Supplementary Provisions, Article 4Transitional Measures Accompanying Partial Amendment of the Local Tax Act

The provisions of Article 15, paragraph (46) of the Supplementary Provisions of the Local Tax Act as amended by the provisions of the preceding Article apply to fixed assets tax for fiscal years on or after the fiscal year whose assessment date is January 1 of the year following the year that includes the Effective Date (or that date, if the Effective Date is January 1), imposed on machinery and equipment that fall under the equipment for improving management capability, etc. prescribed in that paragraph and that small and medium-sized business operators, etc. prescribed in that paragraph (hereinafter referred to in this Article as "small and medium-sized business operators, etc.") acquire (meaning the acquisition prescribed in that paragraph; the same applies hereinafter in this Article) on or after the date this Act comes into effect (hereinafter referred to as the "Effective Date") (including, where small and medium-sized business operators, etc. take delivery on or after the Effective Date by a lease transaction of machinery and equipment that fall under the equipment for improving management capability, etc. prescribed in that paragraph and that were acquired on or after the Effective Date by a person who conducts a business of delivering and allowing the use of machinery and equipment under a contract pertaining to a lease transaction prescribed in that paragraph (hereinafter referred to in this Article as a "lease transaction"), that machinery and equipment).