①With regard to land, etc. used, as of the taxation date, for environmental facilities prescribed in Article 4, paragraph (1), item (i) of the Factory Location Act (Act No. 24 of 1959) (excluding land, etc. that falls under the land, etc. listed in item (i) of Appended Table 2 of the Land-holding Tax Act), excluding land, etc. that is exempt from land value tax under the provisions of Articles 6 through 8 and Article 3, paragraph (2) of the Supplementary Provisions of the Land-holding Tax Act and the provisions of Articles 71-2 through 71-6, and land, etc. that falls under the provisions of Article 17 of that Act and the provisions of Article 71-7 through the preceding Article, the value to be included in the taxable value of land value tax prescribed in Article 16 of that Act is the amount equivalent to two-thirds of the value of that land, etc.

②With regard to the application of the provisions of the Land-holding Tax Act in the case where the provisions of the preceding paragraph apply, the phrase "the preceding Article" in Article 18, paragraph (1), item (ii) of that Act and the phrase "Article 17" in Article 29 of that Act are deemed to be replaced with "Article 71-13, paragraph (1) (Special Provisions on Calculation of Taxable Value for Land, etc. Used for Environmental Facilities) of the Act on Special Measures Concerning Taxation", the phrase "one half" in those provisions is deemed to be replaced with "two-thirds", and the phrase "Article 17" in Article 33 of that Act is deemed to be replaced with "Article 17 and Article 71-13, paragraph (1) (Special Provisions on Calculation of Taxable Value for Land, etc. Used for Environmental Facilities) of the Act on Special Measures Concerning Taxation".

③The provisions of Article 71-7, paragraphs (5) and (6) apply mutatis mutandis where the provisions of paragraph (1) are applied.