Supplementary Provisions, Article 3Transitional Measures for Interest on Refund

The provisions of Article 17-4, paragraph (1) of the Local Tax Act after amendment by the provisions of Article 1 (hereinafter referred to as the "New Act") apply to the amount to be added to an overpayment for which a decision to disburse for refund is made or which is appropriated on or after the day this Act comes into effect (hereinafter referred to as the "Effective Date"); provided, however, that where, before the Effective Date, a request for reassessment concerning income tax or an income tax return (meaning an income tax return prescribed in Article 17-4, paragraph (1), item (iii) of the New Act; the same applies hereinafter in this Article) was filed, with regard to the amount to be added to an overpayment pertaining to local taxes the amount of which to be paid or remitted decreased due to a reassessment based on that request for reassessment or an assessment determination made on the basis of the filing of that income tax return, the provisions then in force continue to govern.