①If an individual who files a blue return and who has, during the period from the date of enforcement of the Act Partially Amending the Local Revitalization Act (Act No. 49 of 2015) to March 31, 2028 (referred to as the "designated period" in paragraph (3)), obtained the certification referred to in Article 17-2, paragraph (3) of the Local Revitalization Act (Act No. 24 of 2005) for a plan for developing specified business facilities in areas for improving regional vitality, etc. prescribed in Article 17-2, paragraph (1) of that Act (hereinafter referred to as a "plan for developing specified business facilities in areas for improving regional vitality, etc." in this Article), during the period from the date on which the individual obtained the certification until the date on which three years have elapsed from the day following that date (if the certification is revoked pursuant to the provisions of paragraph (6) of that Article by that date, until the day before the date of the revocation), carries out an acquisition, etc. (meaning acquisition or construction, including acquisition or construction through work for renovation (meaning extension, reconstruction, repair or remodeling; the same applies in item (i)) carried out in connection with an acquisition (excluding the acquisition of those that have not been put to use for business since their construction); the same applies in paragraph (3)) of buildings and their associated facilities, and structures (limited to those of a scale specified by Cabinet Order; hereinafter referred to as "specified buildings, etc." in this Article) that fall under a specified business facility prescribed in Article 5, paragraph (4), item (v) of that Act (including a child welfare facility for specified business prescribed in that item that is developed together with the new establishment of the specified business facility; hereinafter referred to as a "specified business facility" in this paragraph and paragraph (3), item (i)) set forth in the certified plan for developing specified business facilities in areas for improving regional vitality, etc., within an area listed in Article 5, paragraph (4), item (v), (a) or (b) of that Act which is set forth in the certified regional revitalization plan prescribed in Article 8, paragraph (1) of that Act (referred to as the "certified regional revitalization plan" in paragraph (3)) prepared by the certifying prefectural governor prescribed in Article 17-2, paragraph (1) of that Act who granted the certification (referred to as the "certifying prefectural governor" in paragraph (3)) (if the certified plan for developing specified business facilities in areas for improving regional vitality, etc. (if a certification of change under the provisions of Article 17-2, paragraph (4) of that Act has been granted, the plan after the change; hereinafter referred to as the "certified plan for developing specified business facilities in areas for improving regional vitality, etc." in this paragraph) is a plan for developing specified business facilities in areas for improving regional vitality, etc. relating to the project listed in Article 17-2, paragraph (1), item (ii) of that Act (referred to as an "expansion-type plan" in item (i) and paragraph (3)), within the area for improving regional vitality prescribed in paragraph (1), item (ii) of that Article), and puts them to use for a business that the individual conducts (excluding where they are put to use for lending; the same applies in paragraph (3)), the amount to be included in necessary expenses as the depreciation allowance for the specified buildings, etc. in calculating the amount of business income of the individual for the year that includes the date on which they were put to use for the business (excluding the year that includes the date on which the individual discontinued the business; referred to as the "year of commencement of use" in paragraph (3)) is, notwithstanding the provisions of Article 49, paragraph (1) of the Income Tax Act, the amount calculated by the individual as necessary expenses that does not exceed the sum (referred to as the "total depreciation limit" in the following paragraph) of the amount of the depreciation allowance calculated for the specified buildings, etc. pursuant to the provisions of that paragraph and the amount calculated by multiplying their acquisition cost (if the total acquisition cost of the buildings and their associated facilities, and structures that constitute a single specified business facility pertaining to the specified buildings, etc. exceeds 8 billion yen, the amount calculated by multiplying 8 billion yen by the ratio of the acquisition cost of the specified buildings, etc. to that total; referred to as the "base acquisition cost" in paragraph (3)) by the rate specified in each of the following items according to the category of specified buildings, etc. listed in that item; provided, however, that the amount may not be less than the amount to be included in necessary expenses as the depreciation allowance for the specified buildings, etc. pursuant to the provisions of paragraph (1) of that Article.

②If the amount included in necessary expenses as the depreciation allowance for the specified buildings, etc. pursuant to the provisions of the preceding paragraph is less than their total depreciation limit, the amount to be included in necessary expenses as the depreciation allowance for the specified buildings, etc. in calculating the amount of business income for the year following the year in which the specified buildings, etc. were put to use for business may be, notwithstanding the provisions of Article 49, paragraph (1) of the Income Tax Act, the amount equivalent to the sum of the amount to be included in necessary expenses as the depreciation allowance for the specified buildings, etc. pursuant to the provisions of that paragraph and the amount calculated by the individual as necessary expenses that does not exceed the shortfall.

③If an individual who files a blue return and who has, during the designated period, obtained the certification referred to in Article 17-2, paragraph (3) of the Local Revitalization Act for a plan for developing specified business facilities in areas for improving regional vitality, etc., during the period from the date on which the individual obtained the certification until the date on which three years have elapsed from the day following that date (if the certification is revoked pursuant to the provisions of paragraph (6) of that Article by that date, until the day before the date of the revocation), carries out an acquisition, etc. of specified buildings, etc. set forth in the certified plan for developing specified business facilities in areas for improving regional vitality, etc., within an area listed in Article 5, paragraph (4), item (v), (a) or (b) of that Act which is set forth in the certified regional revitalization plan prepared by the certifying prefectural governor who granted the certification (if the certified plan for developing specified business facilities in areas for improving regional vitality, etc. (if a certification of change under the provisions of Article 17-2, paragraph (4) of that Act has been granted, the plan after the change; hereinafter referred to as the "certified plan for developing specified business facilities in areas for improving regional vitality, etc." in this paragraph) is an expansion-type plan, within the area for improving regional vitality prescribed in Article 17-2, paragraph (1), item (ii) of that Act), and puts them to use for a business that the individual conducts, and the provisions of paragraph (1) are not applied to the specified buildings, etc., the sum of the amounts calculated by multiplying the base acquisition cost of the specified buildings, etc. put to use for the business by the rate specified in each of the following items according to the category of specified buildings, etc. listed in that item (hereinafter referred to as the "maximum tax credit" in this paragraph) is deducted, pursuant to the provisions of Cabinet Order, from the amount of income tax on the amount of gross income for the year of commencement of use. In this case, if the individual's maximum tax credit for the year of commencement of use exceeds the amount equivalent to 20 percent of the individual's income tax on business income before adjustment prescribed in Article 10, paragraph (8), item (iv) for that year of commencement of use, the amount to be deducted is limited to the amount equivalent to that 20 percent.

④The provisions of paragraph (1) do not apply to specified buildings, etc. acquired by an individual through a lease transaction without transfer of ownership.

⑤The provisions of paragraphs (1) and (3) apply only if it is certified, pursuant to the provisions of Cabinet Order, that within the period from the date on which the certification referred to in Article 17-2, paragraph (3) of the Local Revitalization Act was obtained for the plan for developing specified business facilities in areas for improving regional vitality, etc. pertaining to the specified buildings, etc. for which the application of those provisions is sought until December 31 of the year for which the application of the provisions of paragraph (1) or (3) is sought, the individual prescribed in those provisions has had no person who separated from service (meaning a person who was an employee of the individual (meaning any of the following persons) and who separated from service as prescribed in Article 4, paragraph (2) of the Employment Insurance Act (Act No. 116 of 1974) for a reason specified by Order of the Ministry of Finance as being attributable to the individual's circumstances).

⑥The provisions of paragraphs (1) and (2) apply only if the final return contains an entry concerning the inclusion of the amount to be included in necessary expenses pursuant to those provisions and has a written statement attached thereto concerning the calculation of the amount of the depreciation allowance for the specified buildings, etc.

⑦The provisions of paragraph (3) apply only if a document stating the acquisition cost of the specified buildings, etc., the amount to be deducted, and the details of the calculation of that amount, which are subject to the deduction under that paragraph, is attached to the final return (including an amended return or written request for reassessment, if one is filed to increase the amount to be deducted pursuant to the provisions of that paragraph). In this case, the acquisition cost of the specified buildings, etc. serving as the basis for the calculation of the amount to be deducted pursuant to that paragraph is limited to the acquisition cost of the specified buildings, etc. stated in the document attached to the final return.

⑧With regard to the calculation of the amount of income tax listed in Article 120, paragraph (1), item (iii) of the Income Tax Act where the provisions of paragraph (3) are applied with respect to income tax for a year, the phrase "Chapter III (Calculating the Amount of Taxes)" in that item is deemed to be replaced with "Chapter III (Calculating the Amount of Taxes) and Article 10-5, paragraph (3) of the Act on Special Measures Concerning Taxation (Special Tax Credit for Income Tax Where Specified Buildings, etc. Are Acquired in Areas for Improving Regional Vitality, etc.)".

⑨Beyond what is provided for in paragraph (4) through the preceding paragraph, necessary matters concerning the application of the provisions of paragraphs (1) through (3) are specified by Cabinet Order.