Supplementary Provisions, Article 27-2

①The amount of city planning tax for each fiscal year from fiscal 2024 through fiscal 2026 on farmland in an urbanization promotion area is, where the city planning tax amount for that fiscal year on that farmland in an urbanization promotion area calculated pursuant to the preceding Article in accordance with the rules of Article 19-3 of the Supplementary Provisions exceeds the city planning tax amount in the case where the amount obtained by adding, to the tax base of city planning tax for the previous fiscal year pertaining to city planning tax for that fiscal year on that farmland in an urbanization promotion area, the amount obtained by multiplying by 5/100 an amount of 2/3 of the price that is to be the tax base of city planning tax for that fiscal year on that farmland in an urbanization promotion area (where that farmland in an urbanization promotion area is farmland in an urbanization promotion area to which Article 349-3 (excluding paragraph (18)) or Articles 15 through 15-3 of the Supplementary Provisions applies for fixed assets tax for that fiscal year, the amount obtained by multiplying that amount by the rate prescribed in those provisions) is deemed to be the tax base of city planning tax for that fiscal year on that farmland in an urbanization promotion area (hereinafter in this Article and Article 27-4-2, paragraph (1) of the Supplementary Provisions referred to as the "adjusted city planning tax on farmland in an urbanization promotion area"), that adjusted city planning tax on farmland in an urbanization promotion area.

②The adjusted city planning tax on farmland in an urbanization promotion area for each fiscal year from fiscal 2024 through fiscal 2026 on farmland in an urbanization promotion area to which the provisions of the preceding paragraph apply is, notwithstanding the preceding paragraph, where that adjusted city planning tax on farmland in an urbanization promotion area is less than the city planning tax amount in the case where the amount obtained by multiplying by 2/10 an amount of 2/3 of the price that is to be the tax base of city planning tax for that fiscal year on that farmland in an urbanization promotion area (where that farmland in an urbanization promotion area is farmland in an urbanization promotion area to which Article 349-3 (excluding paragraph (18)) or Articles 15 through 15-3 of the Supplementary Provisions applies for fixed assets tax for that fiscal year, the amount obtained by multiplying that amount by the rate prescribed in those provisions) is deemed to be the tax base of city planning tax for that fiscal year on that farmland in an urbanization promotion area, that city planning tax amount.

③The provisions of Article 18, paragraph (6) of the Supplementary Provisions apply mutatis mutandis to the tax base of city planning tax for the previous fiscal year in paragraph (1). In this case, in paragraph (6) of that Article, the phrase "paragraphs (1) and (4)" is deemed to be replaced with "Article 27-2, paragraph (1) of the Supplementary Provisions", the phrase "previous fiscal year's fixed assets tax" is deemed to be replaced with "previous fiscal year's city planning tax", and the phrase "building land, etc." is deemed to be replaced with "farmland in an urbanization promotion area".

④With regard to city planning tax for each fiscal year from fiscal 2024 through fiscal 2026 on farmland in an urbanization promotion area set forth in Article 18, paragraph (6), items (i) through (iii) of the Supplementary Provisions as replaced pursuant to the preceding paragraph that, on the assessment date for each such fiscal year, falls under specified farmland in an urbanization promotion area (excluding farmland in an urbanization promotion area to which the following paragraph applies), among those that, on the assessment date for the previous fiscal year of each such fiscal year, fell under farmland other than specified farmland in an urbanization promotion area, Article 17 of the Supplementary Provisions and the preceding three paragraphs apply by deeming that farmland in an urbanization promotion area to have been specified farmland in an urbanization promotion area on the assessment date for the previous fiscal year of each such fiscal year.

⑤Among farmland in an urbanization promotion area set forth in Article 18, paragraph (6), item (ii) of the Supplementary Provisions as replaced pursuant to paragraph (3) that falls under specified farmland in an urbanization promotion area on the assessment date for fiscal 2024 (hereinafter in this paragraph referred to as "fiscal 2024 specified farmland in an urbanization promotion area"), farmland in an urbanization promotion area set forth in Article 18, paragraph (6), item (iii) of the Supplementary Provisions as so replaced that falls under specified farmland in an urbanization promotion area on the assessment date for fiscal 2025 (hereinafter in this paragraph referred to as "fiscal 2025 specified farmland in an urbanization promotion area"), or farmland in an urbanization promotion area set forth in Article 18, paragraph (6), item (iv) of the Supplementary Provisions as so replaced that falls under specified farmland in an urbanization promotion area on the assessment date for fiscal 2026 (hereinafter in this paragraph referred to as "fiscal 2026 specified farmland in an urbanization promotion area"), those whose similar land fell under farmland other than specified farmland in an urbanization promotion area on the assessment date for fiscal 2023 in the case of fiscal 2024 specified farmland in an urbanization promotion area, for fiscal 2024 in the case of fiscal 2025 specified farmland in an urbanization promotion area, and for fiscal 2025 in the case of fiscal 2026 specified farmland in an urbanization promotion area (hereinafter in this paragraph referred to as the "assessment date for the previous fiscal year"), with regard to city planning tax for fiscal 2024 in the case of fiscal 2024 specified farmland in an urbanization promotion area, for fiscal 2025 in the case of fiscal 2025 specified farmland in an urbanization promotion area, and for fiscal 2026 in the case of fiscal 2026 specified farmland in an urbanization promotion area, Article 17 of the Supplementary Provisions and paragraphs (1) through (3) apply by deeming that similar land to have been specified farmland in an urbanization promotion area on the assessment date for the previous fiscal year.

⑥Solely for city planning tax for each fiscal year from fiscal 2024 through fiscal 2026, with regard to farmland in an urbanization promotion area reduced in the previous fiscal year that is not subject to the provisions of paragraphs (1) and (2) for city planning tax for the previous fiscal year of each such fiscal year (where that fiscal year is fiscal 2024, the provisions of Article 27-2, paragraphs (1) through (4) of the Supplementary Provisions of the Local Tax Act Before the 2024 Amendment), Article 17 of the Supplementary Provisions and paragraphs (1) through (3) apply by deeming that farmland in an urbanization promotion area reduced in the previous fiscal year, or similar land of that farmland, to have been farmland in an urbanization promotion area outside the reduction on the assessment date for each fiscal year from the urbanization promotion area designation year through the previous fiscal year of each such fiscal year.