Where the amount specified by Cabinet Order as the amount of loss from the partnership business (meaning the business carried on under that limited liability business partnership agreement; hereinafter the same applies in this Article) for that business year of a corporation that is a partner that has concluded a limited liability business partnership agreement prescribed in Article 3, paragraph (1) of the Limited Liability Partnership Act exceeds the amount calculated pursuant to the provisions of Cabinet Order on the basis of the value of the contribution of the corporation pertaining to that partnership business, an amount equivalent to the excess (referred to as the "excess partnership loss" in paragraph (3)) is not included in deductible expenses in calculating the amount of income for that business year.
有限責任事業組合契約に関する法律第三条第一項に規定する有限責任事業組合契約を締結している組合員である法人の当該事業年度の組合事業（当該有限責任事業組合契約に基づいて営まれる事業をいう。以下この条において同じ。）による損失の額として政令で定める金額が当該法人の当該組合事業に係る出資の価額を基礎として政令で定めるところにより計算した金額を超える場合には、その超える部分の金額に相当する金額（第三項において「組合損失超過額」という。）は、当該事業年度の所得の金額の計算上、損金の額に算入しない。
Where a corporation filing a final return, etc. has a total excess partnership loss in any business year, the amount of that total excess partnership loss up to the amount specified by Cabinet Order as the amount of profit of that corporation for that business year from the partnership business (limited to one pertaining to that total excess partnership loss) is included in deductible expenses in calculating the amount of income for that business year.
確定申告書等を提出する法人が、各事業年度において組合損失超過合計額を有する場合には、当該組合損失超過合計額のうち当該事業年度の当該法人の組合事業（当該組合損失超過合計額に係るものに限る。）による利益の額として政令で定める金額に達するまでの金額は、当該事業年度の所得の金額の計算上、損金の額に算入する。
The total excess partnership loss prescribed in the preceding paragraph means the amount obtained by totaling, for each partnership business, of the excess partnership losses in each business year up to and including the business year preceding that business year of that corporation, each excess partnership loss in the case where the corporation has continuously filed final returns prescribed in Article 2, item (xxxi) of the Corporation Tax Act (hereinafter referred to as a "final return" in this paragraph) from the business year for which the provisions of paragraph (1) were applied to that excess partnership loss (hereinafter referred to as the "applicable business year" in this paragraph) through the preceding business year (where the applicable business year is the preceding business year, in the case where it has filed the final return for that applicable business year) (where there is an amount included in deductible expenses in calculating the amount of income for any business year up to the preceding business year pursuant to the provisions of the preceding paragraph, the amount after deducting the amount so included).
前項に規定する組合損失超過合計額とは、当該法人の当該事業年度の前事業年度以前の各事業年度における組合損失超過額のうち、当該組合損失超過額につき第一項の規定の適用を受けた事業年度（以下この項において「適用年度」という。）から前事業年度まで連続して法人税法第二条第三十一号に規定する確定申告書（以下この項において「確定申告書」という。）の提出をしている場合（適用年度が前事業年度である場合には、当該適用年度の確定申告書の提出をしている場合）における当該組合損失超過額を、各組合事業ごとに合計した金額（前項の規定により前事業年度までの各事業年度の所得の金額の計算上損金の額に算入された金額がある場合には、当該損金の額に算入された金額を控除した金額）をいう。
Beyond what is provided for in the preceding paragraph, matters concerning the application of the provisions of paragraph (1) in the case where a corporation has succeeded, through a qualified merger in which it is the merging corporation, to the status as a partner of a merged corporation that is a partner prescribed in that paragraph, and other necessary matters concerning the application of the provisions of paragraph (1) or paragraph (2), are specified by Cabinet Order.