This Act comes into effect as of April 1, 1996; provided, however, that the provisions set forth in the following items come into effect as of the dates specified in the respective items:

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 1996 and subsequent years, except as otherwise provided, and with regard to income tax for 1995 and prior years, the provisions then in force continue to govern.

①In the case where a worker prescribed in Article 2, item (i) of the Workers' Property Accumulation Promotion Act (Act No. 92 of 1971) has submitted an application to exempt asset-building housing savings from taxation prescribed in Article 4-2, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment (hereinafter referred to as the "Former Act") or a statement of tax-exempt asset-building housing savings prescribed in paragraph (4) of that Article (including the return referred to in paragraph (5) of that Article) via the place of employment prescribed in paragraph (1) of that Article, if, on or after the date specified in Article 1, item (ii) of the Supplementary Provisions, the specified wage payer prescribed in Article 4-2, paragraph (1) of the New Act pertaining to that worker has entrusted the administrative affairs pertaining to the workers' property accumulation housing savings contract prescribed in that paragraph to an administrative agent organization prescribed in that paragraph, the provisions of that Article apply by deeming that worker to have submitted that application to exempt asset-building housing savings from taxation or that statement of tax-exempt asset-building housing savings, at the time of its submission, via the place of employment, etc. prescribed in that paragraph.

②In the case where a worker prescribed in the preceding paragraph has submitted an application to exempt asset-building pension savings from taxation prescribed in Article 4-3, paragraph (1) of the Former Act or a statement of tax-exempt asset-building pension savings prescribed in paragraph (4) of that Article (including the return referred to in paragraph (5) of that Article) via the place of employment prescribed in paragraph (1) of that Article, if, on or after the date specified in Article 1, item (ii) of the Supplementary Provisions, the specified wage payer prescribed in Article 4-3, paragraph (1) of the New Act pertaining to that worker has entrusted the administrative affairs pertaining to the workers' property accumulation pension savings contract prescribed in that paragraph to an administrative agent organization prescribed in that paragraph, the provisions of that Article apply by deeming that worker to have submitted that application to exempt asset-building pension savings from taxation or that statement of tax-exempt asset-building pension savings, at the time of its submission, via the place of employment, etc. prescribed in that paragraph.

With regard to the amount incorporated into capital in the case where a stock company prescribed in Article 9-3, paragraph (1) of the Former Act has, before the date on which this Act comes into effect (hereinafter referred to as the "Effective Date"), incorporated all or part of the profits or reserves prescribed in that paragraph into its capital, the provisions then in force continue to govern.

With regard to the amount of dividends of profits appropriated to payment for contributions in the case where a member of a limited company prescribed in Article 9-4, paragraph (1) of the Former Act has, before the Effective Date, appropriated all or part of the dividends of profits prescribed in that paragraph to be received from that limited company to the payment for contributions pertaining to the increase of capital of that limited company prescribed in that paragraph, the provisions then in force continue to govern.

The provisions of Article 10-2 of the New Act apply to equipment for promoting reform of the energy supply and demand structure prescribed in paragraph (1) of that Article that an individual acquires, manufactures or constructs on or after the Effective Date, and with regard to equipment for promoting reform of the energy supply and demand structure prescribed in Article 10-2, paragraph (1) of the Former Act that an individual acquired, manufactured or constructed before the Effective Date, the provisions then in force continue to govern.

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

②The provisions of items (i) and (ii) of the table in Article 11-2, paragraph (1) of the New Act apply to depreciable assets listed in the middle column of those provisions that an individual makes an acquisition, etc. of on or after the Effective Date, and with regard to depreciable assets listed in the middle column of the items of the table in Article 11-2, paragraph (1) of the Former Act that an individual made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

③The provisions of item (iii) of the table in Article 11-2, paragraph (1) of the New Act apply to depreciable assets listed in the middle column of that item that an individual makes an acquisition, etc. of on or after the Effective Date.

④The provisions of items (i), (ii) and (vii) of the table in Article 12, paragraph (1) of the New Act apply to depreciable assets listed in the third column of those provisions that an individual makes an acquisition, etc. of on or after the Effective Date, and with regard to depreciable assets listed in the third column of the provisions of items (i), (ii) and (vii) of the table in Article 12, paragraph (1) of the Former Act that an individual made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

⑤The provisions of Article 13-3, paragraph (1) of the New Act (limited to the part relating to item (iii) of that paragraph) apply to depreciable assets specified in that item held by an individual referred to in that item who receives the certification prescribed in that item for a forestry management improvement plan prescribed in that item on or after the date on which the Act Partially Amending the Act on Assistance with Forestry Improvement Funds and the Act on Temporary Measures for Financing Forestry and Related Industry Promotion Funds comes into effect, and with regard to depreciable assets specified in Article 13-3, paragraph (1), item (iii) of the Former Act held by an individual referred to in that item who received the certification prescribed in that item for a rationalization plan prescribed in that item before that date, the provisions then in force continue to govern.

⑥The provisions of Article 14, paragraph (1) of the New Act apply to good-quality rental housing prescribed in that paragraph that an individual acquires or newly builds on or after the Effective Date, and with regard to good-quality 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.

⑦The provisions of Article 14, paragraph (2) 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 (2) of the Former Act that an individual acquired or newly built before the Effective Date, the provisions then in force continue to govern.

⑧The provisions of Article 14, paragraph (3), item (i) of the New Act apply to buildings listed in that item that an individual acquires or newly builds on or after the Effective Date, and with regard to buildings listed in Article 14, paragraph (3), item (i) of the Former Act that an individual acquired or newly built before the Effective Date, the provisions then in force continue to govern.

⑨The provisions of Article 14, paragraph (3), item (v) of the New Act apply to buildings listed in that item that an individual acquires or newly builds on or after the date on which the Act Partially Amending the Act on Emergency Measures for the Promotion of Superior Residential Land Development in Metropolitan Areas comes into effect, and with regard to buildings listed in Article 14, paragraph (3), item (v) of the Former Act that an individual acquired or newly built before that date, the provisions then in force continue to govern.

⑩The provisions of Article 14, paragraph (3), item (vii) of the New Act apply to buildings listed in that item that an individual acquires or newly builds on or after the date on which the Act Partially Amending the Act on Improvement of Areas Along Trunk Roads, etc. comes into effect.

⑪The 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.

With regard to the reserve for promoting the use of recycled resources referred to in Article 20-5, paragraph (1) of the Former Act that an individual prescribed in that paragraph has set aside, or sets aside, in each year up to 1996, the provisions of that Article remain in force. In this case, the phrase "March 31, 1997" in that paragraph is deemed to be replaced with "March 31, 1996", the phrase "Article 20, paragraphs (12) through (14)" in paragraph (8) of that Article is deemed to be replaced with "Article 20-2, paragraphs (6) through (8) of the Act on Special Measures Concerning Taxation as amended by the provisions of Article 1 of the Act Partially Amending the Act on Special Measures Concerning Taxation and the Act on Temporary Special Provisions of Acts Related to National Tax, in Relation to Victims, etc. of Hanshin-Awaji Earthquake (Act No. 22 of 1997)", and the phrase "the phrase "又は" (or) in paragraph (12) of that Article is deemed to be replaced with "若しくは" (or, joining a smaller group of alternatives)" is deemed to be replaced with "the phrase "できる者又は" (person who may ..., or) in paragraph (6) of that Article is deemed to be replaced with "できる者若しくは" (person who may ..., or, joining a smaller group of alternatives)".

①The provisions of Article 31 of the New Act apply to a transfer of land, etc. or buildings, etc. prescribed in paragraph (1) of that Article that an individual makes on or after January 1, 1996, and with regard to a transfer of land, etc. or buildings, etc. prescribed in Article 31, paragraph (1) of the Former Act that an individual made before that date, the provisions then in force continue to govern.

②The provisions of Article 31-2 of the New Act apply to a transfer falling under a transfer for a superior residential area, etc. prescribed in paragraph (1) of that Article or a transfer falling under a transfer for a determined site for constructing a superior residential area, etc. prescribed in paragraph (3) of that Article that an individual makes on or after January 1, 1997, and with regard to a transfer falling under a transfer for a superior residential area, etc. prescribed in Article 31-2, paragraph (1) of the Former Act or a transfer falling under a transfer for a determined site for constructing a superior residential area, etc. prescribed in paragraph (3) of that Article that an individual made before that date, the provisions then in force continue to govern.

③The provisions of Article 34, paragraph (3) 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 January 1, 1997.

④The provisions of Article 34-2, paragraph (2), item (vii) 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 date on which the Act Partially Amending the Act on Improvement of Areas Along Trunk Roads, etc. comes into effect.

⑤The provisions of Article 34-2, paragraph (3) 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 January 1, 1997, and with regard to a transfer of land, etc. prescribed in Article 34-2, paragraph (1) of the Former Act that an individual made before that date, the provisions then in force continue to govern.

⑥With regard to the application of the provisions of Article 37, paragraphs (1), (3) and (4) of the New Act (including as applied mutatis mutandis pursuant to Article 37-5, paragraph (2) of the New Act) and Article 37-4 of the New Act during the period from the Effective Date to the day before the date specified in Article 1, item (vi) of the Supplementary Provisions, the phrase "item (xx) of that table" in those provisions is deemed to be replaced with "item (xix) of that table".

⑦The provisions of Article 37 of the New Act (limited to the part relating to item (xvii) of the table in paragraph (1) of that Article) apply to a transfer of the assets listed in the left-hand column of that item in the case where an individual makes that transfer on or after the date on which the Act Partially Amending the Act on Improvement of Areas Along Trunk Roads, etc. comes into effect and that individual acquires the assets listed in the right-hand column of that item on or after that date.

⑧The provisions of Article 37 of the New Act (limited to the part relating to item (xix) of the table in paragraph (1) of that Article) apply to a transfer of the assets listed in the left-hand column of that item that an individual makes on or after the Effective Date, and with regard to a transfer of the assets listed in the left-hand column of item (xviii) of the table in Article 37, paragraph (1) of the Former Act that an individual made before the Effective Date, the provisions then in force continue to govern.

⑨With regard to the application of the provisions of the preceding paragraph during the period from the Effective Date to the day before the date specified in Article 1, item (vi) of the Supplementary Provisions, the phrase "item (xix)" in that paragraph is deemed to be replaced with "item (xviii)".

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

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

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

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

③The provisions of items (i) and (ii) of the table in Article 44, paragraph (1) of the New Act apply to depreciable assets listed in the middle column of those provisions that a corporation makes an acquisition, etc. of on or after the Effective Date, and with regard to depreciable assets listed in the middle column of the items of the table in Article 44, paragraph (1) of the Former Act that a corporation made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

④The provisions of item (iii) of the table in Article 44, paragraph (1) of the New Act apply to depreciable assets listed in the middle column of that item that a corporation makes an acquisition, etc. of on or after the Effective Date.

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

⑥The provisions of Article 44-3, paragraph (1) of the New Act apply to specified business assets prescribed in that paragraph that a corporation makes an acquisition, etc. of on or after the Effective Date, and with regard to specified business assets prescribed in Article 44-3, paragraph (1) of the Former Act that a corporation made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

⑦The provisions of item (v) of the table in Article 44-7, paragraph (1) of the New Act apply to depreciable assets listed in the middle column of that item that a corporation makes an acquisition, etc. of on or after the Effective Date, and with regard to depreciable assets listed in the middle column of item (v) of the table in Article 44-7, paragraph (1) of the Former Act that a corporation made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

⑧The provisions of Article 44-8, paragraph (1) of the New Act apply to industrial business facilities prescribed in that paragraph that a corporation acquires or constructs on or after the Effective Date, and with regard to industrial business facilities prescribed in Article 44-8, paragraph (1) of the Former Act that a corporation acquired or constructed before the Effective Date, the provisions then in force continue to govern.

⑨The provisions of items (i), (ii) and (vii) of the table in Article 45, paragraph (1) of the New Act apply to depreciable assets listed in the third column of those provisions that a corporation makes an acquisition, etc. of on or after the Effective Date, and with regard to depreciable assets listed in the third column of the provisions of items (i), (ii) and (vii) of the table in Article 45, paragraph (1) of the Former Act that a corporation made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

⑩The provisions of Article 46-3, paragraph (1) of the New Act (limited to the part relating to item (ii) of that paragraph) apply to depreciable assets specified in that item held by a corporation referred to in that item that receives the certification prescribed in that item for a forestry management improvement plan prescribed in that item on or after the date on which the Act Partially Amending the Act on Assistance with Forestry Improvement Funds and the Act on Temporary Measures for Financing Forestry and Related Industry Promotion Funds comes into effect, and with regard to depreciable assets specified in Article 46-3, paragraph (1), item (ii) of the Former Act held by a corporation referred to in that item that received the certification prescribed in that item for a rationalization plan prescribed in that item before that date, the provisions then in force continue to govern.

⑪The provisions of Article 47, paragraph (1) of the New Act apply to good-quality rental housing prescribed in that paragraph that a corporation acquires or newly builds on or after the Effective Date, and with regard to good-quality 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.

⑫The provisions of Article 47, paragraph (2) of the New Act apply to specified redevelopment buildings, etc. prescribed in that paragraph that a corporation acquires or newly builds on or after the Effective Date, and with regard to specified redevelopment buildings, etc. prescribed in Article 47, paragraph (2) of the Former Act that a corporation acquired or newly built before the Effective Date, the provisions then in force continue to govern.

⑬The provisions of Article 47, paragraph (3), item (i) of the New Act apply to buildings listed in that item that a corporation acquires or newly builds on or after the Effective Date, and with regard to buildings listed in Article 47, paragraph (3), item (i) of the Former Act that a corporation acquired or newly built before the Effective Date, the provisions then in force continue to govern.

⑭The provisions of Article 47, paragraph (3), item (v) of the New Act apply to buildings listed in that item that a corporation acquires or newly builds on or after the date on which the Act Partially Amending the Act on Emergency Measures for the Promotion of Superior Residential Land Development in Metropolitan Areas comes into effect, and with regard to buildings listed in Article 47, paragraph (3), item (v) of the Former Act that a corporation acquired or newly built before that date, the provisions then in force continue to govern.

⑮The provisions of Article 47, paragraph (3), item (vii) of the New Act apply to buildings listed in that item that a corporation acquires or newly builds on or after the date on which the Act Partially Amending the Act on Improvement of Areas Along Trunk Roads, etc. comes into effect.

⑯The 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.

①The provisions of Article 55 of the New Act apply to specified shares, etc. prescribed in paragraph (1) of that Article that a corporation acquires on or after the Effective Date, and with regard to specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act that a corporation acquired before the Effective Date, except in the case provided for in the following paragraph, the provisions then in force continue to govern.

②In the case where a corporation has acquired specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act before the Effective Date, if it comes to fall under any of the cases listed in the items of Article 55, paragraph (4) of the New Act on or after the Effective Date, the same rules as in the provisions of that paragraph apply.

③The provisions of Article 55-3, paragraph (1) of the New Act apply to specified shares, etc. prescribed in that paragraph that a corporation acquires on or after the Effective Date, and with regard to specified shares, etc. prescribed in Article 55-3, paragraph (1) of the Former Act that a corporation acquired before the Effective Date, the provisions then in force continue to govern.

④The provisions of Article 55-4, paragraph (1) of the New Act apply to specified shares prescribed in that paragraph that a corporation acquires on or after the Effective Date, and with regard to specified shares prescribed in Article 55-4, paragraph (1) of the Former Act that a corporation acquired before the Effective Date, the provisions then in force continue to govern.

⑤In the case where a corporation prescribed in Article 57, paragraph (1) or (2) of the Former Act has, in the business year beginning first on or after the Effective Date (excluding the case where that business year is a business year that includes the day of dissolution (excluding dissolution due to a merger); hereinafter referred to as the "business year of the amendment" through paragraph (9)), the amount of the reserve for liability for securities transactions or the amount of the reserve for liability for commodity transactions prescribed in paragraph (3) of that Article as of the end of the business year immediately preceding the business year of the amendment (meaning the amount obtained by deducting the amount included in gross profit pursuant to the provisions of that paragraph or paragraph (4) of that Article in that immediately preceding business year, and adding the amount included in deductible expenses pursuant to the provisions of paragraph (1) or (2) of that Article in that immediately preceding business year), the amount equivalent to the amount calculated, for each business year from the business year of the amendment to the business year that includes the day before the day on which five years have elapsed from the first day of the business year of the amendment, by multiplying that amount of the reserve for liability for securities transactions or amount of the reserve for liability for commodity transactions by the number of months in that business year and dividing the result by 60 (or, where that amount exceeds the remaining transaction liability reserve as of the end of that business year (meaning the amount of the reserve for liability for securities transactions or the amount of the reserve for liability for commodity transactions after deducting from it the amount included, or required to be included, in gross profit pursuant to the provisions of the following paragraph by that day, or the amount included in gross profit pursuant to the provisions of this paragraph in business years that ended before that day; the same applies hereinafter through paragraph (9)), that remaining transaction liability reserve), out of that amount of the reserve for liability for securities transactions or amount of the reserve for liability for commodity transactions, is included in gross profit in calculating the amount of income for each of those business years.

⑥In the case where the corporation prescribed in the preceding paragraph comes to fall under any of the cases listed in the following items, the amount equivalent to the amount specified in each of those items is included in gross profit in calculating the amount of income for the business year that includes the day on which it came to so fall:

⑦With regard to the remaining transaction liability reserve in the case where the corporation prescribed in paragraph (5) has had its approval for filing blue returns revoked or has submitted a written notification to the effect that it will discontinue filing returns using blue returns, the same rules as in the provisions of Article 57, paragraph (6) of the Former Act apply. In this case, the phrase "has set aside a reserve for liability for securities transactions referred to in paragraph (1) or a reserve for liability for commodity transactions referred to in paragraph (2)" in that paragraph is deemed to be replaced with "has the remaining transaction liability reserve prescribed in Article 13, paragraph (5) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 17 of 1996; hereinafter referred to as the "1996 Amendment Act") (hereinafter referred to as the "remaining transaction liability reserve" in this paragraph)", the phrase "the amount of the reserve for liability for securities transactions or the amount of the reserve for liability for commodity transactions as of" is deemed to be replaced with "the remaining transaction liability reserve as of", the phrase "that amount of the reserve for liability for securities transactions or amount of the reserve for liability for commodity transactions" is deemed to be replaced with "that remaining transaction liability reserve", and the phrase "the preceding three paragraphs and paragraph (9)" is deemed to be replaced with "Article 13, paragraphs (5) and (6) of the Supplementary Provisions of the 1996 Amendment Act".

⑧The number of months referred to in paragraph (5) is calculated according to the calendar, and any fraction of less than one month is counted as one month.

⑨The treatment of the remaining transaction liability reserve in the case where the corporation prescribed in paragraph (5) has carried out a merger in any business year from the business year of the amendment onward, and other necessary matters concerning the application of the provisions of that paragraph and paragraph (6), are specified by Cabinet Order.

⑩The amount of the reserve for abnormal risks pertaining to nuclear damage liability insurance referred to in Article 57-6, paragraph (1) of the Former Act that has been set aside pursuant to the provisions of that paragraph is deemed to be the amount of the reserve for abnormal risks pertaining to nuclear insurance referred to in Article 57-6, paragraph (1) of the New Act set aside pursuant to the provisions of that paragraph at the time when it was set aside, and the provisions of that Article apply.

⑪The provisions of Article 57-7 of the New Act apply to corporation tax for business years of Kansai International Airport Company, Ltd. ending on or after the date on which the Act Partially Amending the Kansai International Airport Company, Ltd. Act comes into effect, and with regard to corporation tax for business years of that company that ended before that date, the provisions then in force continue to govern.

⑫With regard to the inclusion in gross profit of the amount of the reserve for promoting the use of recycled resources that a corporation prescribed in Article 57-8, paragraph (1) of the Former Act set aside pursuant to the provisions of that paragraph in a business year beginning before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 62-2, paragraph (3), item (ii), (e) of the New Act apply to land, etc. listed in item (ii), (e) of that paragraph that a corporation acquires on or after the date on which the Act Partially Amending the Act on Emergency Measures for the Promotion of Superior Residential Land Development in Metropolitan Areas comes into effect, and with regard to land, etc. listed in Article 62-2, paragraph (3), item (ii), (e) of the Former Act that a corporation acquired before that date, the provisions then in force continue to govern.

①The provisions of Article 62-3 of the New Act apply to the amount of capital gain prescribed in Article 62-3, paragraph (1) of the New Act (including the amount included in gross profit prescribed in paragraph (9) of that Article that pertains to that transfer, etc. of land; hereinafter referred to as the "amount of capital gain on land under the New Act" in this paragraph) pertaining to a transfer, etc. of land prescribed in paragraph (1) of that Article (excluding one to which the provisions of Article 63, paragraph (1) or Article 63-2, paragraph (1) of the New Act apply) that a corporation makes on or after January 1, 1996, and with regard to the amount of capital gain prescribed in Article 62-3, paragraph (1) of the Former Act (including the amount included in gross profit prescribed in paragraph (9) of that Article that pertains to that transfer, etc. of land; hereinafter referred to as the "amount of capital gain on land under the Former Act" in this paragraph) pertaining to a transfer, etc. of land prescribed in Article 62-3, paragraph (1) of the Former Act (excluding one to which the provisions of Article 63, paragraph (1) or Article 63-2, paragraph (1) of the Former Act apply) that a corporation made before that date, the provisions then in force continue to govern. In this case, if the total of the amount of capital gain on land under the New Act and the amount of capital gain on land under the Former Act for each business year in which there are both an amount of capital gain on land under the New Act and an amount of capital gain on land under the Former Act (hereinafter referred to as the "total amount of capital gain on land under the new and former Acts" in this paragraph) falls under the cases prescribed in the following items, the provisions of those items apply:

②The provisions of Article 63 of the New Act apply to the amount of capital gain prescribed in Article 63, paragraph (1) of the New Act (including the amount included in gross profit prescribed in Article 62-3, paragraph (9) of the New Act as applied mutatis mutandis pursuant to paragraph (4) of that Article that pertains to that transfer, etc. of land held for a short period; hereinafter referred to as the "amount of capital gain on land held for a short period under the New Act" in this paragraph) pertaining to a transfer, etc. of land held for a short period prescribed in paragraph (1) of that Article (excluding one to which the provisions of Article 63-2, paragraph (1) of the New Act apply) that a corporation makes on or after January 1, 1996, and with regard to the amount of capital gain prescribed in Article 63, paragraph (1) of the Former Act (including the amount included in gross profit prescribed in Article 62-3, paragraph (9) of the Former Act as applied mutatis mutandis pursuant to paragraph (4) of that Article that pertains to that transfer, etc. of land held for a short period; hereinafter referred to as the "amount of capital gain on land held for a short period under the Former Act" in this paragraph) pertaining to a transfer, etc. of land held for a short period prescribed in Article 63, paragraph (1) of the Former Act (excluding one to which the provisions of Article 63-2, paragraph (1) of the Former Act apply) that a corporation made before that date, the provisions then in force continue to govern. In this case, if the total of the amount of capital gain on land held for a short period under the New Act and the amount of capital gain on land held for a short period under the Former Act for each business year in which there are both an amount of capital gain on land held for a short period under the New Act and an amount of capital gain on land held for a short period under the Former Act (hereinafter referred to as the "total amount of capital gain on land held for a short period under the new and former Acts" in this paragraph) falls under the cases prescribed in the following items, the provisions of those items apply:

③The provisions of Article 63-2 of the New Act apply to the amount of capital gain prescribed in paragraph (1) of that Article (including the amount included in gross profit prescribed in Article 62-3, paragraph (9) of the New Act as applied mutatis mutandis pursuant to paragraph (4) of that Article that pertains to that transfer, etc. of land held for a super-short period; hereinafter referred to as the "amount of capital gain on land held for a super-short period under the New Act" in this paragraph) pertaining to a transfer, etc. of land held for a super-short period prescribed in that paragraph that a corporation makes on or after January 1, 1996, and with regard to the amount of capital gain prescribed in Article 63-2, paragraph (1) of the Former Act (including the amount included in gross profit prescribed in Article 62-3, paragraph (9) of the Former Act as applied mutatis mutandis pursuant to paragraph (4) of that Article that pertains to that transfer, etc. of land held for a super-short period; hereinafter referred to as the "amount of capital gain on land held for a super-short period under the Former Act" in this paragraph) pertaining to a transfer, etc. of land held for a super-short period prescribed in that paragraph that a corporation made before that date, and the amount equivalent to the exceeding amount prescribed in Article 63-2, paragraph (5) of the Former Act pertaining to the amount of capital gain on land held for a super-short period under the Former Act, the provisions then in force continue to govern. In this case, if the total of the amount of capital gain on land held for a super-short period under the New Act and the amount of capital gain on land held for a super-short period under the Former Act for each business year in which there are both an amount of capital gain on land held for a super-short period under the New Act and an amount of capital gain on land held for a super-short period under the Former Act (hereinafter referred to as the "total amount of capital gain on land held for a super-short period under the new and former Acts" in this paragraph) falls under the cases prescribed in the following items, the provisions of those items apply:

①The provisions of Article 65-3, paragraph (2) of the New Act apply to corporation tax on a transfer of land, etc. prescribed in paragraph (1) of that Article that a corporation makes on or after January 1, 1997.

②The provisions of Article 65-4, paragraph (1), item (vii) of the New Act apply to corporation tax on a transfer of land, etc. prescribed in that paragraph that a corporation makes on or after the date on which the Act Partially Amending the Act on Improvement of Areas Along Trunk Roads, etc. comes into effect.

③The provisions of Article 65-4, paragraph (2) of the New Act apply to corporation tax on a transfer of land, etc. prescribed in paragraph (1) of that Article that a corporation makes on or after January 1, 1997, and with regard to corporation tax on a transfer of land, etc. prescribed in Article 65-4, paragraph (1) of the Former Act that a corporation made before that date, the provisions then in force continue to govern.

④With regard to the application of the provisions of Article 65-7, paragraph (1), Article 65-8, paragraph (1) and Article 65-9 of the New Act during the period from the Effective Date to the day before the date specified in Article 1, item (vi) of the Supplementary Provisions, the phrase "item (xxi) of that table" in those provisions is deemed to be replaced with "item (xx) of that table".

⑤The provisions of Article 65-7 of the New Act (limited to the part relating to item (xviii) of the table in paragraph (1) of that Article) and Article 65-8 of the New Act (limited to the part relating to that item) apply to the assets listed in the right-hand column of that item and the special account referred to in paragraph (1) of that Article pertaining to those assets in the case where a corporation transfers the assets listed in the left-hand column of that item on or after the date on which the Act Partially Amending the Act on Improvement of Areas Along Trunk Roads, etc. comes into effect and acquires the assets listed in the right-hand column of that item on or after that date.

⑥The provisions of Article 65-7 of the New Act (limited to the part relating to item (xx) of the table in paragraph (1) of that Article) and Article 65-8 of the New Act (limited to the part relating to that item) apply to the assets listed in the right-hand column of that item that, in the case where a corporation transfers the assets listed in the left-hand column of that item on or after the Effective Date, the corporation acquired (including construction and manufacture; the same applies hereinafter in this Article) before the Effective Date or acquires on or after the Effective Date, and to the special account referred to in paragraph (1) of that Article pertaining to those assets, and with regard to the assets listed in the right-hand column of item (xix) of the table in Article 65-7, paragraph (1) of the Former Act that, in the case where a corporation transferred the assets listed in the left-hand column of that item before the Effective Date, the corporation acquired before the Effective Date or acquires on or after the Effective Date, and the special account referred to in Article 65-8, paragraph (1) of the Former Act pertaining to those assets, the provisions then in force continue to govern.

⑦The provisions of Article 65-7 of the New Act (limited to the part relating to item (xxi) of the table in paragraph (1) of that Article) and Article 65-8 of the New Act (limited to the part relating to that item) apply to the assets listed in the right-hand column of that item and the special account referred to in paragraph (1) of that Article pertaining to those assets in the case where a corporation transfers the assets listed in the left-hand column of that item on or after the Effective Date and acquires the assets listed in the right-hand column of that item on or after the Effective Date, and with regard to the assets listed in the right-hand column of item (xx) of the table in Article 65-7, paragraph (1) of the Former Act that, in the case where a corporation transferred the assets listed in the left-hand column of that item before the Effective Date, the corporation acquired before the Effective Date or acquires on or after the Effective Date, and the special account referred to in Article 65-8, paragraph (1) of the Former Act pertaining to those assets, and the assets listed in the right-hand column of that item that, in the case where a corporation transfers the assets listed in the left-hand column of that item on or after the Effective Date, the corporation acquired before the Effective Date, the provisions then in force continue to govern.

⑧With regard to the application of the provisions of the preceding two paragraphs during the period from the Effective Date to the day before the date specified in Article 1, item (vi) of the Supplementary Provisions, the phrase "item (xx)" in paragraph (6) is deemed to be replaced with "item (xix)", and the phrase "item (xxi)" in the preceding paragraph is deemed to be replaced with "item (xx)".

①The provisions of Article 66-13, paragraph (1) of the New Act apply to the amount of special loss prescribed in that paragraph for business years of a corporation beginning on or after the Effective Date, and with regard to the amount of special loss prescribed in Article 66-13, paragraph (1) of the Former Act for business years of a corporation that began before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 66-13, paragraph (2), item (iii) and paragraph (3), item (iii) of the New Act apply to the amount of special loss prescribed in paragraph (2) of that Article for business years of a corporation beginning on or after the Effective Date.

The provisions of Article 68-6 of the New Act apply to statements of receipts and disbursements for business years of public interest corporations, etc. prescribed in that Article beginning on or after January 1, 1997.

①With regard to inheritance tax on land, etc. or buildings, etc. prescribed in Article 69-4, paragraph (1) of the Former Act that were acquired through inheritance or bequest (including a gift that takes effect upon the death of the donor; hereinafter the same applies in this Article) before January 1, 1996, or on such land, etc. or buildings, etc. that were acquired through a gift (excluding a gift that takes effect upon the death of the donor; hereinafter the same applies in this Article) and to which the provisions of Article 19 of the Inheritance Tax Act (Act No. 73 of 1950) apply, where the inheritance pertaining to that application commenced before that date, the provisions then in force continue to govern, except for what is provided for in paragraphs (3) and (4).

②With regard to inheritance tax on land, etc. or buildings, etc. prescribed in Article 69-4, paragraph (1) of the Former Act that were acquired through inheritance or bequest during the period from January 1, 1996 to the day before the Effective Date, or on such land, etc. or buildings, etc. that were acquired through a gift and to which the provisions of Article 19 of the Inheritance Tax Act apply, where the inheritance pertaining to that application commenced within that period, the provisions of Article 69-4 of the Former Act do not apply, except in the case where the person who acquired that land, etc. or buildings, etc. through that inheritance, bequest or gift has chosen, pursuant to the provisions of Cabinet Order, to apply the provisions of that Article.

③In the case where an individual holds land, etc. prescribed in Article 69-4, paragraph (1) of the Former Act that the individual acquired by inheritance or bequest during the period from January 1, 1991 to December 31, 1995, or land, etc. that the individual acquired by gift which is subject to the provisions of Article 19 of the Inheritance Tax Act and for which the inheritance pertaining to that application commenced within that period, the amount of inheritance tax pertaining to that individual under the provisions of that Act (meaning the amount of inheritance tax before applying the provisions of Article 19 of that Act (limited to the part concerning the deduction of the amount calculated, as specified by Cabinet Order, as the amount of gift tax prescribed in paragraph (1) of that Article) and the provisions of Articles 19-2 through 21) is to be whichever is the smaller of the amount specified in the following items according to which of the categories of persons listed in those items the individual falls under, and the amount calculated by multiplying by 70 percent the amount equivalent to the taxable value for inheritance tax prescribed in Article 15, paragraph (1) of the Inheritance Tax Act pertaining to the individual in the case where the provisions of Article 69-4, paragraph (1) of the Former Act are deemed not to apply to that land, etc. and the provisions of that paragraph are deemed to apply to buildings, etc. prescribed in that paragraph.

④If an individual whose amount of inheritance tax referred to in the preceding paragraph is, pursuant to the provisions of that paragraph, the amount calculated by multiplying by the 70 percent prescribed in that paragraph is a spouse prescribed in Article 19-2, paragraph (1) of the Inheritance Tax Act, the provisions of that paragraph apply to that spouse by deeming the amount calculated by multiplying by that 70 percent (or, if the spouse is a person to whom the provisions of Article 19 of that Act apply, the amount obtained by deducting from that amount the amount calculated, as specified by Cabinet Order, as the amount of gift tax prescribed in paragraph (1) of that Article that is to be deducted pursuant to the provisions of that paragraph) to be the amount listed in Article 19-2, paragraph (1), item (i) of that Act, and the amount calculated by multiplying the amount listed in item (i) by the ratio listed in item (ii) to be the amount listed in item (ii) of that paragraph, respectively.

⑤If an individual who acquired property by inheritance or bequest within the period prescribed in paragraph (3), or an heir (including a universal legatee) of that individual, has, by the day before the Effective Date, filed a return for inheritance tax (including a tax return filed after the due date prescribed in Article 18, paragraph (2) of the Act on General Rules for National Taxes (Act No. 66 of 1962) pertaining to that return) or received a determination under the provisions of Article 25 of that Act, and the amount of inheritance tax pertaining to that return or determination (or, if, after filing that return or receiving that determination and by that day, an amended return form prescribed in Article 19, paragraph (3) of that Act was filed or a reassessment was made under the provisions of Article 24 or Article 26 of that Act, the amount of inheritance tax pertaining to that amended return or reassessment) has become excessive as a result of the application of the provisions of the preceding two paragraphs, those persons may, within six months from the Effective Date, file with the district director a request for reassessment under the provisions of Article 23, paragraph (1) of that Act with regard to that amount of inheritance tax.

⑥A person who intends to file the request for reassessment referred to in the preceding paragraph is to attach documents concerning the evaluation of the market value of the land, etc. prescribed in paragraph (3) at the time of the inheritance or bequest, or gift, prescribed in that paragraph to the written request for reassessment prescribed in Article 23, paragraph (3) of the Act on General Rules for National Taxes.

⑦With regard to the application of the provisions of Article 39, paragraph (1) of the Former Act and of Article 39, paragraph (1) 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. 22 of 1994), for which the provisions then in force continue to govern pursuant to the provisions of Article 9, paragraph (5) of the Supplementary Provisions of that Act, in the case where an individual who holds land, etc. prescribed in Article 69-4, paragraph (1) of the Former Act that the individual acquired by inheritance or bequest during the period from January 1, 1991 to December 31, 1995, or land, etc. that the individual acquired by gift which is subject to the provisions of Article 19 of the Inheritance Tax Act and for which the inheritance pertaining to that application commenced within that period, and whose amount of inheritance tax prescribed in paragraph (3) is, pursuant to the provisions of that paragraph, the amount calculated by multiplying by the 70 percent prescribed in that paragraph, has, by the day before the Effective Date, transferred assets acquired by that inheritance or bequest, or gift, that were included in the basis for calculating the taxable value for inheritance tax prescribed in Article 15, paragraph (1) of the Inheritance Tax Act, the phrase "amount of inheritance tax under the provisions of that Act" in those provisions is deemed to be replaced with "amount equivalent to the amount of inheritance tax under the provisions of the Inheritance Tax Act in the case where the provisions of Article 19, paragraph (3) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 17 of 1996) are deemed not to apply", and the phrase "that amount of inheritance tax" is deemed to be replaced with "the amount equivalent to that amount of inheritance tax".

⑧Beyond what is specified in paragraphs (5) and (6), the technical replacement of terms in the provisions of Articles 19 through 21 and Article 27 of the Inheritance Tax Act in the case where the provisions of paragraph (3) or paragraph (4) apply, and other necessary matters concerning the application of the provisions of paragraph (3), paragraph (4) or the preceding paragraph are specified by Cabinet Order.

①The provisions of Article 70-7, paragraphs (1) and (2) of the New Act apply in the case where, as a result of a transfer by expropriation or exchange, etc. prescribed in paragraph (1) of that Article having been made on or after the Effective Date with regard to agricultural land, etc. prescribed in that paragraph, the case listed in Article 70-4, paragraph (17), item (i) or item (ii) of the New Act has come to apply.

②The provisions of Article 70-7, paragraphs (1) and (2) of the New Act and of the preceding paragraph apply mutatis mutandis to a person who is subject to the application of the provisions of Article 19, paragraph (1) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 16 of 1991; referred to as the "1991 Amendment Act" in paragraph (4)). In this case, the necessary technical replacement of terms is specified by Cabinet Order.

③The provisions of Article 70-7, paragraphs (3) and (4) of the New Act apply in the case where, as a result of a transfer by expropriation or exchange, etc. prescribed in paragraph (3) of that Article having been made on or after the Effective Date with regard to specified agricultural land, etc. prescribed in that paragraph, the case listed in Article 70-6, paragraph (21), item (i) or item (ii) of the New Act has come to apply.

④The provisions of Article 70-7, paragraphs (3) and (4) of the New Act and of the preceding paragraph apply mutatis mutandis to a person who is subject to the application of the main clause of Article 70-6, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1991 Amendment Act, which remains in force pursuant to the provisions of Article 19, paragraph (5) of the Supplementary Provisions of the 1991 Amendment Act. In this case, the necessary technical replacement of terms is specified by Cabinet Order.

①The provisions of Article 71, paragraph (2) of the New Act apply to land value tax on land, etc. referred to in paragraph (1) of that Article held by an individual or corporation at the taxation time of each year of 1996 and subsequent years.

②The provisions of Article 71-4 of the New Act apply to land value tax on land, etc. prescribed in paragraph (1) of that Article held by a business cooperative, etc. prescribed in that paragraph and on land, etc. prescribed in paragraph (2) of that Article held by an individual or corporation, at the taxation time of each year of 1997 and subsequent years, and with regard to land value tax on land, etc. prescribed in Article 71-3, paragraph (1) of the Former Act held by a business cooperative, etc. prescribed in that paragraph and on land, etc. prescribed in paragraph (3) of that Article held by an individual or corporation, at the taxation time of each year of 1996 and earlier years, the provisions then in force continue to govern.

③The provisions of Article 71-6 of the New Act apply to land value tax on land, etc. prescribed in paragraph (1) of that Article held by the Organization for Promoting Urban Development prescribed in that paragraph at the taxation time of each year of 1996 and subsequent years.

④The provisions of Article 71-16 of the New Act apply to land value tax on land, etc. prescribed in paragraph (1) of that Article held by an individual or corporation at the taxation time of each year of 1996 and subsequent years.

①With regard to registration and license tax on the registration of the creation of a superficies right in the case where, before the Effective Date, a forest development corporation prescribed in Article 77-2, paragraph (2) of the Former Act has had that superficies right created in its favor on land pertaining to a profit-sharing forest growing contract prescribed in that paragraph, the provisions then in force continue to govern.

②The 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 that is 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 that was acquired through exchange and consolidation prescribed in that paragraph carried out before the Effective Date, the provisions then in force continue to govern.

④The provisions of Article 78-3, paragraph (2) 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 small and medium sized enterprise operator who is a member or affiliated member prescribed in that paragraph acquires, on or after the Effective Date, from a business cooperative, etc. prescribed in that paragraph, and with regard to registration and license tax on the registration of transfer of ownership of land prescribed in that paragraph that a small and medium sized enterprise operator who is a member or affiliated member prescribed in Article 78-3, paragraph (2) of the Former Act acquired, before the Effective Date, from a business cooperative, etc. prescribed in that paragraph, the provisions then in force continue to govern.

⑤With regard to the registration of preservation of ownership of oceangoing vessels prescribed in Article 2 of the Act on Temporary Measures concerning Interest Subsidy Related to Loan for Building Vessels for Overseas Services (Act No. 1 of 1953) (limited to those that have never been used for business) that a person engaged in marine transportation business who is specified by Cabinet Order newly builds during the period from the Effective Date to the day before the date on which the Act Partially Amending the Marine Transportation Act comes into effect, for the building of which an interest subsidy contract prescribed in Article 3 of that Act has been concluded (including those specified by Cabinet Order as being equivalent thereto), and that are specified by Cabinet Order as contributing significantly to the rationalization of the management of that business, the rate of registration and license tax on that registration is, limited to registration received within that period as provided for by Order of the Ministry of Finance, to be 3/1,000 (2/1,000 for tankers specified by Cabinet Order, from among those oceangoing vessels, as contributing significantly to the prevention of marine pollution by oil spills), notwithstanding the provisions of Article 9 of the Registration and License Tax Act (Act No. 35 of 1967).

⑥In the case where a loan of funds (including a guarantee of the obligations pertaining to that loan) is made for the building of oceangoing vessels prescribed in the preceding paragraph that a person prescribed in that paragraph newly builds within the period prescribed in that paragraph, or in the case where the method of payment of the consideration for those oceangoing vessels is deferred payment, the rate of registration and license tax on the registration of the creation of a mortgage on those oceangoing vessels received to secure the claims pertaining to that loan or deferred payment (including the right to reimbursement pertaining to that guarantee) is, limited to registration received within that period as provided for by Order of the Ministry of Finance, to be 3/1,000 (2/1,000 for tankers prescribed in that paragraph), notwithstanding the provisions of Article 9 of the Registration and License Tax Act.

⑦With regard to the matters listed in the items of Article 81 of the Former Act pertaining to an approval under the provisions of Article 8, paragraph (2) or (3) of the Small and Medium Sized Enterprise Modernization Promotion Act (Act No. 64 of 1963) that pertains to a small and medium sized enterprise structural improvement plan prescribed in Article 4, paragraph (1) of that Act (limited to one that sets out a plan for a project concerning the rationalization of the scale or method of production or management prescribed in that paragraph) approved under the provisions of paragraph (1) or (2) of that Article before the Effective Date, and that was given within five years from the date on which the approval under the provisions of Article 4, paragraph (1) or (2) of that Act was given, and with regard to the matters listed in the items of Article 81 of the Former Act pertaining to an approval under the provisions of Article 8, paragraph (2) or (3) of that Act that pertains to a small and medium sized enterprise structural improvement plan prescribed in Article 4, paragraph (1) of the Small and Medium Sized Enterprise Modernization Promotion Act (limited to one that sets out a plan for a project concerning the rationalization of the scale or method of production or management prescribed in that paragraph; the same applies hereinafter in this paragraph) approved under the provisions of paragraph (1) or (2) of that Article during the period from the Effective Date to March 31, 1998, and that is given within five years from the date on which the approval under the provisions of Article 4, paragraph (1) or (2) of that Act is given, the provisions of Article 81 of the Former Act remain in force. In this case, with regard to the application of the provisions of that Article to the matters listed in the items of Article 81 of the Former Act pertaining to an approval under the provisions of Article 8, paragraph (2) or (3) of that Act that pertains to a small and medium sized enterprise structural improvement plan approved under the provisions of Article 4, paragraph (1) or (2) of the Small and Medium Sized Enterprise Modernization Promotion Act during the period from the Effective Date to March 31, 1998, the phrase "during the period up to March 31, 1996, paragraph (1) of that Article" in that Article is deemed to be replaced with "during the period up to March 31, 1998, paragraph (1) of that Article".

⑧With regard to the registration or recording prescribed in Article 81-2 of the Former Act that Japan Tobacco Inc. receives during the period from the Effective Date to March 31, 1997, the provisions of that Article remain in force.

⑨The provisions of Article 81-2 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 without compensation 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 without compensation or at a reduced price as prescribed in that Article, the provisions then in force continue to govern.

⑩With regard to the application of the provisions of Article 81-2 of the New Act during the period from the Effective Date to the day before the date on which the Act Partially Amending the Act on Special Measures Associated with the Reorganization of National Hospitals, etc. (Act No. 43 of 1996) comes into effect, the phrase "Article 2, paragraph (1), Article 2-2" in that Article is deemed to be replaced with "Article 2", and the phrase "medical institution (including facilities specified by Cabinet Order as facilities to be developed integrally with that medical institution)" is deemed to be replaced with "medical institution".

⑪The 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 a specified private urban development project, etc. prescribed in that paragraph that is 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 a specified private urban development project, etc. prescribed in Article 83, paragraph (1) of the Former Act that is carried out with a loan of funds prescribed in that paragraph received before the Effective Date, the provisions then in force continue to govern.

⑫With regard to the registrations listed in the left-hand column of the items of the table in Article 84 of the Former Act that the stock companies and limited companies prescribed in Article 38 of the Act on Temporary Special Provisions of Acts Related to National Tax, in Relation to Victims, etc. of Hanshin-Awaji Earthquake (Act No. 11 of 1995) receive during the period from the Effective Date to March 31, 1997, the provisions of that Article remain in force.

①With regard to liquor tax on happoshu prescribed in Article 4, paragraph (1) of the Liquor Tax Act (Act No. 6 of 1953) that was imposed or should have been imposed before October 1, 1996 (hereinafter referred to as the "designated day" in this Article), the provisions then in force continue to govern, except for what is specified in the following paragraph and paragraph (3).

②With regard to happoshu prescribed in Article 4, paragraph (1) of the Liquor Tax Act that was removed from a liquor manufacturing site before the designated day (limited to happoshu for which the amount of liquor tax calculated at the tax rate prescribed in Article 87-3, paragraph (1) of the New Act (hereinafter referred to as the "tax rate under the New Act" in this Article) would exceed the amount of liquor tax calculated at the tax rate prescribed in Article 22, paragraph (1) of the Liquor Tax Act; the same applies hereinafter in this Article) and that pertains to a notification or approval under Article 28, paragraph (3) of that Act (including as applied mutatis mutandis pursuant to Article 29, paragraph (3) of that Act; the same applies hereinafter in this paragraph) (limited to happoshu for which the day listed in the relevant item of Article 28, paragraph (3) of that Act pertaining to that notification or approval arrives on or after the designated day), in the case where the documents prescribed in that paragraph were not submitted by the day listed in the relevant item of Article 28, paragraph (3) of that Act, the rate of liquor tax on that happoshu is to be the tax rate under the New Act.

④With regard to the application of penal provisions to acts committed before the designated day and to acts committed on or after the designated day in relation to liquor tax for which the provisions then in force are to continue to govern pursuant to the provisions of paragraph (1), the provisions then in force continue to govern.

The provisions of Article 90-9, paragraph (1), item (i), (a) of the New Act apply to motor vehicle tonnage tax on inspected motor vehicles for which the issuance, etc. of an automobile inspection certificate prescribed in that paragraph is received on or after May 1, 1996, and with regard to motor vehicle tonnage tax on inspected motor vehicles for which the issuance, etc. of an automobile inspection certificate prescribed in Article 90-9, paragraph (1) of the Former Act was received before that date, the provisions then in force continue to govern.