①The provisions of Article 42-12-4 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, and the provisions then in force continue to govern corporation tax for business years of a corporation that ended before the Effective Date.

②If a business year of a corporation that began on or after April 1, 2013 and ended before the Effective Date (limited to a business year that falls under each business year prescribed in Article 42-12-4, paragraph (1) of the Former Act on Special Measures Concerning Taxation, and excluding a business year to which the provisions of that paragraph apply and a business year for which the provisions of Articles 17-3 through 17-3-3 of the Act on Temporary Special Provisions of the Acts on National Taxes for Victims, etc. of the Great East Japan Earthquake prior to the amendment by Article 13 (hereinafter referred to as the "Former Earthquake Tax Special Provisions Act") have been applied; referred to as a "transitional year" in this paragraph) is an eligible transitional year (meaning that transitional year in the case where, if the provisions of Article 42-12-4 of the New Act on Special Measures Concerning Taxation were applied by deeming the transitional year to be the applicable year prescribed in paragraph (2), item (iii) of that Article, the case would fall under the case prescribed in the main clause of paragraph (1) of that Article), with regard to the application of the provisions of that paragraph to corporation tax for the first business year of that corporation ending on or after the Effective Date, the phrase "an amount equivalent to (" in that paragraph is deemed to be replaced with "the total of an amount equivalent to and the transitional year maximum credit (meaning the amount equivalent to 10 percent of the total of the transitional increases in salaries, etc. paid to employees (meaning the increase in salaries, etc. paid to employees in the case where that transitional year is deemed to be the applicable year prescribed in item (iii) of the following paragraph) pertaining to each transitional year (meaning a transitional year prescribed in Article 82, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 10 of 2014); the same applies hereinafter in this paragraph) that is an eligible transitional year prescribed in that paragraph) (", the phrase "equivalent to 10 percent (or 20 percent if the corporation is a small and medium sized enterprise, etc. (meaning a small and medium sized enterprise or an agricultural cooperative, etc. prescribed in Article 42-4, paragraph (6))) of" is deemed to be replaced with "calculated by multiplying by the credit ceiling ratio (meaning the ratio calculated by multiplying 10 percent (or 20 percent if the corporation is a small and medium sized enterprise or an agricultural cooperative, etc. prescribed in Article 42-4, paragraph (6)) by the number obtained by dividing the total number of months of that business year and each of those transitional years by the number of months of that business year (or, if that number has a fraction below the second decimal place, the number obtained by rounding down that fraction))", the phrase "that amount equivalent to 10 percent" is deemed to be replaced with "that calculated amount", and the phrase "the preceding paragraph" in paragraph (3) of that Article is deemed to be replaced with "the preceding two paragraphs".

③If a business year of the corporation referred to in the preceding paragraph that began on or after April 1, 2013 and ended before the Effective Date falls under a consolidated business year, and that consolidated business year falls under a transitional year prescribed in Article 112, paragraph (2) of the Supplementary Provisions and is an eligible transitional year prescribed in that paragraph, that consolidated business year is deemed to be a transitional year prescribed in the preceding paragraph that is an eligible transitional year prescribed in that paragraph.

④With regard to the application of the provisions of Article 42-13 of the New Act on Special Measures Concerning Taxation in the case where the provisions of paragraph (2) apply, the phrase "Article 42-12-4, paragraph (1)" in paragraph (1), item (xii) of that Article is deemed to be replaced with "Article 42-12-4, paragraph (1) (including as applied with the replacement of terms pursuant to Article 82, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 10 of 2014); the same applies hereinafter in this item)", and the phrase "in that paragraph" is deemed to be replaced with "in Article 42-12-4, paragraph (1)".

⑤With regard to the application of the provisions of Article 17-2, paragraph (13), Article 17-2-2, paragraph (10) and Article 17-2-3, paragraph (10) of the Act on Temporary Special Provisions of the Acts on National Taxes for Victims, etc. of the Great East Japan Earthquake as amended by Article 13 (hereinafter referred to as the "New Special Provisions Law for Earthquake Victims") in the case where the provisions of paragraph (2) apply, the phrase "through Article 42-12-5" in those provisions is deemed to be replaced with "through Article 42-12-5 (including where the provisions of Article 42-12-4 of that Act are applied with the replacement of terms pursuant to Article 82, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 10 of 2014))", and the phrase "Article 42-4, paragraph (1) of that Act" is deemed to be replaced with "Article 42-4, paragraph (1) of the Act on Special Measures Concerning Taxation".