This Act comes into effect as of April 1, 1993; provided, however, that the provisions listed in the following items come into effect as of the dates specified in those 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 1993 and subsequent years, and with regard to income tax for 1992 and earlier years, the provisions then in force continue to govern.

If an individual who has a domicile in Japan and who is an elderly person, etc. prescribed in Article 3-4, paragraph (1) of the New Act holds, as of January 1, 1994, postal savings prescribed in Article 9-2, paragraph (1) of the Income Tax Act (Act No. 33 of 1965) that the individual deposited before that date pursuant to the provisions of that paragraph, those postal savings are deemed to have been deposited pursuant to the provisions of Article 9-2, paragraph (1) of the Income Tax Act as the phrases in it are deemed to be replaced pursuant to the provisions of Article 3-4, paragraph (1) of the New Act.

The provisions of Article 4-2, paragraph (7) of the New Act apply to a property accumulation tax-exempt housing savings return prescribed in paragraph (4) of that Article, or a return prescribed in paragraph (5) of that Article, that a worker prescribed in paragraph (1) of that Article submits on or after January 1, 1994.

The provisions of Article 4-3, paragraph (7) of the New Act apply to a property accumulation tax-exempt pension savings return prescribed in paragraph (4) of that Article, or a return prescribed in paragraph (5) of that Article, that a worker prescribed in paragraph (1) of that Article submits on or after January 1, 1994.

①The provisions of Article 10-2 of the New Act (excluding the part concerning paragraph (1), item (vi) of that Article) apply to energy supply and demand structure reform promotion equipment prescribed in paragraph (1) of that Article that an individual acquires, manufactures or constructs on or after the date on which this Act comes into effect (hereinafter referred to as the "Effective Date"), and with regard to energy supply and demand structure reform promotion equipment 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") that an individual acquired, manufactured or constructed before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 10-2 of the New Act (limited to the part concerning paragraph (1), item (vi) of that Article) apply to energy supply and demand structure reform promotion equipment prescribed in paragraph (1) of that Article that an individual acquires, manufactures or constructs on or after the date on which the Act on Temporary Measures for the Promotion of Business Activities for the Rational Use of Energy and the Utilization of Recycled Resources comes into effect.

The provisions of Article 10-4 of the New Act (limited to the part concerning paragraph (1), item (v) of that Article) apply to business base strengthening equipment prescribed in paragraph (1) of that Article that an individual acquires, manufactures or leases on or after the date on which the Act Partially Amending the Agricultural Mechanization Promotion Act comes into effect.

①The provisions of items (i), (iv) and (v) of the table in Article 11, paragraph (1) of the New Act apply to depreciable assets listed in those provisions 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 items (i), (iv) and (v) 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 item (ii) of the table in Article 11-2, paragraph (1) of the New Act apply to earthquake disaster prevention assets prescribed in that paragraph of which an individual makes an acquisition, etc. on or after the Effective Date, and with regard to earthquake disaster prevention assets prescribed in Article 11-2, 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 11-3, paragraph (1) of the New Act apply to specified leisure facilities prescribed in that paragraph that an individual acquires or constructs on or after the Effective Date, and with regard to specified leisure facilities prescribed in Article 11-3, paragraph (1) of the Former Act that an individual acquired or constructed before the Effective Date, the provisions then in force continue to govern.

④With regard to specified equipment for the effective use of radio waves prescribed in Article 11-4, paragraph (1) of the Former Act that an individual acquired or manufactured before the Effective Date, the provisions then in force continue to govern.

⑤With regard to medical equipment, etc. prescribed in Article 12-2, paragraph (2) of the Former Act that is listed in item (iii) of that paragraph and that an individual acquired or constructed before the Effective Date, the provisions then in force continue to govern.

⑥With regard to the application of the provisions of Article 13 of the New Act in the case where an individual holds machinery and equipment, etc. prescribed in Article 13, paragraph (1) of the Former Act of which the individual made an acquisition, etc. before the Effective Date, the phrase "24 percent" in paragraph (1) of that Article is deemed to be replaced with "24 percent (15 percent for those of which an acquisition, etc. (meaning acquisition, manufacture or construction; the same applies hereinafter in this paragraph) was made before April 1, 1989, and 14 percent for those of which an acquisition, etc. was made during the period from that date to March 31, 1993)", and the phrase "32 percent" with "32 percent (21 percent for those of which an acquisition, etc. was made before April 1, 1989, and 19 percent for those of which an acquisition, etc. was made during the period from that date to March 31, 1993)".

⑦The provisions of Article 14, paragraph (3) of the New Act apply to specified redevelopment buildings, etc. prescribed in that paragraph that an individual acquires or newly builds on or after the Effective Date, and with regard to specified redevelopment buildings, etc. prescribed in Article 14, paragraph (3) of the Former Act that an individual acquired or newly built before the Effective Date, the provisions then in force continue to govern.

①The provisions of Article 31-2, paragraphs (3), (4) and (6) of the New Act apply to a transfer that falls under a transfer for a determined site for constructing a superior residential area, etc. prescribed in paragraph (3) of that Article made by an individual on or after the Effective Date, and the provisions then in force continue to govern a transfer that falls under a transfer for a determined site for constructing a superior residential area, etc. prescribed in Article 31-2, paragraph (3) of the Former Act made by an individual before the Effective Date.

②The provisions of Article 37, paragraph (1) of the New Act (limited to the part pertaining to item (xvi) of the table in that paragraph) 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 (xvi) of the table in Article 37, paragraph (1) of the New Act made by an individual on or after the date on which the Act on the Promotion of the Improvement of Basic Conditions of Agriculture, Forestry and Other Business in Hilly and Mountainous Areas comes into effect.

The provisions of Article 41-17 of the New Act apply to remuneration or fees prescribed in paragraph (1) of that Article that are to be paid on or after May 1, 1993.

Unless otherwise provided for, the provisions of Chapter III of the New Act apply to corporation tax 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) for business years beginning on or after the Effective Date, and the provisions then in force continue to govern corporation tax of a corporation for business years that began before the Effective Date.

①The provisions of Article 42-5 of the New Act (excluding the part pertaining to paragraph (1), item (vi) of that Article) apply to energy supply and demand structure reform promotion equipment, etc. prescribed in paragraph (1) of that Article that a corporation acquires, manufactures or constructs on or after the Effective Date, and the provisions then in force continue to govern energy supply and demand structure reform promotion equipment, etc. prescribed in Article 42-5, paragraph (1) of the Former Act that a corporation acquired, manufactured or constructed before the Effective Date.

②The provisions of Article 42-5 of the New Act (limited to the part pertaining to paragraph (1), item (vi) of that Article) apply to energy supply and demand structure reform promotion equipment, etc. prescribed in paragraph (1) of that Article that a corporation acquires, manufactures or constructs on or after the date on which the Act on Temporary Measures for the Promotion of Business Activities for the Rational Use of Energy and the Utilization of Recycled Resources comes into effect.

The provisions of Article 42-7 of the New Act (limited to the part pertaining to paragraph (1), item (v) of that Article) 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 date on which the Act Partially Amending the Agricultural Mechanization Promotion Act comes into effect.

①The provisions of items (i), (iv) and (v) of the table in Article 43, paragraph (1) of the New Act apply to depreciable assets listed in those provisions for 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 the provisions then in force continue to govern depreciable assets listed in items (i), (iv) and (v) of the table in Article 43, paragraph (1) of the Former Act for which a corporation made an acquisition, etc. before the Effective Date.

②The provisions of item (ii) of the table in Article 43-4, paragraph (2) of the New Act apply to conservation project assets, etc. prescribed in that paragraph for which a corporation makes an acquisition, etc. on or after the date on which the Act on the Promotion of the Improvement of Basic Conditions of Agriculture, Forestry and Other Business in Hilly and Mountainous Areas comes into effect.

③The provisions of item (ii) of the table in Article 44, paragraph (1) of the New Act apply to earthquake disaster prevention assets prescribed in that paragraph for which a corporation makes an acquisition, etc. on or after the Effective Date, and the provisions then in force continue to govern earthquake disaster prevention assets prescribed in Article 44, paragraph (1) of the Former Act for which a corporation made an acquisition, etc. before the Effective Date.

④The provisions of 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 Effective Date, and the provisions then in force continue to govern industrial restructuring equipment, etc. prescribed in Article 44-4, paragraph (1) of the Former Act that a corporation acquired or manufactured before the Effective Date.

⑤The provisions of Article 44-5, paragraph (1) of the New Act apply to specified leisure facilities prescribed in that paragraph that a corporation acquires or constructs on or after the Effective Date, and the provisions then in force continue to govern specified leisure facilities prescribed in Article 44-5, paragraph (1) of the Former Act that a corporation acquired or constructed before the Effective Date.

⑥The provisions of items (ii) and (iii) of the table in Article 44-6, paragraph (1) of the New Act apply to specified telecommunications equipment prescribed in that paragraph for which a corporation makes an acquisition, etc. on or after the Effective Date, and the provisions then in force continue to govern specified telecommunications equipment prescribed in Article 44-6, paragraph (1) of the Former Act that is listed in the third column of item (i) of the table in that paragraph and that a corporation acquired or manufactured before the Effective Date.

⑦The provisions then in force continue to govern medical equipment, etc. prescribed in Article 45-2, paragraph (2) of the Former Act that is listed in item (i)(c) of the table in that paragraph and for which a corporation made an acquisition, etc. before the Effective Date.

⑧The provisions of Article 45-2, paragraph (3) of the New Act apply to specified medical buildings prescribed in that paragraph that a corporation acquires or constructs on or after the Effective Date, and the provisions then in force continue to govern buildings for health care facilities for the elderly prescribed in Article 45-2, paragraph (3) of the Former Act that a corporation acquired or constructed before the Effective Date.

⑨With regard to the application of the provisions of Article 46-2 of the New Act in the case where a corporation has machinery and equipment, factory buildings and their associated facilities, and vehicles and transport equipment prescribed in Article 46-2, paragraph (1) of the Former Act for which it made an acquisition, etc. before the Effective Date, the phrase "24 percent" in paragraph (1) of that Article is deemed to be replaced with "24 percent (15 percent for those for which an acquisition, etc. (meaning acquisition, manufacture or construction; the same applies hereinafter in this paragraph) was made before April 1, 1989, and 14 percent for those for which an acquisition, etc. was made during the period from that date to March 31, 1993)", and the phrase "32 percent" with "32 percent (21 percent for those for which an acquisition, etc. was made before April 1, 1989, and 19 percent for those for which an acquisition, etc. was made during the period from that date to March 31, 1993)".

⑩The provisions of Article 47, paragraph (3) of the New Act apply to specified redevelopment buildings, etc. prescribed in that paragraph that a corporation acquires or newly constructs on or after the Effective Date, and the provisions then in force continue to govern specified redevelopment buildings, etc. prescribed in Article 47, paragraph (3) of the Former Act that a corporation acquired or newly constructed before the Effective Date.

The provisions of Article 58-3, paragraph (1) of the New Act apply to corporation tax of a corporation for business years ending on or after the Effective Date, and the provisions then in force continue to govern corporation tax of a corporation for business years that ended before the Effective Date.

①The provisions of Article 62-3, paragraphs (5) through (7) of the New Act apply to corporation tax on a transfer that falls under a transfer for a determined site for constructing a superior residential area, etc. prescribed in paragraph (5) of that Article made by a corporation on or after the Effective Date, and the provisions then in force continue to govern corporation tax on a transfer that falls under a transfer for a determined site for constructing a superior residential area, etc. prescribed in Article 62-3, paragraph (5) of the Former Act made by a corporation before the Effective Date.

②The provisions of Article 65-4, paragraph (1), item (xvi) of the New Act apply to corporation tax on a transfer of land, etc. prescribed in that paragraph made by a corporation on or after the Effective Date, and the provisions then in force continue to govern corporation tax on a transfer of land, etc. prescribed in Article 65-4, paragraph (1) of the Former Act made by a corporation before the Effective Date.

③The provisions of Article 65-5, paragraph (1) of the New Act (limited to the part pertaining to item (ii) of that paragraph) apply to corporation tax on a transfer of land, etc. prescribed in that paragraph that falls under the case listed in item (ii) of that paragraph and is made by a corporation on or after the Effective Date, and the provisions then in force continue to govern corporation tax on a transfer of land, etc. prescribed in Article 65-5, paragraph (1) of the Former Act made by a corporation before the Effective Date. In this case, with regard to the application of the provisions of Article 65-5 of the New Act during the period from the Effective Date to the day before the date on which the Act on the Arrangement of Relevant Acts for Strengthening the Foundation of Agricultural Management comes into effect, the phrase "Article 19 of the Act on Promotion of Improvement of Agricultural Management Foundation" in that item is deemed to be replaced with "Article 7 of the Agricultural Land Use Promotion Act", and the phrase "agricultural land use consolidation plan" with "agricultural land use promotion plan".

④The provisions of Article 65-5, paragraph (1) of the New Act (limited to the part pertaining to item (iii) of that paragraph) apply to corporation tax on a transfer of land, etc. prescribed in that paragraph made by a corporation on or after the date on which the Act on the Promotion of the Improvement of Basic Conditions of Agriculture, Forestry and Other Business in Hilly and Mountainous Areas comes into effect.

⑤The provisions of Article 65-7, paragraph (1) of the New Act (limited to the part pertaining to item (xvii) of the table in that paragraph) and paragraph (10) of that Article and Article 65-8, paragraph (1) of the New Act apply to corporation tax on a transfer of assets listed in the left-hand column of item (xvii) of the table in Article 65-7, paragraph (1) of the New Act made by a corporation on or after the date on which the Act on the Promotion of the Improvement of Basic Conditions of Agriculture, Forestry and Other Business in Hilly and Mountainous Areas comes into effect.

①With regard to the amount of income tax on interest, dividends, etc. prescribed in Article 68-2, paragraph (4), item (iv) of the Former Act that is to be deducted from the amount of corporation tax on income of a corporation for business years that ended before the Effective Date, the provisions then in force continue to govern.

②With regard to the application of the provisions of Article 68-2 of the New Act in the case where a corporation has, in a business year ending on or after the Effective Date, a carried-over excess over the income tax credit limit prescribed in Article 68-2, paragraph (4), item (ii) of the Former Act, the phrase "an amount equivalent" in paragraph (1), item (i), (a) of that Article is deemed to be replaced with "the sum of an amount equivalent and the carried-over excess over the income tax credit limit from four or more years before prescribed in Article 68-2, paragraph (1), item (iii) 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. 10 of 1993) (hereinafter referred to as the "1993 Former Act") (hereinafter referred to as the "carried-over excess over the income tax credit limit from four or more years before under the Former Act" in this paragraph) for that business year"; the phrase "the amount of income tax on those interest, dividends, etc." in (b) of that item with "the sum of the amount of income tax on those interest, dividends, etc., the total amount of the carried-over excess over the income tax credit limit within the preceding three years under the Former Act that would be appropriated if the remaining amount after deducting the amount of income tax on those interest, dividends, etc. from that maximum income tax credit were appropriated, in order starting with that of the most recent business year, to the carried-over excess over the income tax credit limit within the preceding three years prescribed in Article 68-2, paragraph (1), item (ii) of the 1993 Former Act (hereinafter referred to as the "carried-over excess over the income tax credit limit within the preceding three years under the Former Act" in this paragraph), and the carried-over excess over the income tax credit limit from four or more years before under the Former Act"; the phrase "an amount equivalent" in (a) of item (ii) of that paragraph with "the sum of an amount equivalent and the carried-over excess over the income tax credit limit from four or more years before under the Former Act for that business year"; the phrase "the amount obtained by adding" in (b) of that item with "the amount obtained by adding the sum of that amount and the total amount of the carried-over excess over the income tax credit limit within the preceding three years under the Former Act", and the phrase "the sum of that amount and the total amount" with "the amount obtained by adding the carried-over excess over the income tax credit limit from four or more years before under the Former Act for that business year to the sum of that amount and the total amount (or, if that maximum income tax credit exceeds the sum of the amount of income tax on those interest, dividends, etc. and the total amount of that carried-over excess over the income tax credit limit, the sum of the total amount of that carried-over excess over the income tax credit limit and the total amount of the carried-over excess over the income tax credit limit within the preceding three years under the Former Act that would be appropriated if the amount of that excess were appropriated, in order starting with that of the most recent business year, to the carried-over excess over the income tax credit limit within the preceding three years under the Former Act)"; the phrase "the sum" in (c) of that item with "the amount obtained by adding the total amount of the carried-over excess over the income tax credit limit within the preceding three years under the Former Act to the sum", and the phrase "that sum" with "the sum of that amount and the carried-over excess over the income tax credit limit from four or more years before under the Former Act for that business year"; the phrase "in the case where it has" in paragraph (3) of that Article with "in the case where it has, or has a carried-over excess over the income tax credit limit prescribed in Article 68-2, paragraph (4), item (ii) of the 1993 Former Act (hereinafter referred to as the "carried-over excess over the income tax credit limit under the Former Act" in this Article)", and the phrase "the total amount" with "the total amount or the total amount of the carried-over excess over the income tax credit limit under the Former Act"; the phrase "item (i) of that paragraph" in paragraph (5) of that Article with "item (i) of that paragraph (excluding the case where it is applied with the replacement of terms pursuant to the provisions of Article 17, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 10 of 1993))", the phrase "arose" with "or the carried-over excess over the income tax credit limit under the Former Act arose", the phrase "the calculation" with "or the calculation of that carried-over excess over the income tax credit limit under the Former Act", and the phrase "stated as" with "or stated as that carried-over excess over the income tax credit limit under the Former Act"; the phrase "the whole of" in paragraph (6) of that Article with "or the whole of the carried-over excess over the income tax credit limit under the Former Act"; the phrase "equivalent to" in paragraph (9) of that Article with "or equivalent to the carried-over excess over the income tax credit limit prescribed in Article 68-2, paragraph (4), item (ii) (Special Provisions on Credit, etc. for Income Tax on Interest, Dividends, etc.) 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. 10 of 1993)"; and the phrase "the total amount of" in paragraph (10) of that Article with "the total amount of, or the total amount of the carried-over excess over the income tax credit limit prescribed in Article 68-2, paragraph (4), item (ii) (Special Provisions on Credit, etc. for Income Tax on Interest, Dividends, etc.) 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. 10 of 1993)".

①The provisions of Article 70-9, paragraph (2) of the New Act apply to inheritance tax for which permission for deferred payment under the provisions of Article 38, paragraph (1) or Article 43, paragraph (5) of the Inheritance Tax Act (Act No. 73 of 1950) is granted on or after the Effective Date (limited to inheritance tax on an inheritance that commenced on or after January 1, 1988 (hereinafter referred to as the "specified day" in this Article)), and, except for what is provided for in the following paragraph, the provisions then in force continue to govern inheritance tax for which permission for deferred payment under those provisions was granted before the Effective Date and inheritance tax for which permission for deferred payment under those provisions is granted on or after the Effective Date (limited to inheritance tax on an inheritance that commenced before the specified day).

②With regard to interest tax on an amount of inheritance tax for which a district director granted permission for deferred payment before the Effective Date (limited to an amount of inheritance tax on an inheritance that commenced on or after the specified day to which the provisions of Article 70-9, paragraph (2) of the Former Act or Article 76, paragraph (3) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 109 of 1988) apply) and for which the due date for payment of an installment payment pertaining to the deferred payment falls on or after the Effective Date, the district director is to calculate the portion corresponding to the period on or after the Effective Date in accordance with the provisions of Article 70-9, paragraph (2) of the New Act, mutatis mutandis.

①The provisions of Article 77-2, 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 that a corporation prescribed in that paragraph purchases on or after the date on which the Act on the Arrangement of Relevant Acts for Strengthening the Foundation of Agricultural Management comes into effect, and the provisions then in force continue to govern registration and license tax on the registration of transfer of ownership of land prescribed in Article 77-2, paragraph (1) of the Former Act that a corporation prescribed in that paragraph purchased before that date (including that land purchased on or after that date pursuant to the provisions of Article 3, paragraph (2) of the Supplementary Provisions of the Act on the Arrangement of Relevant Acts for Strengthening the Foundation of Agricultural Management).

②The provisions of Article 77-3 of the New Act (limited to the part pertaining to item (i) of the table in that Article) apply to registration and license tax on the registration of transfer of ownership of land prescribed in the left-hand column of that item that is acquired on or after the Effective Date through consultation, conciliation or mediation prescribed in that column, and the provisions then in force continue to govern registration and license tax on the registration of transfer of ownership of land prescribed in Article 77-3, item (i) of the Former Act that was acquired before the Effective Date through consultation, conciliation or mediation prescribed in that item.

③With regard to the application of the provisions of Article 77-3 of the New Act during the period from the Effective Date to the day before the date on which the Act on the Arrangement of Relevant Acts for Strengthening the Foundation of Agricultural Management comes into effect, the phrase "Article 4, paragraph (3), item (i) of the Act on Promotion of Improvement of Agricultural Management Foundation" in the left-hand column of item (ii) of the table in that Article is deemed to be replaced with "Article 2, paragraph (2), item (i) of the Agricultural Land Use Promotion Act", the phrase "Article 19 of the Act on Promotion of Improvement of Agricultural Management Foundation" in the middle column of that item with "Article 7 of the Agricultural Land Use Promotion Act", and the phrase "agricultural land use consolidation plan" with "agricultural land use promotion plan".

④The provisions of Article 77-3 of the New Act (limited to the part pertaining to the project for promoting the establishment of use rights, etc. prescribed in Article 4, paragraph (3), item (i) of the Act on Promotion of Improvement of Agricultural Management Foundation and the agricultural land use consolidation plan under the provisions of Article 19 of that Act) apply to registration and license tax on the registration of transfer of ownership of land prescribed in the left-hand column of item (ii) of the table in Article 77-3 of the New Act that is acquired through a project for promoting the establishment of use rights, etc. prescribed in that column on or after the date on which the Act on the Arrangement of Relevant Acts for Strengthening the Foundation of Agricultural Management comes into effect, and the provisions then in force continue to govern registration and license tax on the registration of transfer of ownership of land prescribed in those provisions that was acquired before that date through a project for promoting the establishment of use rights, etc. prescribed in Article 77-3, item (ii) of the Former Act or in the left-hand column of item (ii) of the table in Article 77-3 of the New Act as read with the replacement of terms pursuant to the preceding paragraph.

⑤The provisions of Article 78-2 of the New Act apply to registration and license tax on the registration of transfer of ownership of the land under that Article for which a production forestry cooperative or agricultural production corporation prescribed in that Article receives the capital contribution prescribed in that Article on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on the registration of transfer of ownership of the land under that Article for which a production forestry cooperative or agricultural production corporation prescribed in Article 78-2 of the Former Act received the capital contribution prescribed in that Article before the Effective Date.

⑥With regard to registration and license tax on registration of the matters listed in the items of Article 82 of the Former Act (excluding those pertaining to a merger) concerning land or buildings that the Okinawa Electric Power Company, Inc. prescribed in that Article acquired before the Effective Date for use in electric power development and the improvement of power transmission and transformation facilities incidental thereto, the provisions then in force continue to govern.

⑦The provisions of Article 83, paragraph (2) of the New Act apply to registration and license tax on the registration of preservation of ownership of land used for a specified public construction project prescribed in that paragraph that is carried out with a loan under that paragraph received on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on the registration of preservation of ownership of land used for a specified public construction project prescribed in Article 83, paragraph (2) of the Former Act that is carried out with a loan under that paragraph received before the Effective Date.

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.

The provisions of Article 93 of the New Act apply to securities or certificates that are deemed to be the corporate bond certificates or foreign corporate bond certificates referred to in paragraph (1) of that Article pursuant to the provisions of that paragraph and that are transferred on or after the date on which the Act on the Arrangement, etc. of Relevant Acts for the Reform of the Financial System and the Securities Transaction System comes into effect.

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 1993 and subsequent years, and with regard to income tax for 1992 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 of a corporation for business years ending on or after the Effective Date, and the provisions then in force continue to govern corporation tax of a corporation for business years that ended before the Effective Date.

①The provisions of Article 3 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 "1992 Amendment Act as Amended" in the following paragraph) apply to income tax for 1993 and subsequent years, and with regard to income tax for 1992 and earlier years, the provisions then in force continue to govern.

②The provisions of Article 19 of the Supplementary Provisions of the 1992 Amendment Act as Amended apply to corporation tax of a corporation for business years ending on or after the Effective Date, and the provisions then in force continue to govern corporation tax of a corporation for business years that ended before the Effective Date.