Article 71-8Special Provisions on Calculation of Taxable Value for Land, etc. Held by Passenger Railway Companies
第七十一条の八（旅客会社が有する土地等についての課税価格の計算の特例）
With regard to land, etc. held as of the taxation date by a passenger railway company prescribed in Article 1, paragraph (1) of the Act on Passenger Railway Companies and Japan Freight Railway Company (Act No. 88 of 1986) (referred to as a "passenger railway company" in this paragraph and the following paragraph) (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 the preceding Article; the same applies in this paragraph and the following paragraph), the value to be included in the taxable value of land value tax prescribed in Article 16 of the Land-holding Tax Act for that passenger railway company relating to the taxation date of each year from 1992 to 2001 is the amount equivalent to one half of the value of that land, etc.
With regard to land, etc. that falls under any of the following items as of the taxation date, the value to be included in the taxable value of land value tax prescribed in Article 16 of the Land-holding Tax Act relating to the taxation date of each year from 1992 to 2001 is the amount equivalent to one half of the value of that land, etc.:
land, etc. on which a land lease right, etc. has been created by a passenger railway company, and other land, etc. leased to a passenger railway company (excluding land, etc. whose lease period is short-term and other land, etc. specified by Cabinet Order);
land, etc. used for buildings or other structures leased exclusively to a passenger railway company (referred to as "buildings, etc." hereinafter in this Chapter) that are specified by Cabinet Order.
With regard to the application of the provisions of the Land-holding Tax Act in the case where the provisions of the preceding two paragraphs 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 71-8, paragraph (1) or (2) (Special Provisions on Calculation of Taxable Value for Land, etc. Held by Passenger Railway Companies) of the Act on Special Measures Concerning Taxation", and the phrase "Article 17" in Article 33 of that Act is deemed to be replaced with "Article 17 and Article 71-8, paragraph (1) or (2) (Special Provisions on Calculation of Taxable Value for Land, etc. Held by Passenger Railway Companies) of the Act on Special Measures Concerning Taxation".
前二項の規定の適用がある場合における地価税法の規定の適用については、同法第十八条第一項第二号中「前条」とあり、及び同法第二十九条中「第十七条」とあるのは「租税特別措置法第七十一条の八第一項又は第二項（旅客会社が有する土地等についての課税価格の計算の特例）」と、同法第三十三条中「第十七条」とあるのは「第十七条及び租税特別措置法第七十一条の八第一項又は第二項（旅客会社が有する土地等についての課税価格の計算の特例）」とする。
The provisions of paragraphs (5) and (6) of the preceding Article apply mutatis mutandis where the provisions of paragraph (2) are applied.