②Where a corporation that files a blue return carries out, during the period specified by Cabinet Order within the period from April 1, 2022 to March 31, 2027, within the remote island areas prescribed in Article 3, item (iii) of the Act on Special Measures for the Promotion and Development of Okinawa, the acquisition, etc. (meaning acquisition or manufacture or construction, and, for buildings and their associated facilities, including acquisition or construction through work for renovation (meaning extension, reconstruction, repair or remodeling); hereinafter the same applies up to paragraph (4)) of equipment of a scale specified by Cabinet Order to be used for a business specified by Cabinet Order within the hotel business (hereinafter referred to in this paragraph as the "hotel business") (for a corporation other than a small or medium-scale corporation specified by Cabinet Order (excluding one that falls under an excluded business operator prescribed in Article 42-4, paragraph (19), item (viii) or a group tax sharing excluded business operator prescribed in item (viii)-2 of that paragraph; referred to in the following paragraph as a "small or medium-scale corporation"), limited to the case where it carries out the acquisition, etc. of that equipment pertaining to a new establishment or expansion), if the corporation puts the equipment for which it carried out the acquisition, etc. to use for the corporation's hotel business within those areas (limited to the case specified by Cabinet Order as a case that contributes to the promotion of those areas), the depreciation limit for the buildings and their associated facilities specified by Cabinet Order among those constituting that equipment (excluding those subject to the provisions of the preceding paragraph and those acquired through a lease transaction without transfer of ownership; hereinafter referred to in this paragraph as "hotel business buildings, etc.") for the business year that includes the day on which it was put to that use is, notwithstanding the provisions of Article 31, paragraph (1) or paragraph (2) of the Corporation Tax Act, the sum of the ordinary depreciation limit for those hotel business buildings, etc. and the special depreciation limit (meaning the amount equivalent to 8 percent of the acquisition cost of those hotel business buildings, etc. (where the total acquisition cost of those constituting a single unit of production or similar equipment exceeds 1 billion yen, the amount calculated by multiplying 1 billion yen by the ratio of the acquisition cost of those hotel business buildings, etc. to the total acquisition cost of the hotel business buildings, etc. constituting that single unit of production or similar equipment)).

④Where a corporation that files a blue return receives, through a qualified merger, qualified company split, qualified capital contribution in kind or qualified in-kind distribution (hereinafter referred to in this paragraph as a "qualified merger, etc."), a transfer of industrial promotion machinery, etc. to which the provisions of the preceding paragraph are being applied, and puts it to use for the corporation's business listed in the middle column of an item of the table in that paragraph (limited to the same business as the business for which the merged corporation, splitting corporation, corporation making a capital contribution in kind or corporation making a distribution in kind pertaining to that qualified merger, etc. had put that industrial promotion machinery, etc. to use), the provisions of that paragraph apply by deeming that the corporation that received the transfer carried out the acquisition, etc. of that industrial promotion machinery, etc. on the date of commencement of use referred to in that paragraph and put it to use for the corporation's business listed in the middle column of that item on that date of commencement of use. In this case, the period during which it is in that use prescribed in that paragraph is the period, within the period from the day of that transfer to the last day of the period of use, during which that corporation itself has it in that use.

⑤The provisions of Article 43, paragraph (2) apply mutatis mutandis where the provisions of paragraphs (1) through (3) are applied.

⑥Beyond what is provided for in the preceding paragraph, necessary matters concerning the application of the provisions of paragraphs (2) through (4) are specified by Cabinet Order.