Supplementary Provisions, Article 15-10Reduction of Fixed Assets Tax on Buildings Specified in Plans Requiring Safety Confirmation, etc. for Which Seismic Retrofit Has Been Carried Out

①For fixed assets tax imposed on a house falling under a building specified in a plan requiring safety confirmation prescribed in Article 7 of the Act on Promotion of Seismic Retrofitting of Buildings (Act No. 123 of 1995) or a large-scale building requiring urgent safety confirmation prescribed in Article 3, paragraph (1) of the Supplementary Provisions of that Act (limited to one for which a report under Article 7 or Article 3, paragraph (1) of the Supplementary Provisions of that Act has been made, and excluding one that has become subject to an order under Article 8, paragraph (1) of that Act (including as applied mutatis mutandis pursuant to Article 3, paragraph (3) of the Supplementary Provisions of that Act) or an instruction under Article 12, paragraph (2) of that Act (including as applied mutatis mutandis pursuant to Article 3, paragraph (3) of the Supplementary Provisions of that Act)), in which seismic retrofit was carried out during the period from April 1, 2014 to March 31, 2029 with a government subsidy specified by Order of the Ministry of Internal Affairs and Communications, and for which a certification of conformity with earthquake resistance standards has been issued as provided by Order of the Ministry of Internal Affairs and Communications (referred to as a "building meeting earthquake resistance standards" in this Article), a municipality is to reduce, only for two fiscal years beginning with the fiscal year whose assessment date is January 1 of the year following the year in which the day on which that seismic retrofit was completed falls (if the day on which that seismic retrofit was completed is January 1, that day), an amount equivalent to one-half of the fixed assets tax amount for that building meeting earthquake resistance standards (in the case of a building meeting earthquake resistance standards held in unit ownership, the sum total of the amounts calculated for each unit owner, as provided by Cabinet Order, as the tax amount for the part to which this paragraph applies (where that amount exceeds an amount equivalent to five percent of the amount of the costs required for that seismic retrofit for that part, calculated for each unit owner as provided by Cabinet Order, an amount equivalent to that five percent); and in the case of a building meeting earthquake resistance standards other than one held in unit ownership, the amount calculated, as provided by Cabinet Order, as the tax amount for the part to which this paragraph applies (where that amount exceeds an amount equivalent to five percent of the amount of the costs required for that seismic retrofit, calculated as provided by Cabinet Order, an amount equivalent to that five percent)) from the fixed assets tax amount for that building meeting earthquake resistance standards.

②The preceding paragraph applies only where, within three months from the day on which the seismic retrofit of the building meeting earthquake resistance standards was completed, a return to the effect that that paragraph should apply to that building meeting earthquake resistance standards, as provided by the Municipal Ordinance of the municipality, has been filed by the person liable for fixed assets tax on that building meeting earthquake resistance standards.

③Where a return under the preceding paragraph is filed after the period prescribed in the preceding paragraph has elapsed, and the mayor of the municipality finds that there were unavoidable grounds for the return not having been filed within that period, the mayor may apply paragraph (1) to the building meeting earthquake resistance standards to which the return pertains.