The provisions of Article 71-7 of the New Act on Special Measures Concerning Taxation apply to land value tax on land, etc. prescribed in paragraphs (1) through (3) 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. 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.