the 1994 New Act) of the 1994 New Act in the case where the provisions of the preceding paragraph apply, the phrase "Article 68-2" in Article 42-4, paragraph (1) of the 1994 New Act is deemed to be replaced with "Article 68-2, and Article 42-7, paragraphs (4) and (6) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remain in force pursuant to the provisions of Article 20, paragraph (2) of the Supplementary Provisions of the 1992 Amendment Act (referred to as 'Article 42-7, paragraphs (4) and (6) of the 1992 Former Act' in the following Article through Article 42-8)", the phrase "Article 68-2" in Article 42-5, paragraph (2), Article 42-6, paragraph (2) and Article 42-7, paragraph (2) of the 1994 New Act with "Article 68-2, and Article 42-7, paragraphs (4) and (6) of the 1992 Former Act", the phrase "if there is an amount to be deducted, that amount" in paragraph (4) of that Article with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of corporation tax on income for that business year pursuant to the provisions of Article 42-7, paragraph (4) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 20, paragraph (2) of the Supplementary Provisions of the 1992 Amendment Act, those amounts", the phrase "Article 68-2" in Article 42-8, paragraph (2) of the 1994 New Act with "Article 68-2, and Article 42-7, paragraphs (4) and (6) of the 1992 Former Act", the phrase "or Articles 43 through 49" in Article 52-2, paragraph (1) of the 1994 New Act with ", Articles 43 through 49 or Article 42-7, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 20, paragraph (2) of the Supplementary Provisions of the 1992 Amendment Act (hereinafter referred to as 'Article 42-7, paragraph (1) of the 1992 Former Act' in this Article and the following Article)", the phrase "or Articles 43 through 49" in paragraphs (2) and (3) of that Article and Article 52-3, paragraph (1) of the 1994 New Act with ", Articles 43 through 49 or Article 42-7, paragraph (1) of the 1992 Former Act", Article 62, paragraph (6), item (ii) of the 1994 New Act is deemed to further provide that, with regard to the application of the provisions of Article 42-7 of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 20, paragraph (2) of the Supplementary Provisions of the 1992 Amendment Act, the phrase "and Article 68-2" in paragraph (2) of that Article is deemed to be replaced with ", Article 62 and Article 68-2", and Article 62-3, paragraph (11), item (ii) of the 1994 New Act is deemed to further provide that, with regard to the application of the provisions of Article 42-7 of the Act on Special Measures Concerning Taxation prior to the amendment by the 1992 Amendment Act, which remains in force pursuant to the provisions of Article 20, paragraph (2) of the Supplementary Provisions of the 1992 Amendment Act, the phrase "and Article 68-2" in paragraph (2) of that Article is deemed to be replaced with ", Article 62-3 and Article 68-2".

④The provisions of Article 42-7, paragraph (1), items (i) through (iii) of the New Act apply to business base strengthening equipment prescribed in that paragraph that a corporation listed in those provisions acquires, manufactures or leases on or after the Effective Date, and with regard to business base strengthening equipment prescribed in Article 42-7, paragraph (1) of the Former Act that a corporation listed in the left-hand column of items (iii) through (v) of the table in that paragraph acquired, manufactured or leased before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of Article 42-7 of the New Act to business base strengthening equipment prescribed in paragraph (1) of that Article that a corporation listed in items (i) through (iii) of that paragraph acquires, manufactures or leases during the period from the Effective Date to February 24, 1993, the phrase "excluding the case where it is put to use for leasing" in that paragraph is deemed to be replaced with "excluding the case where it is put to use for leasing or for a business belonging to a designated industry (meaning an industry designated pursuant to the provisions of Article 2, paragraph (2), item (i) of the Act on Temporary Measures for Business Conversion, etc. of Specified Small and Medium-Sized Enterprises or an industry designated with a limitation to an area pursuant to the provisions of item (ii) of that paragraph; the same applies hereinafter in this paragraph), and including, for a corporation specified by Cabinet Order as a person actually operating a business belonging to a designated industry, the case where it is put to use for a business belonging to that designated industry".

⑤The provisions of Article 42-7, paragraph (1), item (iv) of the New Act apply to business base strengthening equipment prescribed in that paragraph that a corporation acquires, manufactures or leases on or after the date on which the Act on Temporary Measures for the Revitalization of Specified Small and Medium-Sized Enterprise Agglomerations comes into effect. In this case, the provisions of the second sentence of the preceding paragraph apply mutatis mutandis to that business base strengthening equipment that the corporation acquires, manufactures or leases during the period from that date to February 24, 1993.

①The provisions of item (i) of the table in Article 43, paragraph (1) of the New Act apply to depreciable assets listed in that item of which a corporation makes an acquisition, etc. (meaning acquisition, manufacture or construction; the same applies hereinafter in this Article) on or after the Effective Date, and with regard to depreciable assets listed in item (i) of the table in Article 43, paragraph (1) of the Former Act of which a corporation made an acquisition, etc. before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 44-2, paragraph (1) of the New Act apply to high-technology industrial equipment prescribed in that paragraph of which a corporation makes an acquisition, etc. on or after the Effective Date, and with regard to high-technology industrial equipment prescribed in Article 44-2, paragraph (1) of the Former Act of which a corporation made an acquisition, etc. before the Effective Date, the provisions then in force continue to govern.

③The provisions of item (viii) of the table in Article 44-8, paragraph (1) of the New Act apply to commercial facilities, etc. prescribed in that paragraph of which a corporation makes an acquisition, etc. on or after the date on which the Act on Promotion of Efficiency Improvement of Distribution Operations of Small and Medium-Sized Enterprises comes into effect.

④The provisions of Article 45, paragraph (1) of the New Act apply to industrial machinery, etc. prescribed in that paragraph of which a corporation makes an acquisition, etc. on or after the Effective Date, and with regard to industrial machinery, etc. prescribed in Article 45, paragraph (1) of the Former Act of which a corporation made an acquisition, etc. before the Effective Date, the provisions then in force continue to govern.

⑤The provisions of Article 45-2, paragraph (2) of the New Act apply to medical equipment, etc. prescribed in that paragraph of which a corporation makes an acquisition, etc. on or after the Effective Date, and with regard to medical equipment, etc. prescribed in Article 45-2, paragraph (2) of the Former Act of which a corporation made an acquisition, etc. before the Effective Date, the provisions then in force continue to govern.

⑥The provisions of Article 47, paragraphs (1), (2) and (5) of the New Act apply to rental housing prescribed in paragraph (1) 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 that a corporation acquired or newly built before the Effective Date, the provisions then in force continue to govern.

⑦The provisions of Article 48, paragraph (1) of the New Act apply to warehouse buildings, etc. prescribed in that paragraph that a corporation acquires or constructs on or after the Effective Date, and with regard to warehouse buildings, etc. prescribed in Article 48, paragraph (1) of the Former Act that a corporation acquired or constructed before the Effective Date, the provisions then in force continue to govern.

⑧The provisions of Article 51, paragraph (1) of the New Act apply to common use facilities specified in a business plan referred to in Article 55-4, paragraph (1) of the New Act for which a specified association referred to in Article 51, paragraph (1) of the New Act receives the approval, etc. of that business plan on or after the Effective Date, and with regard to common use facilities specified in a business plan referred to in Article 55-4, paragraph (1) of the Former Act for which a specified association referred to in Article 51, paragraph (1) of the Former Act received the approval, etc. of that business plan before the Effective Date, the provisions then in force continue to govern.

⑨With regard to contributions specified in Article 52, paragraph (1), item (v) of the Former Act that a corporation paid, by February 24, 1993, to a corporation listed in that item, the provisions of that Article remain in force.

⑩The provisions of Article 52-4 of the New Act apply to depreciable assets prescribed in that Article of which a corporation makes an acquisition, etc. on or after the Effective Date, and with regard to depreciable assets prescribed in Article 52-4 of the Former Act of which a corporation made an acquisition, etc. before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 58, paragraph (1) of the New Act apply to corporation tax for business years of a corporation ending on or after the Effective Date, and with regard to corporation tax 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 "8 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 "12 percent of that revenue within the period from the first day of that business year to March 31, 1992 (for revenue from the transactions listed in item (iii) of the following paragraph, 16 percent) and the amount equivalent to 8 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 62-3 of the New Act apply to corporation tax pertaining to a transfer, etc. of land prescribed in paragraph (1) of that Article that a corporation makes on or after January 1, 1992.

②With regard to a transfer, etc. of land prescribed in Article 62-3, paragraph (1) of the New Act that a corporation made during the period from January 1, 1992 to March 31 of that year and that pertains to a business year that ended on or before that date, even in the case where a corporation tax return prescribed in paragraph (9) of that Article has been submitted without the documents prescribed in that paragraph attached, if the corporation submits those documents to the district director having jurisdiction over its place for tax payment by the day on which two months have elapsed from the Effective Date, the provisions of paragraph (5) of that Article may be applied, notwithstanding the provisions of paragraph (9) of that Article.

③The provisions of Article 63 of the New Act apply to corporation tax pertaining to a transfer, etc. of land held for a short term prescribed in paragraph (1) of that Article that a corporation makes on or after January 1, 1992, and with regard to corporation tax pertaining to a transfer, etc. of land held for a short term prescribed in Article 63, paragraph (1) of the Former Act that a corporation made before that date, the provisions then in force continue to govern.

④The provisions of Article 63-2 of the New Act apply to corporation tax pertaining to a transfer, etc. of land held for a super short term prescribed in paragraph (1) of that Article that a corporation makes on or after January 1, 1992, and with regard to corporation tax pertaining to a transfer, etc. of land held for a super short term prescribed in Article 63-2, paragraph (1) of the Former Act that a corporation made before that date, the provisions then in force continue to govern.

⑤The provisions of Article 65-7, paragraphs (1) and (10) and Article 65-8 of the New Act apply to corporation tax pertaining to a transfer of assets listed in the left-hand column of item (xvi) of the table in Article 65-7, paragraph (1) of the New Act that a corporation makes on or after the Effective Date.

The provisions of Article 66 of the New Act apply to corporation tax pertaining to a contribution prescribed in paragraph (1) of that Article that a corporation makes on or after the Effective Date, and with regard to corporation tax pertaining to a contribution prescribed in that paragraph that a corporation made before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 66-6 of the New Act apply to the amount of applicable retained income prescribed in paragraph (1) of that Article for a business year of a specified foreign subsidiary, etc. prescribed in that paragraph ending on or after the Effective Date, and with regard to the amount of applicable retained income prescribed in Article 66-6, paragraph (1) of the Former Act for a business year of a specified foreign subsidiary, etc. prescribed in that paragraph that ended before the Effective Date, the provisions then in force continue to govern.

With regard to fixed assets specified in Article 66-10, paragraph (1), item (v) of the Former Act that a corporation listed in that item acquired or manufactured by February 24, 1993 and that fall under assets for experimental research prescribed in that paragraph, the provisions of that Article remain in force.

With regard to the inclusion in gross profit of an amount that a corporation entered in its accounts as the special account referred to in Article 66-14, paragraph (1) of the Former Act pursuant to the provisions of that paragraph in a business year that commenced before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 67-5 of the New Act apply to corporation tax pertaining to an exchange prescribed in paragraph (1) of that Article that a corporation makes on or after the Effective Date.

The provisions of Article 68-4 of the New Act apply to foreign country's corporate tax prescribed in paragraph (1) of that Article that is imposed on the income of a foreign second-tier subsidiary prescribed in that paragraph and that pertains to the amount of dividends, etc. prescribed in Article 69, paragraph (4) of the Corporation Tax Act that a corporation receives, on or after the Effective Date, from a foreign subsidiary prescribed in Article 68-4, paragraph (1) of the New Act.

①The provisions of Article 69-3, paragraphs (1) and (2) of the New Act apply to inheritance tax on small-scale residential land, etc. prescribed in paragraph (1) of that Article that has been acquired by inheritance or bequest (including a gift that takes effect upon the death of the donor; the same applies hereinafter in this paragraph) on or after January 1, 1992, and with regard to inheritance tax on small-scale residential land, etc. prescribed in Article 69-3, paragraph (1) of the Former Act that was acquired by inheritance or bequest before that date, the provisions then in force continue to govern.

②The provisions of Article 70-3, paragraph (1) of the New Act apply to gift tax on property acquired by gift (excluding a gift that takes effect upon the death of the donor; the same applies hereinafter in this paragraph) on or after January 1, 1992, and with regard to gift tax on property acquired by gift before that date, the provisions then in force continue to govern.

①The provisions of Article 76, paragraph (1) of the New Act apply to registration and license tax on the registration of transfer of ownership of land sold by the State as prescribed in that paragraph on or after the Effective Date, and with regard to registration and license tax on the registration of transfer of ownership of land sold or transferred without compensation by the State as prescribed in Article 76, paragraph (1) of the Former Act before the Effective Date, the provisions then in force continue to govern.

②With regard to registration and license tax on the registration of the creation of, or registration of transfer of, a right of lease on farmland, pasture land, or land suitable to be developed into farmland prescribed in Article 77-2, paragraph (1) of the Former Act that a corporation prescribed in that paragraph leased before the Effective Date, the provisions then in force continue to govern.

③The provisions of Article 77-2, paragraph (2) of the New Act apply to registration and license tax on the registration of the creation of a superficies right in the case where a forest development corporation prescribed in that paragraph has a superficies right created, on or after the Effective Date, on land pertaining to a profit-sharing forest growing contract prescribed in that paragraph, and with regard to registration and license tax on the registration of the creation of a superficies right in the case where a forest development corporation prescribed in Article 77-2, paragraph (2) of the Former Act had a superficies right created, before the Effective Date, on land pertaining to a profit-sharing forest growing contract prescribed in that paragraph, the provisions then in force continue to govern.

④The provisions of Article 77-4, paragraph (1) of the New Act apply to registration and license tax on the registration of transfer of ownership of land prescribed in that paragraph acquired through exchange and consolidation prescribed in that paragraph carried out on or after the Effective Date, and with regard to registration and license tax on the registration of transfer of ownership of land prescribed in Article 77-4, paragraph (1) of the Former Act acquired through exchange and consolidation prescribed in that paragraph carried out before the Effective Date, the provisions then in force continue to govern.

⑤The provisions of Article 77-5 of the New Act apply to registration and license tax on the registration of preservation of ownership of land prescribed in that Article that an individual receives on or after the Effective Date, and with regard to registration and license tax on the registration of preservation of ownership of land prescribed in Article 77-5 of the Former Act that an individual received before the Effective Date, the provisions then in force continue to govern.

⑥The provisions of Article 81 of the New Act apply to registration and license tax on registration concerning the matters listed in the items of that Article that pertain to a recommendation or instruction, or a certification or approval, prescribed in that Article that is given on or after the Effective Date, and with regard to registration and license tax on registration concerning the matters listed in the items of Article 81 of the Former Act that pertain to a recommendation or instruction, or a certification or approval, prescribed in that Article that was given before the Effective Date, the provisions then in force continue to govern.

⑦With regard to the matters listed in the items of Article 81 of the Former Act that pertain to an approval prescribed in that Article (limited to an approval under the provisions of Article 4, paragraph (4) or Article 5, paragraph (1) of the Act on Temporary Measures for Structural Improvement of the Textile Industry (Act No. 82 of 1967)) given during the period from the Effective Date to March 31, 1994, the provisions of that Article remain in force. In this case, the phrase "March 31, 1992" in that Article is deemed to be replaced with "March 31, 1994".

⑧The provisions of Article 81-3 of the New Act apply to registration and license tax on the registration of transfer of ownership of land or a building that a person prescribed in that Article acquires, on or after the Effective Date, free of charge or at a reduced price as prescribed in that Article, and with regard to registration and license tax on the registration of transfer of ownership of land or a building that a person prescribed in Article 81-3 of the Former Act acquired, before the Effective Date, free of charge or at a reduced price as prescribed in that Article, the provisions then in force continue to govern.

⑨The provisions of Article 82-3 of the New Act apply to registration and license tax on the registration of preservation of ownership of land prescribed in that Article that a corporation prescribed in that Article acquires on or after the Effective Date, and with regard to registration and license tax on the registration of preservation of ownership of land prescribed in Article 82-3 of the Former Act that a corporation prescribed in that Article acquired before the Effective Date, the provisions then in force continue to govern.

⑩The provisions of Article 83, paragraph (1) of the New Act apply to registration and license tax on the registration of transfer of ownership of land to be used for specified private urban development projects, etc. prescribed in that paragraph that are carried out with a loan of funds prescribed in that paragraph received on or after the Effective Date, and with regard to registration and license tax on the registration of transfer of ownership of land to be used for specified private urban development projects, etc. prescribed in Article 83, paragraph (1) of the Former Act that are carried out with a loan of funds prescribed in that paragraph received before the Effective Date, the provisions then in force continue to govern.

With regard to consumption tax on transfers, etc. of assets made in Japan by a business operator before the Effective Date, on taxable purchases made in Japan by a business operator before the Effective Date, and on foreign goods taken out of a bonded area before the Effective Date, the provisions then in force continue to govern.

①With regard to liquor tax that was imposed, or should have been imposed, before the Effective Date, the provisions then in force continue to govern.

②The provisions then in force continue to govern the application of penal provisions to acts committed before the Effective Date and to acts committed on or after the Effective Date with respect to liquor tax that the provisions then in force continue to govern pursuant to the provisions of the preceding paragraph.

①With regard to petroleum tax that was imposed, or should have been imposed, before the Effective Date, the provisions then in force continue to govern.

②The provisions then in force continue to govern the application of penal provisions to acts committed before the Effective Date and to acts committed on or after the Effective Date with respect to petroleum tax that the provisions then in force continue to govern pursuant to the provisions of the preceding paragraph.

The provisions of Article 94, paragraph (2) of the New Act apply to securities transaction tax on a transfer of special bonds prescribed in that paragraph made on or after the Effective Date.

①The provisions of Article 5, paragraph (4) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation as amended by the provisions of the preceding Article (referred to as the "1988 Amendment Act as Amended" in the following paragraph) apply to income tax for 1992 and subsequent years, and with regard to income tax for 1991 and earlier years, the provisions then in force continue to govern.

②The provisions of Article 12, paragraph (5) of the Supplementary Provisions of the 1988 Amendment Act as Amended apply to corporation tax for business years of a corporation ending on or after the Effective Date, and with regard to corporation tax for business years of a corporation that ended before the Effective Date, the provisions then in force continue to govern.

①The provisions of Article 3, paragraph (1) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation as amended by the provisions of the preceding Article (referred to as the "1990 Amendment Act as Amended" in the following paragraph) apply to income tax for 1992 and subsequent years, and with regard to income tax for 1991 and earlier years, the provisions then in force continue to govern.

②The provisions of Article 15 of the Supplementary Provisions of the 1990 Amendment Act as Amended apply to corporation tax for business years of a corporation ending on or after the Effective Date, and with regard to corporation tax for business years of a corporation that ended before the Effective Date, the provisions then in force continue to govern.

①The provisions of Article 7, paragraph (5) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation as amended by the provisions of the preceding Article (referred to as the "1991 Amendment Act as Amended" in the following paragraph) apply to a transfer of specified farmland, etc. in an urbanization promotion area prescribed in that paragraph that an individual makes on or after the Effective Date, and with regard to a transfer of that specified farmland, etc. in an urbanization promotion area that an individual made before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 9, paragraph (2) of the Supplementary Provisions of the 1991 Amendment Act as Amended apply to the case where a resident has, on or after the Effective Date, carried out an extension, reconstruction, etc. prescribed in Article 41, paragraph (1) of the New Act on a house and has used that house (limited to the part pertaining to that extension, reconstruction, etc.) as the resident's residence as prescribed in that paragraph.