②With regard to fixed assets tax for each fiscal year from fiscal year 1994 onward on farmland in an urbanization promotion area only, for fixed assets tax for each fiscal year imposed on land that, after the assessment date for fiscal year 1993, has newly become farmland in an urbanization promotion area due to a change of land category or other circumstances specified by Cabinet Order, where farmland in an urbanization promotion area similar to that land that has become farmland in an urbanization promotion area is farmland in an urbanization promotion area subject to the application of the preceding paragraph, paragraph (1) is applied deeming that the land that has become farmland in an urbanization promotion area was located as farmland in an urbanization promotion area on the assessment date for fiscal year 1993 and that paragraph (1) applied to it.

④The "fiscal 1993 applicable farmland in an urbanization promotion area" prescribed in paragraph (1) means farmland in an urbanization promotion area located within the area of a metropolis or city prescribed in Article 29-6, paragraph (1) of the Supplementary Provisions of the Local Tax Act prior to amendment by the Act Partially Amending the Local Tax Act, etc. (Act No. 4 of 1993) (hereinafter referred to as the "Local Tax Act Before the 1993 Amendment") that, for fixed assets tax for fiscal year 1993 imposed on that farmland in an urbanization promotion area, has been subject to the application of Article 19-3, paragraph (1) of the Supplementary Provisions (including as applied mutatis mutandis pursuant to paragraphs (2) and (4) of that Article) of the Local Tax Act prior to amendment by Article 2 of the Act Partially Amending the Local Tax Act and the Act on Grants Distributed to Municipalities Where National Assets, etc. are Located (Act No. 7 of 1991), which is to be governed by the rules of that Act under Article 12, paragraph (1) of the Supplementary Provisions of the Act Partially Amending the Local Tax Act and the Act on Grants Distributed to Municipalities Where National Assets, etc. are Located (Act No. 7 of 1991), or of Article 19-3, paragraph (1) of the Supplementary Provisions (including as applied mutatis mutandis pursuant to paragraph (3) of that Article) of the Local Tax Act Before the 1993 Amendment.

⑤The fiscal 1993 applicable farmland in an urbanization promotion area prescribed in the preceding paragraph includes, among land deemed under paragraph (2) to have been located as farmland in an urbanization promotion area on the assessment date for fiscal year 1993, that deemed land in cases where farmland in an urbanization promotion area similar to that deemed land has been subject, for fixed assets tax for fiscal year 1993 on that farmland in an urbanization promotion area, to the application of Article 19-3, paragraph (1) of the Supplementary Provisions (including as applied mutatis mutandis pursuant to paragraphs (2) and (4) of that Article) of the Local Tax Act prior to amendment by Article 2 of the Act Partially Amending the Local Tax Act and the Act on Grants Distributed to Municipalities Where National Assets, etc. are Located (Act No. 7 of 1991), which is to be governed by the rules of that Act under Article 12, paragraph (1) of the Supplementary Provisions of the Act Partially Amending the Local Tax Act and the Act on Grants Distributed to Municipalities Where National Assets, etc. are Located (Act No. 7 of 1991), or of Article 19-3, paragraph (1) of the Supplementary Provisions (including as applied mutatis mutandis pursuant to paragraph (3) of that Article) of the Local Tax Act Before the 1993 Amendment.

①The amount of fixed assets tax for each fiscal year from fiscal year 2024 through fiscal year 2026 for farmland in an urbanization promotion area is, where the fixed assets tax amount for that fiscal year for that farmland in an urbanization promotion area calculated under the preceding Article exceeds the fixed assets tax amount (hereinafter referred to as the "adjusted fixed assets tax on farmland in an urbanization promotion area") calculated by taking, as the amount to be the tax base for fixed assets tax for that fiscal year for that farmland in an urbanization promotion area, the amount obtained by adding, to the tax base of the previous fiscal year's fixed assets tax for the fixed assets tax for that fiscal year of that farmland in an urbanization promotion area, the amount obtained by multiplying by five percent one-third of the price that is to be the tax base for fixed assets tax for that fiscal year for that farmland in an urbanization promotion area (where that farmland in an urbanization promotion area is farmland in an urbanization promotion area subject to the application of Article 349-3 or Articles 15 through 15-3 of the Supplementary Provisions for fixed assets tax for that fiscal year, the amount obtained by multiplying that amount by the rates prescribed in those provisions), the adjusted fixed assets tax on farmland in an urbanization promotion area.

②The adjusted fixed assets tax on farmland in an urbanization promotion area for each fiscal year from fiscal year 2024 through fiscal year 2026 for farmland in an urbanization promotion area subject to the application of the preceding paragraph is, notwithstanding that paragraph, where that adjusted fixed assets tax on farmland in an urbanization promotion area is less than the fixed assets tax amount calculated by taking, as the amount to be the tax base for fixed assets tax for that fiscal year for that farmland in an urbanization promotion area, the amount obtained by multiplying by two-tenths one-third of the price that is to be the tax base for fixed assets tax for that fiscal year for that farmland in an urbanization promotion area (where that farmland in an urbanization promotion area is farmland in an urbanization promotion area subject to the application of Article 349-3 or Articles 15 through 15-3 of the Supplementary Provisions for fixed assets tax for that fiscal year, the amount obtained by multiplying that amount by the rates prescribed in those provisions), that fixed assets tax amount.

③The provisions of Article 18, paragraph (6) of the Supplementary Provisions apply mutatis mutandis to the tax base of the previous fiscal year's fixed assets tax in paragraph (1). In this case, in Article 18, paragraph (6) of the Supplementary Provisions, "paragraphs (1) and (4)" is deemed to be replaced with "Article 19-4, paragraph (1) of the Supplementary Provisions", and "building land, etc." is deemed to be replaced with "farmland in an urbanization promotion area".

④With regard to fixed assets tax for each fiscal year for 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 fiscal year from fiscal year 2024 through fiscal year 2026, falls under farmland in an urbanization promotion area subject to the application of the preceding Article (hereinafter in this Article and Article 27-2 of the Supplementary Provisions referred to as "specified farmland in an urbanization promotion area") (excluding farmland in an urbanization promotion area subject to the application of the following paragraph) and that, on the assessment date for the fiscal year preceding 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, deeming that farmland in an urbanization promotion area to have been specified farmland in an urbanization promotion area on the assessment date for the fiscal year preceding each such fiscal year.

⑤With regard to fixed assets tax for fiscal year 2024 for 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 year 2024 (hereinafter in this paragraph referred to as "fiscal 2024 specified farmland in an urbanization promotion area"), for fixed assets tax for fiscal year 2025 for farmland in an urbanization promotion area set forth in item (iii) of that paragraph of that Article that falls under specified farmland in an urbanization promotion area on the assessment date for fiscal year 2025 (hereinafter in this paragraph referred to as "fiscal 2025 specified farmland in an urbanization promotion area"), or for fixed assets tax for fiscal year 2026 for farmland in an urbanization promotion area set forth in item (iv) of that paragraph of that Article that falls under specified farmland in an urbanization promotion area on the assessment date for fiscal year 2026 (hereinafter in this paragraph referred to as "fiscal 2026 specified farmland in an urbanization promotion area"), in respect of the farmland whose similar land fell under farmland other than specified farmland in an urbanization promotion area on the assessment date for fiscal year 2023 in the case of fiscal 2024 specified farmland in an urbanization promotion area, for fiscal year 2024 in the case of fiscal 2025 specified farmland in an urbanization promotion area, and for fiscal year 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"), Article 17 of the Supplementary Provisions and paragraphs (1) through (3) apply, deeming that similar land to have been specified farmland in an urbanization promotion area on the assessment date for the previous fiscal year.

⑥Only for fixed assets tax for each fiscal year from fiscal year 2024 through fiscal year 2026, with regard to farmland in an urbanization promotion area (including land deemed, under Article 19-3, paragraph (2) of the Supplementary Provisions as applied mutatis mutandis pursuant to Article 19-3, paragraph (3) of the Supplementary Provisions, to have been located as farmland in an urbanization promotion area on the assessment date for the urbanization promotion area designation year (meaning the urbanization promotion area designation year prescribed in Article 19-3, paragraph (1) of the Supplementary Provisions as replaced pursuant to Article 19-3, paragraph (3) of the Supplementary Provisions; the same applies hereinafter in this paragraph and Article 27-2, paragraph (6) of the Supplementary Provisions); the same applies hereinafter in this paragraph) that, for fixed assets tax for the fiscal year preceding each such fiscal year, was subject to the application of the proviso to Article 19-3, paragraph (1) of the Supplementary Provisions as applied mutatis mutandis pursuant to Article 19-3, paragraph (3) of the Supplementary Provisions (hereinafter in this paragraph and Article 27-2, paragraph (6) of the Supplementary Provisions referred to as "farmland in an urbanization promotion area reduced in the previous fiscal year"), and that, for fixed assets tax for the fiscal year preceding each such fiscal year, is not subject to the provisions of paragraphs (1) and (2) (where that fiscal year is fiscal year 2024, the provisions of Article 19-4, 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, deeming that the farmland in an urbanization promotion area reduced in the previous fiscal year, or similar land of that farmland, was, on the assessment date for each fiscal year from the urbanization promotion area designation year through the fiscal year preceding each such fiscal year, respectively farmland in an urbanization promotion area that was subject to the application of the main clause of Article 19-3, paragraph (1) of the Supplementary Provisions as applied mutatis mutandis pursuant to Article 19-3, paragraph (3) of the Supplementary Provisions and was not subject to the application of the proviso to Article 19-3, paragraph (1) of the Supplementary Provisions (referred to as "farmland in an urbanization promotion area outside the reduction" in Article 27-2, paragraph (6) of the Supplementary Provisions).

A municipality may, only for fixed assets tax for each fiscal year from fiscal year 2024 through fiscal year 2026, where the fixed assets tax amount for that fiscal year for commercial land, etc. (where that commercial land, etc. is commercial land, etc. subject to the application of Article 18 of the Supplementary Provisions for fixed assets tax for that fiscal year, the adjusted fixed assets tax amount for building land, etc., the frozen fixed assets tax amount for commercial land, etc. or the adjusted fixed assets tax amount for commercial land, etc. for that fiscal year; the same applies hereinafter in this Article) exceeds the fixed assets tax amount calculated by taking, as the amount to be the tax base for fixed assets tax for that fiscal year for that commercial land, etc., the amount obtained by multiplying the price that is to be the tax base for fixed assets tax for that fiscal year for that commercial land, etc. by a ratio determined by the Municipal Ordinance of the municipality within the range of not less than six-tenths and less than seven-tenths (where that commercial land, etc. is commercial land, etc. subject to the application of Article 349-3 or Articles 15 through 15-3 of the Supplementary Provisions for fixed assets tax for that fiscal year, the amount obtained by multiplying that amount by the rates prescribed in those provisions), reduce an amount equivalent to the amount of that excess from the fixed assets tax amount for that commercial land, etc.