②With regard to the reserve for large-scale renovation of Shinkansen railways referred to in Article 56, paragraph (1) of the Former Act on Special Measures Concerning Taxation pertaining to the approved reserve plan prescribed in that paragraph pertaining to the designation of a corporation that received the designation referred to in Article 15, paragraph (1) of the Nationwide Shinkansen Railways Construction and Improvement Act (Act No. 71 of 1970) before the Effective Date (including the reserve for large-scale renovation of Shinkansen railways referred to in Article 68-48, paragraph (1) of the Former Act on Special Measures Concerning Taxation set aside in a consolidated business year prescribed in Article 2, paragraph (2), item (xix) of the Act on Special Measures Concerning Taxation prior to the amendment by the provisions of Article 16 of the Act Partially Amending the Income Tax Act, etc. (Act No. 8 of 2020)), the provisions of Article 56 of the Former Act on Special Measures Concerning Taxation remain in force. In this case, the terms and phrases listed in the middle column of the following table that appear in the provisions of that Article listed in the left-hand column of that table are deemed to be replaced with the terms and phrases listed in the right-hand column of that table.