Supplementary Provisions, Article 7Transitional Measures Concerning Fixed Assets Tax

①Except as otherwise specially provided, the provisions of the New Act relating to fixed assets tax apply to fixed assets tax for fiscal years beginning with fiscal year 1994, and with regard to fixed assets tax for fiscal years up to and including fiscal year 1993, the provisions then in force continue to govern.

②The provisions of Article 349-3, paragraph (8) of the New Act apply to fixed assets tax for fiscal years beginning with fiscal year 1994 imposed on aircraft prescribed in that paragraph on which fixed assets tax comes to be imposed in a fiscal year beginning with fiscal year 1994, and with regard to fixed assets tax imposed on aircraft prescribed in Article 349-3, paragraph (8) of the Former Act on which fixed assets tax came to be imposed in fiscal year 1993 or an earlier fiscal year, the provisions then in force continue to govern.

③With regard to fixed assets tax imposed on fixed assets prescribed in Article 349-3, paragraph (24) of the Former Act that were acquired before January 2, 1993, the provisions then in force continue to govern.

④The provisions of Article 349-3, paragraph (34) of the New Act apply to fixed assets tax for fiscal years beginning with fiscal year 1994 imposed on track facilities prescribed in that paragraph that are laid on or after January 2, 1993, and with regard to fixed assets tax imposed on track facilities prescribed in Article 349-3, paragraph (34) of the Former Act that were laid on or before January 1, 1993, the provisions then in force continue to govern.

⑤With regard to fixed assets tax imposed on machinery and equipment prescribed in Article 15, paragraph (27) of the Supplementary Provisions of the Former Act that were acquired between April 1, 1991 and March 31, 1993, the provisions then in force continue to govern.

⑥With regard to fixed assets tax imposed on telecommunications circuit facilities prescribed in Article 15, paragraph (31) of the Supplementary Provisions of the Former Act that were newly installed between April 1, 1991 and March 31, 1993, the provisions then in force continue to govern.

⑦With regard to fixed assets tax imposed on machinery and other equipment prescribed in Article 15, paragraph (34) of the Supplementary Provisions of the Former Act that were acquired between April 1, 1992 and December 31, 1995, the provisions of that paragraph remain in force. In this case, with regard to the application of that paragraph to machinery and other equipment prescribed in that paragraph that were acquired between the Effective Date and December 31, 1995, in that paragraph, "from April 1, 1992 (for machinery and other equipment relating to trichloroethane, August 10, 1992) to March 31, 1994" is deemed to be replaced with "from April 1, 1994 to December 31, 1995", and "two-thirds of the amount" is deemed to be replaced with "three-fourths of the amount (for such machinery and other equipment to which Article 16-2, paragraph (10) of the Supplementary Provisions of the Local Tax Act as amended by the Act Partially Amending the Local Tax Act, etc. (Act No. 12 of 1996) applies, three-fourths of the amount that is to be the tax base pursuant to that paragraph)".

⑧With regard to fixed assets tax imposed on dwellings prescribed in Article 16, paragraph (6) of the Supplementary Provisions of the Former Act that were newly built between January 2, 1992 and January 1, 1994, the provisions then in force continue to govern.