This Act comes into effect on April 1, 2009; provided, however, that the provisions set forth in the following items come into effect on the dates specified respectively in those items:

Unless otherwise provided, the provisions of Chapter II of the Act on Special Measures Concerning Taxation as amended by the provisions of Article 5 (hereinafter referred to as the "New Act on Special Measures Concerning Taxation" up to Article 69 of the Supplementary Provisions) apply to income tax for 2009 and subsequent years, and the provisions then in force continue to govern income tax for 2008 and prior years.

The provisions of Article 8-4, paragraph (4) of the New Act on Special Measures Concerning Taxation apply to listed share dividends, etc. prescribed in that paragraph that are paid on or after the Effective Date, and the provisions then in force continue to govern listed share dividends, etc. prescribed in Article 8-4, paragraph (4) of the Act on Special Measures Concerning Taxation prior to the amendment by the provisions of Article 5 (hereinafter referred to as the "Former Act on Special Measures Concerning Taxation" up to Article 68 of the Supplementary Provisions) that were paid before the Effective Date.

The provisions of Article 9-4-2 of the New Act on Special Measures Concerning Taxation apply to the termination or partial cancellation of a listed securities investment trust prescribed in paragraph (1) of that Article that takes place on or after the Effective Date.

The provisions of Article 9-5, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to the termination or partial cancellation of a publicly offered securities investment trust for shares and similar interests prescribed in that paragraph that takes place on or after the Effective Date, and the provisions then in force continue to govern the termination or partial cancellation of a publicly offered securities investment trust for shares and similar interests prescribed in Article 9-5, paragraph (1) of the Former Act on Special Measures Concerning Taxation that took place before the Effective Date.

The provisions of Article 10-2, paragraphs (6) and (7) of the New Act on Special Measures Concerning Taxation 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.

The provisions of Article 10-6, paragraphs (1) and (3) of the New Act on Special Measures Concerning Taxation apply to information infrastructure enhancement equipment, etc. prescribed in paragraph (1) of that Article that an individual acquires or manufactures on or after the Effective Date, and the provisions then in force continue to govern information infrastructure enhancement equipment, etc. prescribed in Article 10-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual acquired or manufactured before the Effective Date.

①The provisions of Article 11, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to specified equipment, etc. prescribed in that paragraph 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 the provisions then in force continue to govern specified equipment, etc. prescribed in Article 11, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual made an acquisition, etc. of before the Effective Date.

②The provisions of Article 11-2, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (i) of the table in that paragraph) apply to earthquake disaster prevention assets prescribed in that paragraph that an individual makes an acquisition, etc. of on or after the Effective Date, and the provisions then in force continue to govern earthquake disaster prevention assets prescribed in Article 11-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual made an acquisition, etc. of before the Effective Date.

③The provisions of Article 11-3, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to equipment for business innovation prescribed in that paragraph that an individual acquires or manufactures on or after the date specified in Article 1, item (ii) of the Supplementary Provisions, and the provisions then in force continue to govern equipment for business innovation prescribed in Article 11-3, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual acquired or manufactured before that date.

④The provisions of Article 11-3, paragraphs (2) through (5) of the New Act on Special Measures Concerning Taxation apply to equipment, etc. for responding to changes in the structure of resource supply and demand prescribed in Article 11-3, paragraph (2) of the New Act on Special Measures Concerning Taxation that an individual makes an acquisition, etc. of on or after the date specified in Article 1, item (ii) of the Supplementary Provisions.

⑤The provisions of Article 11-7 of the New Act on Special Measures Concerning Taxation apply to equipment for manufacturing new-use processed rice products, etc. prescribed in Article 11-7, paragraph (1) of the New Act on Special Measures Concerning Taxation that an individual acquires or manufactures on or after the date specified in Article 1, item (iii) of the Supplementary Provisions.

⑥With regard to industrial machinery, etc. prescribed in Article 12, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual makes an acquisition, etc. of during the period from the Effective Date to March 31, 2012 within a district listed in item (i), (d) of the table in Article 12, paragraph (1) of the Former Act on Special Measures Concerning Taxation (limited to a district designated as a water resources area before the Effective Date pursuant to the provisions of Article 3, paragraph (1) of the Act on Special Measures concerning Measures Related to Water Resources Areas (Act No. 118 of 1973)), the provisions of that paragraph (limited to the part concerning item (i), (d) of the table in that paragraph) remain in force.

⑦The provisions of Article 12, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (i), (d) of the table in that paragraph) apply to industrial machinery, etc. prescribed in that paragraph that an individual makes an acquisition, etc. of on or after the Effective Date.

⑧The provisions of Article 12-2, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to medical equipment, etc. prescribed in that paragraph that an individual acquires or manufactures on or after the Effective Date, and the provisions then in force continue to govern medical equipment, etc. prescribed in Article 12-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual acquired or manufactured before the Effective Date.

⑨The provisions of Article 14 of the New Act on Special Measures Concerning Taxation (limited to the part concerning paragraph (2)) apply to good-quality rental housing for the elderly prescribed in that paragraph that an individual acquires or newly constructs on or after the date specified in Article 1, item (iv) of the Supplementary Provisions.

⑩With regard to good-quality rental housing for the elderly prescribed in Article 14, paragraph (2) of the Former Act on Special Measures Concerning Taxation that an individual acquired or newly constructed before the date specified in Article 1, item (iv) of the Supplementary Provisions, the provisions of that Article (limited to the part concerning that paragraph) remain in force.

⑪The provisions of Article 14-2 of the New Act on Special Measures Concerning Taxation (limited to the part concerning paragraph (2), item (i)) apply to specified redevelopment buildings, etc. prescribed in paragraph (1) of that Article that an individual acquires or newly constructs on or after the Effective Date.

⑫With regard to specified redevelopment buildings, etc. prescribed in Article 14-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual acquired or newly constructed before the Effective Date, the provisions of that Article (limited to the part concerning paragraph (2), item (i)) remain in force.

①With regard to the calculation of the amount of business income for each year from 2010 onward of an individual listed in the left-hand column of item (ii) of the table in Article 20-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation (excluding one engaged in the business of coal mining), the provisions of that Article (limited to the part concerning paragraphs (3) through (6) and paragraph (8)) remain in force.

②The provisions of Article 24-2 of the New Act on Special Measures Concerning Taxation (limited to the part concerning paragraph (3) and paragraphs (7) through (9)) apply in the case where an individual who has set aside a reserve for strengthening the farm management base prescribed in paragraph (1) of that Article comes to fall under the case listed in paragraph (3), item (iii) of that Article on or after the Effective Date, and the provisions then in force continue to govern the case where an individual who has set aside a reserve for strengthening the farm management base prescribed in Article 24-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation came to fall under the case listed in paragraph (3), item (iii) of that Article before the Effective Date.

①The provisions then in force continue to govern a transfer of land, etc. prescribed in Article 31-2, paragraph (2), item (xiii) of the Former Act on Special Measures Concerning Taxation that an individual carried out before the Effective Date.

②The provisions then in force continue to govern the case where land, etc. prescribed in Article 34, paragraph (1) of the Former Act on Special Measures Concerning Taxation held by an individual was purchased, before the date specified in Article 1, item (v) of the Supplementary Provisions, pursuant to a ruling prescribed in Article 34, paragraph (2), item (iii) of the Former Act on Special Measures Concerning Taxation.

③If, on or after the date specified in Article 1, item (v) of the Supplementary Provisions, land, etc. prescribed in Article 34, paragraph (1) of the New Act on Special Measures Concerning Taxation that pertains to a right to use grassland prescribed in Article 75-2, paragraph (1) of the Cropland Act (Act No. 229 of 1952) prior to the amendment by the provisions of Article 1 of the Act Partially Amending the Cropland Act, etc. (Act No. 57 of 2009), for which the provisions then in force continue to govern pursuant to the provisions of Article 7, paragraph (2) of the Supplementary Provisions of that Act (hereinafter referred to as the "Former Cropland Act" in this paragraph), is purchased pursuant to a ruling under Article 75-8, paragraph (1) of the Former Cropland Act, the provisions of Article 34 of the New Act on Special Measures Concerning Taxation apply by deeming the case of that purchase to fall under the case of a purchase for a specified land readjustment project, etc. prescribed in paragraph (2) of that Article.

④The provisions then in force continue to govern the case where land, etc. prescribed in Article 34-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation held by an individual was purchased, before the date specified in Article 1, item (vi) of the Supplementary Provisions, by a corporation prescribed in Article 34-2, paragraph (2), item (xiii) of the Former Act on Special Measures Concerning Taxation for use in the business referred to in that item (limited to the part concerning (a)).

⑤If, on or after the date specified in Article 1, item (vi) of the Supplementary Provisions, land, etc. prescribed in Article 34-2, paragraph (1) of the New Act on Special Measures Concerning Taxation held by an individual is purchased by a corporation in which a local government has made a capital contribution or any other corporation specified by Cabinet Order, for use in an upgrading project prescribed in Article 4, paragraph (7), item (i) of the Small and Medium-sized Retail Business Promotion Act (Act No. 101 of 1973) based on an upgrading project plan that has received certification under the provisions of paragraphs (1) through (3) or paragraph (6) of that Article (limited to an upgrading project based on an upgrading project plan that received that certification before that date, for which it has been certified, as provided by Order of the Ministry of Finance, that it satisfies the requirements specified by Cabinet Order, such as being carried out in conformity with city planning or any other plan of the State or a local government concerning land use), the provisions of Article 34-2 of the New Act on Special Measures Concerning Taxation apply by deeming the case of that purchase to fall under the case of a purchase for a specified housing land development project, etc. prescribed in paragraph (2) of that Article.

⑥The provisions of Article 34-2, paragraph (2), item (xiii), (a) of the New Act on Special Measures Concerning Taxation apply to a transfer of land, etc. prescribed in Article 34-2, paragraph (1) of the New Act on Special Measures Concerning Taxation that an individual carries out on or after the date specified in Article 1, item (vi) of the Supplementary Provisions.

⑦The provisions of Article 34-2, paragraph (2), item (xxv) of the New Act on Special Measures Concerning Taxation apply to a transfer of land, etc. prescribed in Article 34-2, paragraph (1) of the New Act on Special Measures Concerning Taxation that an individual carries out on or after the date specified in Article 1, item (v) of the Supplementary Provisions, and the provisions then in force continue to govern a transfer of land, etc. prescribed in Article 34-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual carried out before that date.

⑧The provisions then in force continue to govern the case where an individual, before the date specified in Article 1, item (v) of the Supplementary Provisions, transferred land, etc. prescribed in Article 34-3, paragraph (1) of the Former Act on Special Measures Concerning Taxation held by the individual to a specified agricultural corporation prescribed in paragraph (2), item (iii) of that Article through consultation prescribed in that item.

⑨The provisions of Article 37-9-5 of the New Act on Special Measures Concerning Taxation apply to land, etc. acquired in advance prescribed in paragraph (1) of that Article that an individual acquires, as prescribed in that paragraph, on or after January 1, 2009.

①The provisions of Article 38, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to payments or deliveries prescribed in that paragraph that are made on or after the Effective Date, and the provisions then in force continue to govern payments prescribed in Article 38, paragraph (1) of the Former Act on Special Measures Concerning Taxation that were made before the Effective Date.

②The provisions of Article 38, paragraph (2) of the New Act on Special Measures Concerning Taxation apply to consideration for the transfer of shares, etc. prescribed in that paragraph for which payment prescribed in that paragraph is received on or after the Effective Date, and the provisions then in force continue to govern consideration for the transfer of shares, etc. prescribed in Article 38, paragraph (2) of the Former Act on Special Measures Concerning Taxation for which payment prescribed in that paragraph was received before the Effective Date.

③The provisions of Article 38, paragraph (3) of the New Act on Special Measures Concerning Taxation apply to the termination or partial cancellation of a listed investment trust, etc. prescribed in that paragraph, or a trust split pertaining to a specified trust that issues beneficiary certificates prescribed in that paragraph, that takes place on or after January 1, 2010.

①The provisions of Article 40-4, paragraphs (1) through (4) of the New Act on Special Measures Concerning Taxation apply to the amount of applicable income prescribed in paragraph (1) of that Article for business years of a specified foreign subsidiary, etc. prescribed in that paragraph beginning on or after the Effective Date and to the taxable amount prescribed in that paragraph pertaining to that amount of applicable income, and the provisions then in force continue to govern the amount of applicable retained income prescribed in Article 40-4, paragraph (1) of the Former Act on Special Measures Concerning Taxation for business years of a specified foreign subsidiary, etc. prescribed in that paragraph that began before the Effective Date and the taxable retained amount prescribed in that paragraph pertaining to that amount of applicable retained income.

②The provisions of Article 40-5 of the New Act on Special Measures Concerning Taxation apply in the case where a resident has an amount of dividends of surplus, etc. prescribed in paragraph (1) of that Article that the resident receives from a specified foreign subsidiary, etc. prescribed in that paragraph (limited to an amount pertaining to business years of that specified foreign subsidiary, etc. beginning on or after the Effective Date), and the provisions then in force continue to govern the case where any of the facts listed in the items of Article 40-5, paragraph (1) of the Former Act on Special Measures Concerning Taxation has arisen with respect to a specified foreign subsidiary, etc. or a foreign affiliated company prescribed in that paragraph pertaining to a resident prescribed in that paragraph (limited to a fact pertaining to business years of that specified foreign subsidiary, etc. or foreign affiliated company that began before the Effective Date).

③Out of the taxable retained amount prescribed in Article 40-5, paragraph (1) of the Former Act on Special Measures Concerning Taxation for business years of a specified foreign subsidiary, etc. prescribed in that paragraph that began before the Effective Date (limited to an amount included in gross revenue in calculating the amount of miscellaneous income of a resident for the year prescribed in Article 40-5, paragraph (1), item (i) of the New Act on Special Measures Concerning Taxation) or the amount of undeducted dividends, etc. prescribed in Article 40-5, paragraph (2) of the Former Act on Special Measures Concerning Taxation, the amount of the part corresponding to each year within three years up to and including the preceding year prescribed in Article 40-5, paragraph (1), item (ii) of the New Act on Special Measures Concerning Taxation of a resident is deemed to be the amounts listed in the items of that paragraph for that resident, and the provisions of that paragraph apply.

①The provisions of Article 40-7, paragraph (1), paragraph (2), item (iii), paragraph (3) and paragraph (4) of the New Act on Special Measures Concerning Taxation apply to the amount of applicable income prescribed in paragraph (1) of that Article for business years of a specified foreign corporation prescribed in that paragraph beginning on or after the Effective Date and to the taxable amount prescribed in that paragraph pertaining to that amount of applicable income, and the provisions then in force continue to govern the amount of applicable retained income prescribed in Article 40-10, paragraph (1) of the Former Act on Special Measures Concerning Taxation for business years of a specified foreign corporation prescribed in that paragraph that began before the Effective Date and the taxable retained amount prescribed in that paragraph pertaining to that amount of applicable retained income.

②The provisions of Article 40-8 of the New Act on Special Measures Concerning Taxation apply in the case where a resident who is a specially-related shareholder, etc. prescribed in paragraph (1) of that Article has an amount of dividends of surplus, etc. prescribed in that paragraph that the resident receives from a specified foreign corporation prescribed in that paragraph (limited to an amount pertaining to business years of that specified foreign corporation beginning on or after the Effective Date), and the provisions then in force continue to govern the case where any of the facts listed in the items of Article 40-11, paragraph (1) of the Former Act on Special Measures Concerning Taxation has arisen with respect to a specified foreign corporation or a foreign affiliated corporation prescribed in that paragraph pertaining to a resident prescribed in that paragraph (limited to a fact pertaining to business years of that specified foreign corporation or foreign affiliated corporation that began before the Effective Date).

③Out of the taxable retained amount prescribed in Article 40-11, paragraph (1) of the Former Act on Special Measures Concerning Taxation for business years of a specified foreign corporation prescribed in that paragraph that began before the Effective Date (limited to an amount included in gross revenue in calculating the amount of miscellaneous income of a resident who is a specially-related shareholder, etc. prescribed in Article 40-8, paragraph (1), item (i) of the New Act on Special Measures Concerning Taxation for the year prescribed in that item) or the amount of undeducted dividends, etc. prescribed in Article 40-11, paragraph (2) of the Former Act on Special Measures Concerning Taxation, the amount of the part corresponding to each year within three years up to and including the preceding year prescribed in Article 40-8, paragraph (1), item (ii) of the New Act on Special Measures Concerning Taxation of a resident who is a specially-related shareholder, etc. prescribed in that item is deemed to be the amounts listed in the items of that paragraph for that resident, and the provisions of that paragraph apply.

①The provisions of Articles 41 and 41-2-2 of the New Act on Special Measures Concerning Taxation apply in the case where a resident uses a house for residential use, an existing house or a house on which renovation work, etc. has been carried out (limited to the part pertaining to that renovation work, etc.) prescribed in Article 41, paragraph (1) of the New Act on Special Measures Concerning Taxation, or a house pertaining to new construction, etc. of certified long-life quality housing prescribed in paragraph (5) of that Article, as the resident's own residence, as provided in paragraph (1) of that Article, on or after January 1, 2009, and the provisions then in force continue to govern the case where a resident used a house for residential use, an existing house or a house on which renovation work, etc. has been carried out (limited to the part pertaining to that renovation work, etc.) prescribed in Article 41, paragraph (1) of the Former Act on Special Measures Concerning Taxation as the resident's own residence, as provided in that paragraph, before that date.

②With regard to the application of the provisions of Articles 41 through 41-2-2 of the New Act on Special Measures Concerning Taxation in the case where a resident has amounts of housing loans, etc. pertaining to housing acquisition, etc. relating to two or more years of residence prescribed in Article 41-2, paragraph (1) of the New Act on Special Measures Concerning Taxation, those provisions apply to the amount of the special tax credit for housing loans, etc. referred to in that paragraph for the applicable years prescribed in that paragraph for which the resident seeks to receive that application that are 2009 or subsequent years, and the provisions then in force continue to govern the amount of the special tax credit for housing loans, etc. referred to in Article 41-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation for applicable years prescribed in that paragraph that are 2008 or prior years in the case where a resident has amounts of housing loans, etc. pertaining to housing acquisition, etc. relating to two or more years of residence prescribed in that paragraph.

①The provisions of Article 41-3-2 of the New Act on Special Measures Concerning Taxation (excluding the part concerning paragraph (12)) apply in the case where a resident uses a house on which housing renovation work, etc. prescribed in paragraph (1) or (4) of that Article has been carried out (limited to the part pertaining to that housing renovation work, etc.; the same applies hereinafter in this paragraph) as the resident's own residence, as provided in paragraph (1) or (4) of that Article, on or after January 1, 2009, and the provisions then in force continue to govern the case where a resident used a house on which housing renovation work, etc. prescribed in Article 41-3-2, paragraph (1) or (4) of the Former Act on Special Measures Concerning Taxation has been carried out as the resident's own residence, as provided in paragraph (1) or (4) of that Article, before that date.

②With regard to the application of the provisions of Article 41-3-2, paragraph (12) of the New Act on Special Measures Concerning Taxation in the case where a resident has an amount of housing loans, etc. for renovation work, etc. prescribed in that paragraph and an amount of other housing loans, etc. prescribed in that paragraph, those provisions apply to the amount of the special tax credit for housing loans, etc. referred to in paragraph (1) or (4) of that Article for the years of application of the special provisions for renovation work, etc. prescribed in paragraph (1) or (4) of that Article for which the resident seeks to receive that application that are 2009 or subsequent years, and, in the case where a resident has an amount of housing loans, etc. for renovation work, etc. prescribed in Article 41-3-2, paragraph (11) of the Former Act on Special Measures Concerning Taxation and an amount of other housing loans, etc. prescribed in that paragraph, the provisions then in force continue to govern the amount of the special tax credit for housing loans, etc. referred to in paragraph (1) or (4) of that Article for years of application of the special provisions for renovation work, etc. prescribed in paragraph (1) or (4) of that Article that are 2008 or prior years.

The provisions of Article 41-19-2 of the New Act on Special Measures Concerning Taxation apply in the case where a resident carries out housing seismic retrofit prescribed in paragraph (1) of that Article on or after January 1, 2009, and the provisions then in force continue to govern the case where a resident carried out housing seismic retrofit prescribed in Article 41-19-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation before that date.

The provisions of Article 41-21 of the New Act on Special Measures Concerning Taxation apply to domestic source income prescribed in Article 161 of the Income Tax Act that a nonresident referred to in paragraph (1) of Article 41-21 has on or after the Effective Date, or to domestic source income listed in items (i)-2 through (vii) or items (ix) through (xii) of Article 161 of the Income Tax Act that a foreign corporation referred to in that paragraph is to receive on or after the Effective Date.

Unless otherwise provided, the provisions of Chapter III of the New Act on Special Measures Concerning Taxation 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; the same applies hereinafter) beginning on or after the Effective Date and to corporation tax for consolidated business years of a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation beginning on or after the Effective Date, and the provisions then in force continue to govern corporation tax for business years of a corporation that began before the Effective Date and corporation tax for consolidated business years of a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation that began before the Effective Date.

The provisions of Article 42-3-2 of the New Act on Special Measures Concerning Taxation apply to corporation tax for business years of a corporation ending on or after the Effective Date.

The provisions of Article 42-5, paragraphs (6) and (7) of the New Act on Special Measures Concerning Taxation 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.

①The provisions of Article 43, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to specified equipment, etc. prescribed in that paragraph 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 the provisions then in force continue to govern specified equipment, etc. prescribed in Article 43, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation made an acquisition, etc. of before the Effective Date.

②The provisions of Article 43-2, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to research facilities prescribed in that paragraph that a corporation makes an acquisition, etc. of on or after the Effective Date, and the provisions then in force continue to govern research facilities prescribed in Article 43-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation made an acquisition, etc. of before the Effective Date.

③With regard to assets for conservation projects, etc. prescribed in Article 43-3, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation that received the certification prescribed in that paragraph for a plan for conservation projects, etc. prescribed in that paragraph before the Effective Date makes an acquisition, etc. of within a period of three years from the date of that certification, the provisions of that Article remain in force.

④The provisions of Article 44, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (i) of the table in that paragraph) apply to earthquake disaster prevention assets prescribed in that paragraph that a corporation makes an acquisition, etc. of on or after the Effective Date, and the provisions then in force continue to govern earthquake disaster prevention assets prescribed in Article 44, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation made an acquisition, etc. of before the Effective Date.

⑤The provisions of Article 44-3, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to equipment for business innovation prescribed in that paragraph that a corporation acquires or manufactures on or after the date specified in Article 1, item (ii) of the Supplementary Provisions, and the provisions then in force continue to govern equipment for business innovation prescribed in Article 44-3, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation acquired or manufactured before that date.

⑥The provisions of Article 44-3, paragraphs (2) and (3) of the New Act on Special Measures Concerning Taxation apply to equipment, etc. for responding to changes in the structure of resource supply and demand prescribed in Article 44-3, paragraph (2) of the New Act on Special Measures Concerning Taxation that a corporation makes an acquisition, etc. of on or after the date specified in Article 1, item (ii) of the Supplementary Provisions.

⑦The provisions of Article 44-7 of the New Act on Special Measures Concerning Taxation apply to equipment for manufacturing new-use processed rice products, etc. prescribed in Article 44-7, paragraph (1) of the New Act on Special Measures Concerning Taxation that a corporation acquires or manufactures on or after the date specified in Article 1, item (iii) of the Supplementary Provisions.

⑧With regard to industrial machinery, etc. prescribed in Article 45, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation makes an acquisition, etc. of during the period from the Effective Date to March 31, 2012 within a district listed in item (i), (d) of the table in Article 45, paragraph (1) of the Former Act on Special Measures Concerning Taxation (limited to a district designated as a water resources area before the Effective Date pursuant to the provisions of Article 3, paragraph (1) of the Act on Special Measures concerning Measures Related to Water Resources Areas), the provisions of that paragraph (limited to the part concerning (d) of that item) remain in force.

⑨The provisions of Article 45, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (i), (d) of the table in that paragraph) apply to industrial machinery, etc. prescribed in that paragraph that a corporation makes an acquisition, etc. of on or after the Effective Date.

⑩The provisions of Article 45-2, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to medical 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 medical equipment, etc. prescribed in Article 45-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation acquired or manufactured before the Effective Date.

⑪The provisions of Article 47 of the New Act on Special Measures Concerning Taxation (limited to the part concerning paragraph (3)) apply to good-quality rental housing for the elderly prescribed in that paragraph that a corporation acquires or newly constructs on or after the date specified in Article 1, item (iv) of the Supplementary Provisions.

⑬The provisions of Article 47-2 of the New Act on Special Measures Concerning Taxation (limited to the part concerning paragraph (3), item (i)) apply to specified redevelopment buildings, etc. prescribed in paragraph (1) of that Article that a corporation acquires or newly constructs on or after the Effective Date.

⑮The provisions of Article 52, paragraph (1) of the New Act on Special Measures Concerning Taxation apply in the case where a corporation disburses, in a business year beginning on or after the Effective Date, planting expenses prescribed in paragraph (1) of that Article pertaining to a project covered by a subsidy, benefit or anything else equivalent thereto (hereinafter referred to as a "subsidy, etc." in this paragraph) granted by the State or a local government on or after the Effective Date, and the provisions then in force continue to govern the case where a corporation disbursed planting expenses prescribed in Article 52, paragraph (1) of the Former Act on Special Measures Concerning Taxation in a business year that began before the Effective Date, or the case where a corporation disburses, in a business year beginning on or after the Effective Date, planting expenses prescribed in that paragraph pertaining to a project covered by a subsidy, etc. granted by the State or a local government before the Effective Date.

②If a corporation prescribed in Article 57, paragraph (1) of the Former Act on Special Measures Concerning Taxation has an amount of the reserve for losses on computer buybacks prescribed in paragraph (4) of that Article as of the first day of the first business year beginning on or after the Effective Date (where the first business year beginning on or after the Effective Date falls under a consolidated business year, the first day of that consolidated business year), an amount equivalent to the amount calculated by multiplying the amount of that reserve for losses on computer buybacks by the number of months in each business year and dividing the product by 60 (referred to as the "amount drawn down in equal parts over five years" in the following paragraph) is included in gross profit in calculating the amount of income for each business year (excluding a business year that falls under a consolidated business year) that includes any day within five years from that first day.

③In the case referred to in the preceding paragraph, if the amount drawn down in equal parts over five years exceeds the amount of the reserve for losses on computer buybacks as of the end of the business year (where, by that date, there is an amount that has been included, or has come to be included, in gross profit pursuant to the provisions of the following paragraph out of the amount of the reserve for losses on computer buybacks prescribed in that paragraph (including an amount included in gross profit pursuant to the provisions of Article 57, paragraph (4) of the Supplementary Provisions), or an amount that has been included in gross profit pursuant to the provisions of the preceding paragraph by the end of the preceding business year (where the business year that includes the day preceding the first day of that business year falls under a consolidated business year, the consolidated business year that includes that preceding day) (including an amount included in gross profit pursuant to the provisions of paragraph (2) of that Article), the amount remaining after deducting those amounts; the same applies hereinafter in this Article), the amount drawn down in equal parts over five years is to be the amount of that reserve for losses on computer buybacks.

④If a corporation to which the provisions of paragraph (2) apply comes to fall under any of the cases listed in the following items (excluding the case where, through a qualified merger or qualified company split by split-off, it has come not to carry out all of the buybacks of computers subject to the buyback referred to in paragraph (3) of Article 57 of the Former Act on Special Measures Concerning Taxation that it sold, before that qualified merger or qualified company split by split-off, to a specified computer leasing company prescribed in paragraph (2) of that Article (hereinafter referred to as "specified computers" in this paragraph and paragraph (11))), an amount equivalent to the amount specified in the relevant item is included in gross profit in calculating the amount of income for the business year that includes the date on which it came to fall under that case (in the case listed in item (ii), the business year that includes the day preceding the date of the merger).

⑤If a corporation to which the provisions of paragraph (2) apply has its approval for filing blue returns revoked, or submits a written notification stating that it will cease filing blue returns, by the day on which four years have elapsed from the first day of the first business year beginning on or after the Effective Date (where the first business year beginning on or after the Effective Date falls under a consolidated business year, the first day of that consolidated business year), the amount of the reserve for losses on computer buybacks as of the date on which the fact giving rise to the revocation of the approval occurred or the date on which the written notification was submitted (where the date on which the written notification was submitted is after the end of the business year in which the corporation ceased filing blue returns, the end of that business year) is, as specified by Cabinet Order, included in gross profit in calculating the amount of income for each business year from the business year that includes that date to the business year that includes the day preceding the day on which two years have elapsed from the first day of that business year (where the business year that includes the day preceding the day on which two years have elapsed from the first day of that business year (hereinafter referred to as the "date two years have passed" in this paragraph) falls under a consolidated business year, the business year that includes the day preceding the first day of the consolidated business year that first began during the period from the day following the first day of that business year to the date two years have passed). In this case, the provisions of paragraph (2), the preceding paragraph, paragraph (8) and paragraph (11) do not apply to that amount of the reserve for losses on computer buybacks.

⑥If a corporation to which the provisions of paragraph (2) apply is, in the case where the business year does not fall under a consolidated business year and the business year that includes the day preceding the first day of that business year fell under a consolidated business year, not a person who may file the tax return, etc. for that business year using a blue return (including the case where it has come to be a person who may not file the tax return, etc. for that business year using a blue return because its approval for filing blue returns has been revoked or it has submitted a written notification stating that it will cease filing blue returns), the amount of the reserve for losses on computer buybacks as of the end of that business year is included in gross profit in calculating the amount of income for that business year. In this case, the provisions of that paragraph, the preceding two paragraphs, paragraph (8) and paragraph (11) do not apply.

⑦The number of months referred to in paragraph (2) is calculated according to the calendar, and a fraction of less than one month is counted as one month.

⑧If a qualified merger in which a corporation to which the provisions of paragraph (2) apply is the merged corporation is carried out (excluding the case prescribed in the first sentence of Article 57, paragraph (6) of the Supplementary Provisions), the amount of the reserve for losses on computer buybacks immediately before the qualified merger is to be taken over by that merging corporation. In this case, the amount of the reserve for losses on computer buybacks taken over by the merging corporation is deemed to be the amount of the reserve for losses on computer buybacks referred to in paragraph (2) that the merging corporation holds as of the date of the qualified merger (where the business year of the merging corporation that includes the date of the qualified merger falls under a consolidated business year, the amount of the reserve for losses on computer buybacks referred to in paragraph (2) of that Article).

⑨In the case referred to in the preceding paragraph or Article 57, paragraph (6) of the Supplementary Provisions, if the merging corporation referred to in those provisions (excluding one that falls under a consolidated corporation after the qualified merger) is not a person who may file the tax return, etc. for the business year that includes the date of the qualified merger using a blue return or a person that has the special agreement specified by Cabinet Order as prescribed in Article 57, paragraph (3) of the Former Act on Special Measures Concerning Taxation, the amount of the reserve for losses on computer buybacks as of the end of that business year is included in gross profit in calculating the amount of income for that business year.

⑩With regard to the application of the provisions of paragraph (2) to each business year on or after the business year that includes the date of the qualified merger (where the business year that includes the date of the qualified merger falls under a consolidated business year, each business year after that consolidated business year) of the merging corporation referred to in paragraph (8) or Article 57, paragraph (6) of the Supplementary Provisions (excluding one that falls under a consolidated corporation after the qualified merger), the amount of the reserve for losses on computer buybacks prescribed in paragraph (2) is to include the amount of the reserve for losses on computer buybacks deemed to be held by the merging corporation pursuant to the provisions of paragraph (8) or paragraph (6) of that Article. In this case, with regard to the amount of the reserve for losses on computer buybacks deemed to be held by the merging corporation, the phrase "by the number of months in each business year and dividing the product by 60" in paragraph (2) is deemed to be replaced with "by the number of months in each business year (for the business year that includes the date of the qualified merger, the number of months in the period from that date to the end of the business year that includes that date) and dividing the product by the number of months obtained by deducting from 60 months the number of months in the elapsed period (meaning the period from the first day of the first business year beginning on or after the Effective Date (where the first business year beginning on or after the Effective Date falls under a consolidated business year, the first day of that consolidated business year) to the day preceding the date of the qualified merger)".

⑪If a qualified company split by split-off in which a corporation to which the provisions of paragraph (2) apply is the splitting corporation is carried out (excluding the case prescribed in the first sentence of Article 57, paragraph (9) of the Supplementary Provisions) and the successor corporation in a company split pertaining to that qualified company split by split-off has come to carry out all of the buybacks of specified computers, the amount of the reserve for losses on computer buybacks immediately before the qualified company split by split-off is to be taken over by that successor corporation in a company split. In this case, the amount of the reserve for losses on computer buybacks taken over by the successor corporation in a company split is deemed to be the amount of the reserve for losses on computer buybacks referred to in paragraph (2) that the successor corporation in a company split holds as of the date of the qualified company split by split-off (where the business year of the successor corporation in a company split that includes the date of the qualified company split by split-off falls under a consolidated business year, the amount of the reserve for losses on computer buybacks referred to in paragraph (2) of that Article).

⑫In the case referred to in the preceding paragraph or Article 57, paragraph (9) of the Supplementary Provisions, if the successor corporation in a company split referred to in those provisions (excluding one that falls under a consolidated corporation after the qualified company split by split-off) is not a person who may file the tax return, etc. for the business year that includes the date of the qualified company split by split-off using a blue return or a person that has the special agreement specified by Cabinet Order as prescribed in Article 57, paragraph (3) of the Former Act on Special Measures Concerning Taxation, the amount of the reserve for losses on computer buybacks as of the end of that business year is included in gross profit in calculating the amount of income for that business year.

⑬With regard to the application of the provisions of paragraph (2) to each business year on or after the business year that includes the date of the qualified company split by split-off (where the business year that includes the date of the qualified company split by split-off falls under a consolidated business year, each business year after that consolidated business year) of the successor corporation in a company split referred to in paragraph (11) or Article 57, paragraph (9) of the Supplementary Provisions (excluding one that falls under a consolidated corporation after the qualified company split by split-off), the amount of the reserve for losses on computer buybacks prescribed in paragraph (2) is to include the amount of the reserve for losses on computer buybacks deemed to be held by the successor corporation in a company split pursuant to the provisions of paragraph (11) or paragraph (9) of that Article. In this case, with regard to the amount of the reserve for losses on computer buybacks deemed to be held by the successor corporation in a company split, the phrase "by the number of months in each business year and dividing the product by 60" in paragraph (2) is deemed to be replaced with "by the number of months in each business year (for the business year that includes the date of the qualified company split by split-off, the number of months in the period from that date to the end of the business year that includes that date) and dividing the product by the number of months obtained by deducting from 60 months the number of months in the elapsed period (meaning the period from the first day of the first business year beginning on or after the Effective Date (where the first business year beginning on or after the Effective Date falls under a consolidated business year, the first day of that consolidated business year) to the day preceding the date of the qualified company split by split-off)".

The provisions of Article 61 of the New Act on Special Measures Concerning Taxation apply to corporation tax for business years ending on or after the Effective Date of a corporation prescribed in paragraph (1) of that Article, and the provisions then in force continue to govern corporation tax for business years that ended before the Effective Date of a corporation prescribed in Article 61, paragraph (1) of the Former Act on Special Measures Concerning Taxation.

①The provisions then in force continue to govern the case where land, etc. prescribed in Article 65-3, paragraph (1) of the Former Act on Special Measures Concerning Taxation held by a corporation was purchased, before the date specified in Article 1, item (v) of the Supplementary Provisions, pursuant to a ruling prescribed in item (iii) of that paragraph.

②If, on or after the date specified in Article 1, item (v) of the Supplementary Provisions, land, etc. prescribed in Article 65-3, paragraph (1) of the New Act on Special Measures Concerning Taxation that pertains to a right to use grassland prescribed in Article 75-2, paragraph (1) of the Cropland Act prior to the amendment by the provisions of Article 1 of the Act Partially Amending the Cropland Act, etc. (Act No. 57 of 2009), for which the provisions then in force continue to govern pursuant to the provisions of Article 7, paragraph (2) of the Supplementary Provisions of that Act (hereinafter referred to as the "Former Cropland Act" in this paragraph), is purchased pursuant to a ruling under Article 75-8, paragraph (1) of the Former Cropland Act, the provisions of Article 65-3 of the New Act on Special Measures Concerning Taxation apply by deeming the case of that purchase to fall under the case listed in paragraph (1), item (iii) of that Article.

③The provisions then in force continue to govern the case where land, etc. prescribed in Article 65-4, paragraph (1) of the Former Act on Special Measures Concerning Taxation held by a corporation was purchased, before the date specified in Article 1, item (vi) of the Supplementary Provisions, by a corporation prescribed in item (xiii) of that paragraph for use in the business referred to in that item (limited to the part concerning (a)).

④If, on or after the date specified in Article 1, item (vi) of the Supplementary Provisions, land, etc. prescribed in Article 65-4, paragraph (1) of the New Act on Special Measures Concerning Taxation held by a corporation is purchased by a corporation in which a local government has made a capital contribution or any other corporation specified by Cabinet Order, for use in an upgrading project prescribed in Article 4, paragraph (7), item (i) of the Small and Medium-sized Retail Business Promotion Act based on an upgrading project plan that has received certification under the provisions of paragraphs (1) through (3) or paragraph (6) of that Article (limited to an upgrading project based on an upgrading project plan that received that certification before that date, for which it has been certified, as provided by Order of the Ministry of Finance, that it satisfies the requirements specified by Cabinet Order, such as being carried out in conformity with city planning or any other plan of the State or a local government concerning land use), the provisions of Article 65-4 of the New Act on Special Measures Concerning Taxation apply by deeming the case of that purchase to fall under the case listed in paragraph (1), item (xiii) of that Article.

⑤The provisions of Article 65-4, paragraph (1), item (xiii), (a) of the New Act on Special Measures Concerning Taxation apply to corporation tax pertaining to a transfer of land, etc. prescribed in that paragraph that a corporation carries out on or after the date specified in Article 1, item (vi) of the Supplementary Provisions.

⑥The provisions of Article 65-4, paragraph (1), item (xxv) of the New Act on Special Measures Concerning Taxation apply to corporation tax pertaining to a transfer of land, etc. prescribed in that paragraph that a corporation carries out on or after the date specified in Article 1, item (v) of the Supplementary Provisions, and the provisions then in force continue to govern corporation tax pertaining to a transfer of land, etc. prescribed in Article 65-4, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation carried out before that date.

⑦The provisions then in force continue to govern the case where an agricultural production corporation prescribed in Article 65-5, paragraph (1) of the Former Act on Special Measures Concerning Taxation transferred, before the date specified in Article 1, item (v) of the Supplementary Provisions, land, etc. prescribed in that paragraph held by it to a specified agricultural corporation prescribed in item (iii) of that paragraph through consultation prescribed in that item.

⑧The provisions of Articles 65-7 through 65-9 of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (xiv) of the table in Article 65-7, paragraph (1) of the New Act on Special Measures Concerning Taxation) apply to assets listed in the right-hand column of item (xiv) of that table that a corporation acquires on or after the date specified in Article 1, item (v) of the Supplementary Provisions, and the provisions then in force continue to govern assets listed in the right-hand column of item (xiv) of the table in Article 65-7, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation acquired before that date.

⑨The provisions of Article 66-2 of the New Act on Special Measures Concerning Taxation apply to land, etc. acquired in advance prescribed in paragraph (1) of that Article that a corporation acquires on or after January 1, 2009.

⑩With regard to the application of the provisions of Article 66-2 of the New Act on Special Measures Concerning Taxation to land, etc. acquired in advance in the case where a corporation prescribed in Article 66-2, paragraph (1) of the New Act on Special Measures Concerning Taxation has acquired land, etc. acquired in advance prescribed in that paragraph in a business year of that corporation ending before the Effective Date (limited to a business year for which the due date for filing the final return prescribed in Article 2, item (xxxi) of the Corporation Tax Act for that business year arrives before April 30, 2009), the phrase "by the due date for filing the final return prescribed in Article 2, item (xxxi) of the Corporation Tax Act for the business year that includes the date of that acquisition" in that paragraph is deemed to be replaced with "by April 30, 2009".

①The provisions of Article 66-6, paragraphs (1) through (4) of the New Act on Special Measures Concerning Taxation apply to the amount of applicable income prescribed in paragraph (1) of that Article for business years of a specified foreign subsidiary, etc. prescribed in that paragraph beginning on or after the Effective Date and to the taxable amount prescribed in that paragraph pertaining to that amount of applicable income, and the provisions then in force continue to govern the amount of applicable retained income prescribed in Article 66-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation for business years of a specified foreign subsidiary, etc. prescribed in that paragraph that began before the Effective Date and the taxable retained amount prescribed in that paragraph pertaining to that amount of applicable retained income.

②The provisions of Article 66-7, paragraphs (1) and (3) of the New Act on Special Measures Concerning Taxation apply to the amount of foreign country's corporate tax prescribed in paragraph (1) of that Article pertaining to the taxable amount prescribed in that paragraph for business years of a specified foreign subsidiary, etc. prescribed in that paragraph beginning on or after the Effective Date, and the provisions then in force continue to govern the amount of foreign country's corporate tax prescribed in Article 66-7, paragraph (1) of the Former Act on Special Measures Concerning Taxation pertaining to the taxable retained amount prescribed in that paragraph for business years of a specified foreign subsidiary, etc. prescribed in that paragraph that began before the Effective Date.

③The provisions of Article 66-8 of the New Act on Special Measures Concerning Taxation apply in the case where a domestic corporation has an amount of dividends of surplus, etc. prescribed in paragraph (1) of that Article that it receives from a specified foreign subsidiary, etc. prescribed in paragraph (2) of that Article (limited to an amount pertaining to business years of that specified foreign subsidiary, etc. beginning on or after the Effective Date), and the provisions then in force continue to govern the case where any of the facts listed in the items of Article 66-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation has arisen with respect to a specified foreign subsidiary, etc. or a foreign affiliated company prescribed in that paragraph pertaining to a domestic corporation prescribed in that paragraph (limited to a fact pertaining to business years of that specified foreign subsidiary, etc. or foreign affiliated company that began before the Effective Date).

④Out of the taxable retained amount prescribed in Article 66-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation for business years of a specified foreign subsidiary, etc. prescribed in that paragraph that began before the Effective Date (limited to an amount included in gross profit in calculating the amount of income for the business year prescribed in Article 66-8, paragraph (3), item (i) of the New Act on Special Measures Concerning Taxation of a domestic corporation (hereinafter referred to as the "business year of dividends, etc." in this paragraph); the same applies hereinafter in this paragraph) or the taxed retained amount prescribed in Article 66-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation (including an amount deemed to be the taxed retained amount prescribed in paragraph (1) of that Article pursuant to the provisions of paragraph (2) or (3) of that Article; the same applies hereinafter in this paragraph), the amount of the part corresponding to each business year within the preceding ten years prescribed in Article 66-8, paragraph (3), item (ii) of the New Act on Special Measures Concerning Taxation of a domestic corporation (hereinafter referred to as "each business year within the preceding ten years" in this paragraph) (excluding the amount equivalent to the amount of dividends of surplus, etc. prescribed in that item that is deducted pursuant to the provisions of that item) is deemed to be the amounts listed in the items of paragraph (3) of that Article for the business year of dividends, etc. or each business year within the preceding ten years that corresponds to the period of the business year or consolidated business year to which the taxable retained amount or taxed retained amount of that domestic corporation pertains, and the provisions of paragraphs (1) through (3) of that Article apply.

⑤With regard to the amount of dividends of surplus, etc. prescribed in Article 66-6, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to an amount pertaining to business years of that specified foreign subsidiary, etc. that began before the Effective Date; the same applies hereinafter in this paragraph) that a domestic corporation receives, in a business year beginning on or after the Effective Date, from a specified foreign subsidiary, etc. prescribed in Article 66-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation pertaining to that domestic corporation, the provisions of Article 23-2 of the New Corporation Tax Act do not apply. In this case, with regard to the part pertaining to that amount of dividends of surplus, etc. out of the amount of foreign country's corporate tax (meaning foreign country's corporate tax prescribed in Article 69, paragraph (1) of the Former Corporation Tax Act; the same applies hereinafter in this paragraph) imposed on the income of that specified foreign subsidiary, etc. and the amount of foreign country's corporate tax imposed on the income of a foreign second-tier subsidiary prescribed in Article 69, paragraph (11) or Article 81-15, paragraph (11) of the Former Corporation Tax Act pertaining to that specified foreign subsidiary, etc., in each business year or each consolidated business year of that domestic corporation beginning on or before the day on which three years have elapsed from the Effective Date, the provisions of Article 28 and Article 69, paragraphs (8), (11) and (13) and paragraphs (15) through (18) of the Former Corporation Tax Act, or Article 81-5 and Article 81-15, paragraphs (8) and (9), paragraphs (11) through (13) and paragraphs (15) through (17) of the Former Corporation Tax Act, remain in force.

⑥With regard to the amount of dividends of surplus, etc. prescribed in Article 66-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation (limited to an amount pertaining to business years of that specified foreign subsidiary, etc. beginning on or after the Effective Date; the same applies hereinafter in this paragraph) that a domestic corporation received, in a business year that began before the Effective Date, from a specified foreign subsidiary, etc. prescribed in Article 66-6, paragraph (1) of the New Act on Special Measures Concerning Taxation pertaining to that domestic corporation (limited to one that falls under a foreign subsidiary prescribed in Article 23-2, paragraph (1) of the New Corporation Tax Act; the same applies hereinafter in this paragraph), the provisions of Article 23-2 of the New Corporation Tax Act apply notwithstanding the provisions of Article 6 of the Supplementary Provisions. In this case, the provisions of Article 12, paragraph (2) or Article 16, paragraph (2) of the Supplementary Provisions do not apply to the part pertaining to that amount of dividends of surplus, etc. out of the amount of foreign country's corporate tax prescribed in Article 69, paragraph (1) of the Former Corporation Tax Act imposed on the income of a foreign subsidiary prescribed in Article 69, paragraph (8) or Article 81-15, paragraph (8) of the Former Corporation Tax Act and of a foreign second-tier subsidiary prescribed in Article 69, paragraph (11) or Article 81-15, paragraph (11) of the Former Corporation Tax Act.

⑦With regard to the application of the provisions of the Former Corporation Tax Act in the case where the provisions of the first sentence of the preceding paragraph apply, the phrase "excluded)" in Article 67, paragraph (3), item (ii) of the Former Corporation Tax Act is deemed to be replaced with "excluded) and the amount that was not included in gross profit in calculating the amount of income for that business year pursuant to the provisions of Article 23-2 (Exclusion of Dividends, etc. Received from Foreign Subsidiaries from Gross Profit) (including the case where it is applied with the replacement of terms pursuant to the provisions of the first sentence of Article 66-8, paragraph (2) (Exclusion of Dividends of Surplus, etc. Received from Specified Foreign Subsidiaries, etc. from Gross Profit, etc.) of the Act on Special Measures Concerning Taxation) as applied pursuant to the provisions of the first sentence of Article 44, paragraph (6) (Transitional Measures Concerning Special Provisions on Taxation on Income of Specified Foreign Subsidiaries, etc. of Domestic Corporations) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 13 of 2009)".

①The provisions of Article 66-9-2, paragraph (1), paragraph (2), item (iii), paragraph (3) and paragraph (4) of the New Act on Special Measures Concerning Taxation apply to the amount of applicable income prescribed in paragraph (1) of that Article for business years of a specified foreign corporation prescribed in that paragraph beginning on or after the Effective Date and to the taxable amount prescribed in that paragraph pertaining to that amount of applicable income, and the provisions then in force continue to govern the amount of applicable retained income prescribed in Article 66-9-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation for business years of a specified foreign corporation prescribed in that paragraph that began before the Effective Date and the taxable retained amount prescribed in that paragraph pertaining to that amount of applicable retained income.

②The provisions of Article 66-9-3, paragraphs (1) and (3) of the New Act on Special Measures Concerning Taxation apply to the amount of foreign country's corporate tax prescribed in paragraph (1) of that Article pertaining to the taxable amount prescribed in that paragraph for business years of a specified foreign corporation prescribed in that paragraph beginning on or after the Effective Date, and the provisions then in force continue to govern the amount of foreign country's corporate tax prescribed in Article 66-9-7, paragraph (1) of the Former Act on Special Measures Concerning Taxation pertaining to the taxable retained amount prescribed in that paragraph for business years of a specified foreign corporation prescribed in that paragraph that began before the Effective Date.

③The provisions of Article 66-9-4 of the New Act on Special Measures Concerning Taxation apply in the case where a domestic corporation that is a specially-related shareholder, etc. prescribed in paragraph (2) of that Article has an amount of dividends of surplus, etc. prescribed in paragraph (1) of that Article that it receives from a specified foreign corporation prescribed in paragraph (2) of that Article (limited to an amount pertaining to business years of that specified foreign corporation beginning on or after the Effective Date), and the provisions then in force continue to govern the case where any of the facts listed in the items of Article 66-9-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation has arisen with respect to a specified foreign corporation or a foreign affiliated corporation prescribed in that paragraph pertaining to a domestic corporation that is a specially-related shareholder, etc. prescribed in that paragraph (limited to a fact pertaining to business years of that specified foreign corporation or foreign affiliated corporation that began before the Effective Date).

④Out of the taxable retained amount prescribed in Article 66-9-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation for business years of a specified foreign corporation prescribed in that paragraph that began before the Effective Date (limited to an amount included in gross profit in calculating the amount of income for the business year prescribed in Article 66-9-4, paragraph (3), item (i) of the New Act on Special Measures Concerning Taxation of a domestic corporation that is a specially-related shareholder, etc. prescribed in that item (hereinafter referred to as the "business year of dividends, etc." in this paragraph); the same applies hereinafter in this paragraph) or the taxed retained amount prescribed in Article 66-9-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation (including an amount deemed to be the taxed retained amount prescribed in Article 66-9-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation pursuant to the provisions of Article 66-8, paragraph (3) of the Former Act on Special Measures Concerning Taxation as applied with the replacement of terms pursuant to the provisions of paragraph (2) or paragraph (3) of Article 66-9-8 of the Former Act on Special Measures Concerning Taxation; the same applies hereinafter in this paragraph), the amount of the part corresponding to each business year within the preceding ten years prescribed in Article 66-9-4, paragraph (3), item (ii) of the New Act on Special Measures Concerning Taxation of a domestic corporation that is a specially-related shareholder, etc. prescribed in that item (hereinafter referred to as "each business year within the preceding ten years" in this paragraph) (excluding the amount equivalent to the amount of dividends of surplus, etc. prescribed in that item that is deducted pursuant to the provisions of that item) is deemed to be the amounts listed in the items of paragraph (3) of that Article for the business year of dividends, etc. or each business year within the preceding ten years that corresponds to the period of the business year or consolidated business year to which the taxable retained amount or taxed retained amount of that domestic corporation pertains, and the provisions of paragraphs (1) through (3) of that Article apply.

⑤With regard to the amount of dividends of surplus, etc. prescribed in Article 66-9-2, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to an amount pertaining to business years of that specified foreign corporation that began before the Effective Date; the same applies hereinafter in this paragraph) that a domestic corporation that is a specially-related shareholder, etc. prescribed in Article 66-9-2, paragraph (1) of the New Act on Special Measures Concerning Taxation receives, in a business year beginning on or after the Effective Date, from a specified foreign corporation prescribed in Article 66-9-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation pertaining to that domestic corporation, the provisions of Article 23-2 of the New Corporation Tax Act do not apply. In this case, with regard to the part pertaining to that amount of dividends of surplus, etc. out of the amount of foreign country's corporate tax (meaning foreign country's corporate tax prescribed in Article 69, paragraph (1) of the Former Corporation Tax Act; the same applies hereinafter in this paragraph) imposed on the income of that specified foreign corporation and the amount of foreign country's corporate tax imposed on the income of a foreign second-tier subsidiary prescribed in Article 69, paragraph (11) or Article 81-15, paragraph (11) of the Former Corporation Tax Act pertaining to that specified foreign corporation, in each business year or each consolidated business year of that domestic corporation beginning on or before the day on which three years have elapsed from the Effective Date, the provisions of Article 28 and Article 69, paragraphs (8), (11) and (13) and paragraphs (15) through (18) of the Former Corporation Tax Act, or Article 81-5 and Article 81-15, paragraphs (8) and (9), paragraphs (11) through (13) and paragraphs (15) through (17) of the Former Corporation Tax Act, remain in force.

⑥With regard to the amount of dividends of surplus, etc. prescribed in Article 66-9-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation (limited to an amount pertaining to business years of that specified foreign corporation beginning on or after the Effective Date; the same applies hereinafter in this paragraph) that a domestic corporation that is a specially-related shareholder, etc. prescribed in Article 66-9-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation received, in a business year that began before the Effective Date, from a specified foreign corporation prescribed in Article 66-9-2, paragraph (1) of the New Act on Special Measures Concerning Taxation pertaining to that domestic corporation (limited to one that falls under a foreign subsidiary prescribed in Article 23-2, paragraph (1) of the New Corporation Tax Act; the same applies hereinafter in this paragraph), the provisions of Article 23-2 of the New Corporation Tax Act apply notwithstanding the provisions of Article 6 of the Supplementary Provisions. In this case, the provisions of Article 12, paragraph (2) or Article 16, paragraph (2) of the Supplementary Provisions do not apply to the part pertaining to that amount of dividends of surplus, etc. out of the amount of foreign country's corporate tax prescribed in Article 69, paragraph (1) of the Former Corporation Tax Act imposed on the income of a foreign subsidiary prescribed in Article 69, paragraph (8) or Article 81-15, paragraph (8) of the Former Corporation Tax Act and of a foreign second-tier subsidiary prescribed in Article 69, paragraph (11) or Article 81-15, paragraph (11) of the Former Corporation Tax Act.

⑦With regard to the application of the provisions of the Former Corporation Tax Act in the case where the provisions of the first sentence of the preceding paragraph apply, the phrase "excluded)" in Article 67, paragraph (3), item (ii) of the Former Corporation Tax Act is deemed to be replaced with "excluded) and the amount that was not included in gross profit in calculating the amount of income for that business year pursuant to the provisions of Article 23-2 (Exclusion of Dividends, etc. Received from Foreign Subsidiaries from Gross Profit) (including the case where it is applied with the replacement of terms pursuant to the provisions of the first sentence of Article 66-9-4, paragraph (2) (Exclusion of Dividends of Surplus, etc. Received from Specified Foreign Corporations from Gross Profit, etc.) of the Act on Special Measures Concerning Taxation) as applied pursuant to the provisions of the first sentence of Article 45, paragraph (6) (Transitional Measures Concerning Special Provisions on Taxation on Income of Specified Foreign Corporations of Domestic Corporations That Are Specially-Related Shareholders, etc.) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 13 of 2009)".

①The provisions of Article 66-10, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to assets for experimental research prescribed in that paragraph that a corporation acquires or manufactures on or after the date specified in Article 1, item (ii) of the Supplementary Provisions, and the provisions then in force continue to govern assets for experimental research prescribed in Article 66-10, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation acquired or manufactured before that date.

②In the case referred to in the preceding paragraph, with regard to the application of the provisions of Article 66-10 of the New Act on Special Measures Concerning Taxation to a mining and manufacturing technology research association which, pursuant to the provisions of Article 6 of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures for Industrial Revitalization, etc. to Promote Innovation, etc. in Industrial Activities in Japan (hereinafter referred to as the "Industrial Revitalization Act, etc. Amendment Act" in this paragraph), is deemed to be a research and development partnership (meaning a research and development partnership prescribed in Article 2, paragraph (1) of the Research and Development Partnerships Act (Act No. 81 of 1961) as amended by the provisions of Article 2 of the Industrial Revitalization Act, etc. Amendment Act) (a mining and manufacturing technology research association here meaning a mining and manufacturing technology research association prescribed in Article 2 of the Act on Mining and Manufacturing Technology Research Associations prior to the amendment by the provisions of Article 2 of the Industrial Revitalization Act, etc. Amendment Act), the phrase "imposes expenses" in paragraph (1) of that Article is deemed to be replaced with "makes an imposition of expenses (including one deemed to be an imposition of expenses under the provisions of Article 9, paragraph (1) of the Research and Development Partnerships Act pursuant to the provisions of Article 11 of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures for Industrial Revitalization, etc. to Promote Innovation, etc. in Industrial Activities in Japan)".

The provisions of Article 66-13, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to the amount of loss incurred in a business year of a corporation ending on or after February 1, 2009, and the provisions then in force continue to govern the amount of loss incurred in a business year prescribed in the main clause of Article 66-13, paragraph (1) of the Former Act on Special Measures Concerning Taxation of a corporation that ended before that date.

①The provisions of Article 67-14, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to corporation tax for business years ending on or after the Effective Date of a specific purpose company prescribed in that paragraph, and the provisions then in force continue to govern corporation tax for business years that ended before the Effective Date of a specific purpose company prescribed in Article 67-14, paragraph (1) of the Former Act on Special Measures Concerning Taxation.

②The provisions of Article 67-14, paragraph (3) of the New Act on Special Measures Concerning Taxation (limited to the part concerning the row for item (i) of the table in Article 42-3-2, paragraph (1) in the table in that paragraph) apply to corporation tax for business years ending on or after the Effective Date of a specific purpose company prescribed in Article 67-14, paragraph (1) of the New Act on Special Measures Concerning Taxation (referred to as a "specific purpose company" in the following paragraph).

③The provisions of Article 67-14, paragraph (3) of the New Act on Special Measures Concerning Taxation (limited to the part concerning the row for Article 66-13, paragraph (1), item (i) in the table in that paragraph) apply to corporation tax for business years of a specific purpose company ending on or after February 1, 2009.

①The provisions of Article 67-15, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to corporation tax for business years ending on or after the Effective Date of an investment corporation prescribed in that paragraph, and the provisions then in force continue to govern corporation tax for business years that ended before the Effective Date of an investment corporation prescribed in Article 67-15, paragraph (1) of the Former Act on Special Measures Concerning Taxation.

②The provisions of Article 67-15, paragraph (4) of the New Act on Special Measures Concerning Taxation (limited to the part concerning the row for item (i) of the table in Article 42-3-2, paragraph (1) in the table in that paragraph) apply to corporation tax of an investment corporation prescribed in Article 67-15, paragraph (2) of the New Act on Special Measures Concerning Taxation (referred to as an "investment corporation" in the following paragraph) for business years ending on or after the Effective Date.

③The provisions of Article 67-15, paragraph (4) of the New Act on Special Measures Concerning Taxation (limited to the part concerning the row for Article 66-13, paragraph (1), item (i) in the table in that paragraph) apply to corporation tax of an investment corporation for business years ending on or after February 1, 2009.

The provisions of Article 67-16 of the New Act on Special Measures Concerning Taxation apply to domestic source income prescribed in Article 138 of the Corporation Tax Act that a foreign corporation referred to in paragraph (1) of that Article has on or after the Effective Date.

①The provisions of Article 67-17, paragraph (3) of the New Act on Special Measures Concerning Taxation apply to redemption gains prescribed in that paragraph on discount bonds prescribed in that paragraph that a foreign corporation issues on or after the Effective Date.

②The provisions of Article 67-17, paragraph (4) of the New Act on Special Measures Concerning Taxation apply to redemption gains prescribed in that paragraph that a foreign corporation listed in Article 141, items (ii) through (iv) of the Corporation Tax Act receives on discount bonds prescribed in that paragraph that are issued on or after the Effective Date.

The provisions of Article 68-3-2, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to corporation tax of a Trust Corporation prescribed in that paragraph of a specified-purpose trust prescribed in that paragraph for business years ending on or after the Effective Date, and the provisions then in force continue to govern corporation tax of a Trust Corporation prescribed in Article 68-3-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation of a specified-purpose trust prescribed in that paragraph for business years that ended before the Effective Date.

The provisions of Article 68-3-3, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to corporation tax of a Trust Corporation prescribed in that paragraph of a specified investment trust prescribed in that paragraph for business years ending on or after the Effective Date, and the provisions then in force continue to govern corporation tax of a Trust Corporation prescribed in Article 68-3-3, paragraph (1) of the Former Act on Special Measures Concerning Taxation of a specified investment trust prescribed in that paragraph for business years that ended before the Effective Date.

The provisions of Article 68-8 of the New Act on Special Measures Concerning Taxation apply to corporation tax of a consolidated parent corporation for consolidated business years ending on or after the Effective Date.

The provisions of Article 68-10, paragraphs (6) and (7) of the New Act on Special Measures Concerning Taxation apply to equipment, etc. for promoting reform of the energy supply and demand structure prescribed in paragraph (1) of that Article that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires, manufactures or constructs on or after the Effective Date.

①The provisions of Article 68-16, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to specified equipment, etc. prescribed in that paragraph that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent 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 the provisions then in force continue to govern specified equipment, etc. prescribed in Article 68-16, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made an acquisition, etc. of before the Effective Date.

②The provisions of Article 68-17, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to research facilities prescribed in that paragraph that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation makes an acquisition, etc. of on or after the Effective Date, and the provisions then in force continue to govern research facilities prescribed in Article 68-17, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made an acquisition, etc. of before the Effective Date.

③With regard to assets for conservation projects, etc. prescribed in Article 68-18, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation that received the certification prescribed in that paragraph for a plan for conservation projects, etc. prescribed in that paragraph before the Effective Date makes an acquisition, etc. of within a period of three years from the date of that certification, the provisions of that Article remain in force.

④The provisions of Article 68-19, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (i) of the table in that paragraph) apply to earthquake disaster prevention assets prescribed in that paragraph that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation makes an acquisition, etc. of on or after the Effective Date, and the provisions then in force continue to govern earthquake disaster prevention assets prescribed in Article 68-19, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made an acquisition, etc. of before the Effective Date.

⑤The provisions of Article 68-21, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to equipment for business innovation prescribed in that paragraph that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires or manufactures on or after the date specified in Article 1, item (ii) of the Supplementary Provisions, and the provisions then in force continue to govern equipment for business innovation prescribed in Article 68-21, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquired or manufactured before that date.

⑥The provisions of Article 68-21, paragraphs (2) and (3) of the New Act on Special Measures Concerning Taxation apply to equipment, etc. for responding to changes in the structure of resource supply and demand prescribed in Article 68-21, paragraph (2) of the New Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation makes an acquisition, etc. of on or after the date specified in Article 1, item (ii) of the Supplementary Provisions.

⑦The provisions of Article 68-26 of the New Act on Special Measures Concerning Taxation apply to equipment for manufacturing new-use processed rice products, etc. prescribed in Article 68-26, paragraph (1) of the New Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires or manufactures on or after the date specified in Article 1, item (iii) of the Supplementary Provisions.

⑧With regard to the application of the provisions of Article 68-27, paragraph (1) of the New Act on Special Measures Concerning Taxation to industrial machinery, etc. prescribed in Article 45, paragraph (1) of the Former Act on Special Measures Concerning Taxation, which remains in force pursuant to the provisions of Article 40, paragraph (8) of the Supplementary Provisions, that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation makes an acquisition, etc. of during the period from the Effective Date to March 31, 2012 within a district listed in item (i), (d) of the table in Article 45, paragraph (1) of the Former Act on Special Measures Concerning Taxation, which remains in force pursuant to the provisions of Article 40, paragraph (8) of the Supplementary Provisions (limited to a district designated as a water resources area before the Effective Date pursuant to the provisions of Article 3, paragraph (1) of the Act on Special Measures concerning Measures Related to Water Resources Areas), the phrase "districts listed" in that paragraph is deemed to be replaced with "districts listed (including the districts listed in item (i), (d) of the table in Article 45, paragraph (1) of the Act on Special Measures Concerning Taxation before the amendment by Article 5 of the Act Partially Amending the Income Tax Act, etc. (Act No. 13 of 2009), which remains in force pursuant to the provisions of Article 40, paragraph (8) of the Supplementary Provisions of that Act (hereinafter referred to as the "Former Act on Special Measures Concerning Taxation Kept in Force" in this paragraph) (hereinafter referred to as a "district under the transitional measures" in this paragraph))"; the phrase "the business listed in the second column of the respective items" is deemed to be replaced with "the business listed in the second column of the respective items (for a district under the transitional measures, the manufacturing business or any other business specified by Cabinet Order)"; and the phrase "the depreciable assets listed in the third column of the respective items (that table" is deemed to be replaced with "the depreciable assets listed in the third column of the respective items (for a district under the transitional measures, machinery and equipment, and buildings and their associated facilities, that are specified by Cabinet Order; the table in Article 45, paragraph (1) and the table in Article 45, paragraph (1) of the Former Act on Special Measures Concerning Taxation Kept in Force".

⑨The provisions of Article 68-27, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (i), (d) of the table in Article 45, paragraph (1) of the New Act on Special Measures Concerning Taxation) apply to industrial machinery, etc. prescribed in Article 68-27, paragraph (1) of the New Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation makes an acquisition, etc. of on or after the Effective Date.

⑩The provisions of Article 68-29, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to medical equipment, etc. prescribed in that paragraph that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires or manufactures on or after the Effective Date, and the provisions then in force continue to govern medical equipment, etc. prescribed in Article 68-29, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquired or manufactured before the Effective Date.

⑪The provisions of Article 68-34 of the New Act on Special Measures Concerning Taxation (limited to the part concerning paragraph (3)) apply to good-quality rental housing for the elderly prescribed in that paragraph that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires or newly constructs on or after the date specified in Article 1, item (iv) of the Supplementary Provisions.

⑬The provisions of Article 68-35 of the New Act on Special Measures Concerning Taxation (limited to the part concerning paragraph (3), item (i)) apply to specified redevelopment buildings, etc. prescribed in paragraph (1) of that Article that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires or newly constructs on or after the Effective Date.

⑮The provisions of Article 68-38, paragraph (1) of the New Act on Special Measures Concerning Taxation apply in the case where a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation disburses, in a consolidated business year beginning on or after the Effective Date, planting expenses prescribed in paragraph (1) of that Article pertaining to a project covered by a subsidy, benefit or anything else equivalent thereto (hereinafter referred to as a "subsidy, etc." in this paragraph) granted by the State or a local government on or after the Effective Date, and the provisions then in force continue to govern the case where a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation disbursed planting expenses prescribed in Article 68-38, paragraph (1) of the Former Act on Special Measures Concerning Taxation in a consolidated business year that began before the Effective Date, or the case where a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation disburses, in a consolidated business year beginning on or after the Effective Date, planting expenses prescribed in that paragraph pertaining to a project covered by a subsidy, etc. granted by the State or a local government before the Effective Date.

②If a consolidated parent corporation prescribed in Article 68-50, paragraph (1) of the Former Act on Special Measures Concerning Taxation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation has an amount of the reserve for losses on computer buybacks prescribed in paragraph (4) of that Article as of the first day of the first consolidated business year beginning on or after the Effective Date (where the first business year beginning on or after the Effective Date does not fall under a consolidated business year, the first day of that business year), an amount equivalent to the amount calculated by multiplying the amount of that reserve for losses on computer buybacks by the number of months in each consolidated business year and dividing the product by 60 (referred to as the "amount drawn down in equal parts over five years" in the following paragraph) is included in gross profit in calculating the amount of consolidated income for each consolidated business year that includes any day within five years from that first day.

③In the case referred to in the preceding paragraph, if the amount drawn down in equal parts over five years exceeds the amount of the reserve for losses on computer buybacks as of the end of the consolidated business year (where, by that date, there is an amount that has been included, or has come to be included, in gross profit pursuant to the provisions of the following paragraph out of the amount of the reserve for losses on computer buybacks prescribed in that paragraph (including an amount included in gross profit pursuant to the provisions of Article 41, paragraph (4) of the Supplementary Provisions), or an amount that has been included in gross profit pursuant to the provisions of the preceding paragraph by the end of the preceding consolidated business year (where the business year that includes the day preceding the first day of that consolidated business year does not fall under a consolidated business year, the business year that includes that preceding day) (including an amount included in gross profit pursuant to the provisions of paragraph (2) of that Article), the amount remaining after deducting those amounts; the same applies hereinafter in this Article), the amount drawn down in equal parts over five years is to be the amount of that reserve for losses on computer buybacks.

④If a consolidated parent corporation or its consolidated subsidiary corporation to which the provisions of paragraph (2) apply comes to fall under any of the cases listed in the following items (excluding the case where, through a qualified merger or qualified company split by split-off, it has come not to carry out all of the buybacks of computers subject to the buyback referred to in paragraph (3) of Article 68-50 of the Former Act on Special Measures Concerning Taxation that it sold, before that qualified merger or qualified company split by split-off, to a specified computer leasing company prescribed in paragraph (2) of that Article (hereinafter referred to as "specified computers" in this paragraph and paragraph (9))), an amount equivalent to the amount specified in the relevant item is included in gross profit in calculating the amount of consolidated income for the consolidated business year that includes the date on which it came to fall under that case (in the case listed in item (ii), the consolidated business year that includes the day preceding the date of the merger).

⑤The number of months referred to in paragraph (2) is calculated according to the calendar, and a fraction of less than one month is counted as one month.

⑥If a qualified merger in which a consolidated parent corporation or its consolidated subsidiary corporation to which the provisions of paragraph (2) apply is the merged corporation (for a qualified merger in which a consolidated subsidiary corporation is the merged corporation, limited to that qualified merger in the case where the date of the qualified merger is the first day of a consolidated parent corporation business year) is carried out, the amount of the reserve for losses on computer buybacks immediately before the qualified merger is to be taken over by that merging corporation. In this case, the amount of the reserve for losses on computer buybacks taken over by the merging corporation is deemed to be the amount of the reserve for losses on computer buybacks referred to in that paragraph that the merging corporation holds as of the date of the qualified merger (where the business year of the merging corporation that includes the date of the qualified merger does not fall under a consolidated business year, the amount of the reserve for losses on computer buybacks referred to in Article 41, paragraph (2) of the Supplementary Provisions).

⑦In the case referred to in the preceding paragraph or Article 41, paragraph (8) of the Supplementary Provisions, if the merging corporation referred to in those provisions (limited to one that falls under a consolidated corporation after the qualified merger) is not a person that has the special agreement specified by Cabinet Order as prescribed in Article 68-50, paragraph (3) of the Former Act on Special Measures Concerning Taxation, the amount of the reserve for losses on computer buybacks as of the end of the consolidated business year that includes the date of the qualified merger is included in gross profit in calculating the amount of consolidated income for that consolidated business year.

⑧With regard to the application of the provisions of paragraph (2) to each consolidated business year on or after the consolidated business year that includes the date of the qualified merger (where the business year that includes the date of the qualified merger does not fall under a consolidated business year, each consolidated business year after that business year) of the merging corporation referred to in paragraph (6) or Article 41, paragraph (8) of the Supplementary Provisions (limited to one that falls under a consolidated corporation after the qualified merger), the amount of the reserve for losses on computer buybacks prescribed in paragraph (2) is to include the amount of the reserve for losses on computer buybacks deemed to be held by the merging corporation pursuant to the provisions of paragraph (6) or paragraph (8) of that Article. In this case, with regard to the amount of the reserve for losses on computer buybacks deemed to be held by the merging corporation, the phrase "by the number of months in each consolidated business year and dividing the product by 60" in paragraph (2) is deemed to be replaced with "by the number of months in each consolidated business year (for the consolidated business year that includes the date of the qualified merger, the number of months in the period from that date to the end of the consolidated business year that includes that date) and dividing the product by the number of months obtained by deducting from 60 months the number of months in the elapsed period (meaning the period from the first day of the first consolidated business year beginning on or after the Effective Date (where the first business year beginning on or after the Effective Date does not fall under a consolidated business year, the first day of that business year) to the day preceding the date of the qualified merger)".

⑨If a qualified company split by split-off in which a consolidated parent corporation or its consolidated subsidiary corporation to which the provisions of paragraph (2) apply is the splitting corporation is carried out and the successor corporation in a company split pertaining to that qualified company split by split-off has come to carry out all of the buybacks of specified computers, the amount of the reserve for losses on computer buybacks immediately before the qualified company split by split-off is to be taken over by that successor corporation in a company split. In this case, the amount of the reserve for losses on computer buybacks taken over by the successor corporation in a company split is deemed to be the amount of the reserve for losses on computer buybacks referred to in that paragraph that the successor corporation in a company split holds as of the date of the qualified company split by split-off (where the business year of the successor corporation in a company split that includes the date of the qualified company split by split-off does not fall under a consolidated business year, the amount of the reserve for losses on computer buybacks referred to in Article 41, paragraph (2) of the Supplementary Provisions).

⑩In the case referred to in the preceding paragraph or Article 41, paragraph (11) of the Supplementary Provisions, if the successor corporation in a company split referred to in those provisions (limited to one that falls under a consolidated corporation after the qualified company split by split-off) is not a person that has the special agreement specified by Cabinet Order as prescribed in Article 68-50, paragraph (3) of the Former Act on Special Measures Concerning Taxation, the amount of the reserve for losses on computer buybacks as of the end of the consolidated business year that includes the date of the qualified company split by split-off is included in gross profit in calculating the amount of consolidated income for that consolidated business year.

⑪With regard to the application of the provisions of paragraph (2) to each consolidated business year on or after the consolidated business year that includes the date of the qualified company split by split-off (where the business year that includes the date of the qualified company split by split-off does not fall under a consolidated business year, each consolidated business year after that business year) of the successor corporation in a company split referred to in paragraph (9) or Article 41, paragraph (11) of the Supplementary Provisions (limited to one that falls under a consolidated corporation after the qualified company split by split-off), the amount of the reserve for losses on computer buybacks prescribed in paragraph (2) is to include the amount of the reserve for losses on computer buybacks deemed to be held by the successor corporation in a company split pursuant to the provisions of paragraph (9) or paragraph (11) of that Article. In this case, with regard to the amount of the reserve for losses on computer buybacks deemed to be held by the successor corporation in a company split, the phrase "by the number of months in each consolidated business year and dividing the product by 60" in paragraph (2) is deemed to be replaced with "by the number of months in each consolidated business year (for the consolidated business year that includes the date of the qualified company split by split-off, the number of months in the period from that date to the end of the consolidated business year that includes that date) and dividing the product by the number of months obtained by deducting from 60 months the number of months in the elapsed period (meaning the period from the first day of the first consolidated business year beginning on or after the Effective Date (where the first business year beginning on or after the Effective Date does not fall under a consolidated business year, the first day of that business year) to the day preceding the date of the qualified company split by split-off)".

①The provisions then in force continue to govern the case where land, etc. prescribed in Article 68-74, paragraph (1) of the Former Act on Special Measures Concerning Taxation held by a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation was purchased, before the date specified in Article 1, item (v) of the Supplementary Provisions, pursuant to a ruling prescribed in Article 65-3, paragraph (1), item (iii) of the Former Act on Special Measures Concerning Taxation.

②If, on or after the date specified in Article 1, item (v) of the Supplementary Provisions, land, etc. prescribed in Article 68-74, paragraph (1) of the New Act on Special Measures Concerning Taxation that pertains to a right to use grassland prescribed in Article 75-2, paragraph (1) of the Cropland Act prior to the amendment by the provisions of Article 1 of the Act Partially Amending the Cropland Act, etc. (Act No. 57 of 2009), for which the provisions then in force continue to govern pursuant to the provisions of Article 7, paragraph (2) of the Supplementary Provisions of that Act (hereinafter referred to as the "Former Cropland Act" in this paragraph), is purchased pursuant to a ruling under Article 75-8, paragraph (1) of the Former Cropland Act, the provisions of Article 68-74 of the New Act on Special Measures Concerning Taxation apply by deeming the case of that purchase to fall under the case listed in Article 65-3, paragraph (1), item (iii) of the New Act on Special Measures Concerning Taxation.

③The provisions then in force continue to govern the case where land, etc. prescribed in Article 68-75, paragraph (1) of the Former Act on Special Measures Concerning Taxation held by a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation was purchased, before the date specified in Article 1, item (vi) of the Supplementary Provisions, by a corporation prescribed in Article 65-4, paragraph (1), item (xiii) of the Former Act on Special Measures Concerning Taxation for use in the business referred to in that item (limited to the part concerning (a)).

④If, on or after the date specified in Article 1, item (vi) of the Supplementary Provisions, land, etc. prescribed in Article 68-75, paragraph (1) of the New Act on Special Measures Concerning Taxation held by a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation is purchased by a corporation in which a local government has made a capital contribution or any other corporation specified by Cabinet Order, for use in an upgrading project prescribed in Article 4, paragraph (7), item (i) of the Small and Medium-sized Retail Business Promotion Act based on an upgrading project plan that has received certification under the provisions of paragraphs (1) through (3) or paragraph (6) of that Article (limited to an upgrading project based on an upgrading project plan that received that certification before that date, for which it has been certified, as provided by Order of the Ministry of Finance, that it satisfies the requirements specified by Cabinet Order, such as being carried out in conformity with city planning or any other plan of the State or a local government concerning land use), the provisions of Article 68-75 of the New Act on Special Measures Concerning Taxation apply by deeming the case of that purchase to fall under the case listed in Article 65-4, paragraph (1), item (xiii) of the New Act on Special Measures Concerning Taxation.

⑤The provisions of Article 68-75, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning Article 65-4, paragraph (1), item (xiii), (a) of the New Act on Special Measures Concerning Taxation) apply to corporation tax pertaining to a transfer of land, etc. prescribed in Article 68-75, paragraph (1) of the New Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation carries out on or after the date specified in Article 1, item (vi) of the Supplementary Provisions.

⑥The provisions of Article 68-75, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning Article 65-4, paragraph (1), item (xxv) of the New Act on Special Measures Concerning Taxation) apply to corporation tax pertaining to a transfer of land, etc. prescribed in Article 68-75, paragraph (1) of the New Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation carries out on or after the date specified in Article 1, item (v) of the Supplementary Provisions, and the provisions then in force continue to govern corporation tax pertaining to a transfer of land, etc. prescribed in Article 68-75, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation carried out before that date.

⑦The provisions then in force continue to govern the case where an agricultural production corporation prescribed in Article 68-76, paragraph (1) of the Former Act on Special Measures Concerning Taxation that is a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation transferred, before the date specified in Article 1, item (v) of the Supplementary Provisions, land, etc. prescribed in that paragraph held by it to a specified agricultural corporation prescribed in Article 65-5, paragraph (1), item (iii) of the Former Act on Special Measures Concerning Taxation through consultation prescribed in that item.