Article 603-2-2

①If a landowner, etc. intends to use, or to have another person use, land that he or she owns as land falling under the provisions of paragraph (1) of the preceding Article (referred to as "tax-exempt land" in this paragraph), and within the period ending on the day on which two years elapse from a date set by the mayor of the municipality on the basis of that mayor's determination of that fact (or, where the mayor of the municipality finds that the period required for constructing the building or structure or developing the specified facility relating to that determination ordinarily exceeds two years, or that there is some other unavoidable reason for extending that period, a reasonable period of not more than five years set by the mayor on the application of the landowner, etc.; referred to as the "period for exemption from tax liability" in this paragraph) the land is used, or made available for use, as tax-exempt land and the mayor of the municipality confirms that that use has begun, the municipality is to exempt the person from the tax liability relating to the local government levies relating to the special land holding tax on that land (limited to those relating to the period for exemption from tax liability, and excluding those relating to that period after the date of the mayor's confirmation).

②The provisions of Article 601, paragraphs (2) through (9) apply mutatis mutandis to the case referred to in the preceding paragraph. In this case, the phrase "the period for exemption from tax liability (including, where the period for exemption from tax liability has been extended under this paragraph, that extended period; the same applies hereinafter in this paragraph)" in paragraph (2) of that Article is deemed to be replaced with "the period for exemption from tax liability prescribed in Article 603-2-2, paragraph (1)", the phrase "a reasonable period determined by the mayor" is deemed to be replaced with "a reasonable period of not more than five years determined by the mayor", the phrase "may extend" is deemed to be replaced with "may extend only once", and the phrase "the period for exemption from tax liability (including that extended period where the period for exemption from tax liability has been extended under that paragraph)" in paragraph (4) of that Article is deemed to be replaced with "the period for exemption from tax liability prescribed in Article 603-2-2, paragraph (1)".

③Procedures for the determination and confirmation under paragraph (1) and other matters necessary for the application of the provisions of the preceding two paragraphs are specified by Cabinet Order.