This Act comes into effect on April 1, 1976; provided, however, that the provisions listed in the following items come into effect on the dates listed respectively in those items:

Unless otherwise provided, the provisions of Chapter II of the Act on Special Measures Concerning Taxation as amended (hereinafter referred to as the "New Act") apply to income tax for 1976 and subsequent years, and with regard to income tax for 1975 and earlier years, the provisions then in force continue to govern.

①The provisions of items (ii) through (xi) of the table in Article 11, paragraph (1) of the New Act apply to specified equipment, etc. prescribed in that paragraph for which an individual makes an acquisition, etc. (meaning acquisition, or manufacture or construction; the same applies hereinafter in this Article) on or after the date of enforcement of this Act (hereinafter referred to as the "Effective Date") and which the individual provides for use in the individual's business, and in the case where an individual has provided for use in the individual's business depreciable assets listed in items (ii) through (x) of the table in Article 11, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment (hereinafter referred to as the "Former Act") for which the individual made an acquisition, etc. before the Effective Date, the provisions then in force continue to govern.

②With regard to machinery and equipment, etc. for the commercialization of new technology prescribed in Article 12, paragraph (1) of the Former Act for which an individual obtained the approval prescribed in that paragraph before the Effective Date, the provisions then in force continue to govern.

③The provisions of Article 12-2, paragraph (1) of the New Act apply to industrial machinery, etc. prescribed in that paragraph for which an individual makes an acquisition, etc. on or after the Effective Date and which the individual provides for use in the individual's business, and in the case where an individual has provided for use in the individual's business industrial machinery, etc. prescribed in Article 12-2, paragraph (1) of the Former Act for which the individual made an acquisition, etc. before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of Article 12-2, paragraph (1) of the New Act to industrial machinery, etc. prescribed in that paragraph for which an acquisition, etc. is made during the period from the Effective Date to March 31, 1979 within the districts listed in item (ii) (limited to the part concerning industrial development districts) and item (iii) of the table in that paragraph, the phrase "one-fourth" in item (ii) of that table is deemed to be replaced with "one-third", the phrase "one-sixth" with "one-fifth", the phrase "one-third" in item (iii) of that table with "one-half", and the phrase "one-fifth" with "one-fourth".

④The provisions of Article 12-3, paragraph (1) of the New Act apply to machinery and equipment prescribed in that paragraph that an individual acquires or manufactures on or after the Effective Date and provides for use in the individual's business, and in the case where an individual has provided for use in the individual's business machinery and equipment prescribed in Article 12-3, paragraph (1) of the Former Act that the individual acquired or manufactured before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of Article 12-3, paragraph (1) of the New Act to machinery and equipment prescribed in that paragraph that are acquired or manufactured during the period from the Effective Date to March 31, 1978, the phrase "one-sixth" in that paragraph is deemed to be replaced with "one-fifth".

⑤With regard to the calculation of the amount of depreciation allowance for fishing vessels listed in Article 13-2, paragraph (1), item (iii) of the Former Act that is included in necessary expenses in calculating the amount of business income for each year up to the year preceding the year that includes the date of enforcement of the Act on Special Measures for the Reconstruction and Improvement of Fisheries, of an individual falling under the case listed in that item, the provisions of that Article are to govern, with the phrase "March 31, 1976" in that item deemed to be replaced with "the day before the date of enforcement of the Act on Special Measures for the Reconstruction and Improvement of Fisheries (Act No. 43 of 1976)".

⑥With regard to the application of the provisions of Article 13-2, paragraph (1), item (iii) of the New Act to income tax for a year whose December 31 falls within the period prescribed in paragraph (3) of the Supplementary Provisions of the Act on Special Measures for the Reconstruction and Improvement of Fisheries, of an individual who is a member prescribed in that item of a fishery cooperative, etc. prescribed in Article 5, paragraph (1) of that Act pertaining to a small and medium sized fishery structural improvement plan prescribed in Article 4-2, paragraph (1) of the former Act on Special Measures for the Promotion of Small and Medium-Sized Fisheries (Act No. 59 of 1967) for which the certification under that paragraph was received and which is deemed under paragraph (3) of the Supplementary Provisions of the Act on Special Measures for the Reconstruction and Improvement of Fisheries to have received the certification under Article 5, paragraph (1) of that Act, the phrase "that has received the certification under paragraph (1) of Article 5 of that Act pertaining to a small and medium sized fishery structural improvement plan prescribed in that paragraph during the period from April 1, 1976 to March 31, 1978" in that item is deemed to be replaced with "pertaining to a small and medium sized fishery structural improvement plan prescribed in Article 4-2, paragraph (1) of the former Act on Special Measures for the Promotion of Small and Medium-Sized Fisheries (Act No. 59 of 1967) for which the certification under that paragraph was received and which is deemed under paragraph (3) of the Supplementary Provisions of the Act on Special Measures for the Reconstruction and Improvement of Fisheries to have received the certification under Article 5, paragraph (1) of that Act".

⑦The provisions of Article 14, paragraph (1) of the New Act apply to rental housing prescribed in that paragraph that an individual acquires or newly builds on or after the Effective Date, and with regard to rental housing prescribed in Article 14, paragraph (1) of the Former Act that an individual acquired or newly built before the Effective Date, the provisions then in force continue to govern.

⑧The provisions of Article 14, paragraph (2) of the New Act apply to specified buildings, etc. prescribed in that paragraph that an individual acquires or newly builds on or after the Effective Date, and with regard to stores, etc. of housing with attached stores, etc. prescribed in Article 14, paragraph (2) of the Former Act that an individual acquired or newly built before the Effective Date, the provisions then in force continue to govern.

⑨The provisions of Article 15, paragraph (1) of the New Act apply to specified stockpiling facilities, etc. prescribed in that paragraph that an individual acquires or constructs on or after the Effective Date, and with regard to specified stockpiling facilities, etc. prescribed in Article 15, paragraph (1) of the Former Act that an individual acquired or constructed before the Effective Date, the provisions then in force continue to govern.

⑩In the case where an individual who is a certified small and medium sized enterprise listed in Article 16-2, paragraph (1), item (ii) of the Former Act obtained the certification listed in that item before the date of enforcement of the Act on Temporary Measures for Business Conversion of Small and Medium-Sized Enterprises, the provisions then in force continue to govern.

⑪The provisions of Article 17 of the New Act apply to depreciable assets prescribed in that Article for which an individual makes an acquisition, etc. on or after the Effective Date, and with regard to depreciable assets prescribed in Article 17 of the Former Act for which an individual made an acquisition, etc. before the Effective Date, the provisions then in force continue to govern.

①With regard to income tax for 1976, if the amount calculated under the provisions of Article 19, paragraph (1) of the New Act as of December 31, 1976 is less than whichever is the lesser of the amounts listed in the following items, notwithstanding the provisions of that paragraph, that lesser amount is to be the amount calculated under the provisions of that paragraph:

②With regard to the application of the provisions of Article 20-2, paragraph (1) of the New Act to income tax for 1976, the phrase "within the designated period of that year" in paragraph (1), item (i) of that Article is deemed to be replaced with "within the period from April 1, 1976 to December 31 of that year", and the phrase "amount equivalent to" with "total of the amount equivalent to that and the amount equivalent to 3/1,000 (or 6/1,000, for a business belonging to the type of business specified by that Cabinet Order) of the amount specified by that Cabinet Order within the period from January 1 to March 31 of that year".

③With regard to the calculation of the amount of business income for 1976 and earlier years of an individual who holds a reserve for exhibiting at the Okinawa International Ocean Exposition under the provisions of Article 20-4 of the Former Act, the provisions of that Article remain in force.

With regard to the application of the provisions of Article 21, paragraph (1) of the New Act to income tax for 1976, the phrase "55 percent of that revenue" in that paragraph is deemed to be replaced with "70 percent of that revenue within the period from January 1, 1976 to March 31 of that year (or 30 percent for revenue from the transactions listed in item (iii) of the following paragraph, and 20 percent for revenue from the transactions listed in item (iv) of that paragraph) and the amount equivalent to 55 percent of that revenue within the period from April 1 to December 31 of that year", and the phrase "the total of the amounts equivalent to" with "the total of the amount equivalent to".

①In the case where an individual has set aside a reserve prescribed in Article 28-5, paragraph (1) of the Former Act in any year from 1972 to 1976, the provisions then in force continue to govern.

②In the case where an individual who has set aside a reserve prescribed in Article 28-5, paragraph (1) of the Former Act in one or more of the years from 1972 to 1976 sets aside that reserve in 1977 or 1978, the provisions of that Article are to govern, with the phrase "each year that includes a day within the period from April 1, 1972 to March 31, 1976" in that paragraph deemed to be replaced with "1977 or 1978".

The provisions of Article 37, paragraph (1) of the New Act apply in the case where an individual transfers assets prescribed in that paragraph on or after the Effective Date, and in the case where an individual transferred assets prescribed in Article 37, paragraph (1) of the Former Act before the Effective Date, the provisions then in force continue to govern.

①With regard to consideration for the lease of ships prescribed in Article 41-14 of the Former Act that a nonresident or a foreign corporation is to receive under a contract concluded during the period from April 1, 1975 to March 31, 1976, the provisions of that Article are to govern, with the phrase "March 31, 1977" in that Article deemed to be replaced with "March 31, 1976".

②With regard to consideration for the lease of ships prescribed in Article 41-14 of the Former Act that are intended to serve on international routes, which a nonresident or a foreign corporation is to receive under a contract concluded during the period from April 1, 1976 to March 31, 1977, the provisions of that Article are to govern, with the phrase "April 1, 1975" in that Article deemed to be replaced with "April 1, 1976", and the word "ships" with "ships intended to serve on international routes".

Unless otherwise provided, the provisions of Chapter III of the New Act apply to corporation tax for business years of corporations (including associations or foundations without juridical personality prescribed in Article 2, item (viii) of the Corporation Tax Act (Act No. 34 of 1965); the same applies hereinafter) commencing on or after the Effective Date, and with regard to corporation tax for business years of corporations that commenced before the Effective Date, the provisions then in force continue to govern.

①The provisions of items (ii) through (x), (xiv) and (xv) of the table in Article 43, paragraph (1) of the New Act apply to specified equipment, etc. prescribed in Article 43, paragraph (1) of the New Act for which a corporation makes an acquisition, etc. (meaning acquisition, or manufacture or construction; the same applies hereinafter in this Article and in paragraph (9) of the following Article) on or after the Effective Date and which it provides for use in its business, and in the case where a corporation has provided for use in its business depreciable assets listed in items (ii) through (ix), (xiv) and (xv) of the table in Article 43, paragraph (1) of the Former Act for which it made an acquisition, etc. before the Effective Date, the provisions then in force continue to govern.

②The provisions of items (xi) through (xiii) of the table in Article 43, paragraph (1) of the New Act apply to the equipment referred to in those items that is acquired or constructed in conjunction with the execution of construction work specified on or after the Effective Date by Cabinet Order as prescribed in those items, and with regard to the equipment referred to in items (x), (xi) and (xiii) of the table in Article 43, paragraph (1) of the Former Act that was acquired or constructed in conjunction with the execution of construction work specified before the Effective Date by Cabinet Order as prescribed in those items, the provisions then in force continue to govern.

③With regard to the equipment referred to in item (xii) of the table in Article 43, paragraph (1) of the Former Act that was acquired or constructed in conjunction with the execution of construction work specified before the Effective Date by Cabinet Order as prescribed in that item, the provisions then in force continue to govern.

④With regard to machinery and equipment, etc. for the commercialization of new technology prescribed in Article 44, paragraph (1) of the Former Act for which a corporation obtained the approval prescribed in that paragraph before the Effective Date, the provisions then in force continue to govern.

⑤The provisions of Article 45, paragraph (1) of the New Act apply to industrial machinery, etc. prescribed in that paragraph for which a corporation makes an acquisition, etc. on or after the Effective Date and which it provides for use in its business, and in the case where a corporation has provided for use in its business industrial machinery, etc. prescribed in Article 45, paragraph (1) of the Former Act for which it made an acquisition, etc. before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of Article 45, paragraph (1) of the New Act to industrial machinery, etc. prescribed in that paragraph for which an acquisition, etc. is made during the period from the Effective Date to March 31, 1979 within the districts listed in item (ii) (limited to the part concerning industrial development districts) and item (iii) of the table in that paragraph, the phrase "one-fourth" in item (ii) of that table is deemed to be replaced with "one-third", the phrase "one-sixth" with "one-fifth", the phrase "one-third" in item (iii) of that table with "one-half", and the phrase "one-fifth" with "one-fourth".

⑥The provisions of Article 45-2, paragraph (1) of the New Act apply to machinery and equipment prescribed in that paragraph that a corporation acquires or manufactures on or after the Effective Date and provides for use in its business, and in the case where a corporation has provided for use in its business machinery and equipment prescribed in Article 45-2, paragraph (1) of the Former Act that it acquired or manufactured before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of Article 45-2, paragraph (1) of the New Act to machinery and equipment prescribed in that paragraph that are acquired or manufactured during the period from the Effective Date to March 31, 1978, the phrase "one-sixth" in that paragraph is deemed to be replaced with "one-fifth".

⑦With regard to the calculation of the depreciation limit for fishing vessels listed in Article 45-3, paragraph (1), item (iii) of the Former Act for business years ending before the date of enforcement of the Act on Special Measures for the Reconstruction and Improvement of Fisheries of a corporation falling under the case listed in that item, the provisions of that Article are to govern, with the phrase "March 31, 1976" in that item deemed to be replaced with "the day before the date of enforcement of the Act on Special Measures for the Reconstruction and Improvement of Fisheries".

⑧With regard to the application of the provisions of Article 45-3, paragraph (1), item (iii) of the New Act to corporation tax for business years ending within the period prescribed in paragraph (3) of the Supplementary Provisions of the Act on Special Measures for the Reconstruction and Improvement of Fisheries of a corporation that is a member prescribed in that item of a fishery cooperative, etc. prescribed in Article 5, paragraph (1) of that Act pertaining to a small and medium sized fishery structural improvement plan prescribed in Article 4-2, paragraph (1) of the former Act on Special Measures for the Promotion of Small and Medium-Sized Fisheries for which the certification under that paragraph was received and which is deemed under paragraph (3) of the Supplementary Provisions of the Act on Special Measures for the Reconstruction and Improvement of Fisheries to have received the certification under Article 5, paragraph (1) of that Act, the phrase "that has received the certification under paragraph (1) of Article 5 of that Act pertaining to a small and medium sized fishery structural improvement plan prescribed in that paragraph during the period from April 1, 1976 to March 31, 1978" in that item is deemed to be replaced with "pertaining to a small and medium sized fishery structural improvement plan prescribed in Article 4-2, paragraph (1) of the former Act on Special Measures for the Promotion of Small and Medium-Sized Fisheries for which the certification under that paragraph was received and which is deemed under paragraph (3) of the Supplementary Provisions of the Act on Special Measures for the Reconstruction and Improvement of Fisheries to have received the certification under Article 5, paragraph (1) of that Act".

⑨The provisions of Article 47, paragraph (1) of the New Act apply to rental housing prescribed in that paragraph that a corporation acquires or newly builds on or after the Effective Date, and with regard to rental housing prescribed in Article 47, paragraph (1) of the Former Act that a corporation acquired or newly built before the Effective Date, the provisions then in force continue to govern.

⑩The provisions of Article 47, paragraph (2) of the New Act apply to specified buildings, etc. prescribed in that paragraph that a corporation acquires or newly builds on or after the Effective Date, and with regard to stores, etc. of housing with attached stores, etc. prescribed in Article 47, paragraph (2) of the Former Act that a corporation acquired or newly built before the Effective Date, the provisions then in force continue to govern.

⑪The provisions of Article 48, paragraph (1) of the New Act apply to specified stockpiling facilities, etc. prescribed in that paragraph that a corporation acquires or constructs on or after the Effective Date, and with regard to specified stockpiling facilities, etc. prescribed in Article 48, paragraph (1) of the Former Act that a corporation acquired or constructed before the Effective Date, the provisions then in force continue to govern.

⑫The provisions of Article 50, paragraph (1) of the New Act apply to structures prescribed in that paragraph that a corporation acquires (including improves) or constructs on or after the Effective Date and provides for use in the expanded afforestation referred to in that paragraph, and in the case where a corporation has provided for use in the expanded afforestation referred to in Article 50, paragraph (1) of the Former Act structures prescribed in that paragraph that it so acquired or constructed before the Effective Date, the provisions then in force continue to govern.

⑬In the case where a corporation that is a certified small and medium sized enterprise listed in Article 51-2, paragraph (1), item (ii) of the Former Act obtained the certification listed in that item before the date of enforcement of the Act on Temporary Measures for Business Conversion of Small and Medium-Sized Enterprises, the provisions then in force continue to govern.

⑭The provisions of Article 52-4, paragraph (4) of the New Act apply to the inclusion in gross profit of a reserve for special depreciation that a corporation has set aside under the provisions of paragraph (1) or (2) of that Article in a business year ending on or after the Effective Date, and with regard to the inclusion in gross profit of a reserve for special depreciation that a corporation set aside under the provisions of Article 52-4, paragraph (1) or (2) of the Former Act in a business year that ended before the Effective Date, the provisions then in force continue to govern.

⑮The provisions of Article 52-5 of the New Act apply to depreciable assets prescribed in that Article for which a corporation makes an acquisition, etc. on or after the Effective Date, and with regard to depreciable assets prescribed in Article 52-5 of the Former Act for which a corporation made an acquisition, etc. before the Effective Date, the provisions then in force continue to govern.

①With regard to corporation tax for the business year commencing first on or after the Effective Date (hereinafter referred to as the "business year of the amendment" in this paragraph), if the total of the amounts calculated under the provisions of the items of Article 53, paragraph (1) of the New Act at the end of the business year of the amendment is less than whichever is the lesser of the amounts listed in the following items, notwithstanding the provisions of that paragraph, that lesser amount is to be the total of the amounts calculated under the provisions of the items of that paragraph:

②With regard to corporation tax for each business year up to the business year immediately preceding the first business year in which the total of the amounts calculated under the provisions of the items of Article 53, paragraph (1) of the New Act for a corporation to which the provisions of the preceding paragraph have been applied comes to exceed the amount of the reserve for price fluctuations at the end of the business year immediately preceding that business year (or, for a merging corporation that has carried out a merger in that business year, the amount obtained by adding the amount of the reserve for price fluctuations taken over from the merged corporation; the same applies in item (i)) (limited to each business year commencing before April 1, 1977), notwithstanding the provisions of that paragraph, whichever is the lesser of the amounts listed in the following items is to be the total of the amounts calculated under the provisions of the items of that paragraph:

③The provisions of Article 54 of the New Act apply to corporation tax on income for business years of corporations ending on or after the Effective Date, and with regard to corporation tax on income for business years of corporations that ended before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of that Article to a corporation prescribed in paragraph (1) of that Article whose amount of capital or amount of contribution exceeds 100 million yen at the end of a business year that commenced before the Effective Date and ends on or after the Effective Date, the phrase "the amount calculated by dividing" in that paragraph is deemed to be replaced with "the amount calculated by dividing (for a business year that commences before the date of enforcement of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 5 of 1976) and ends on or after that date, the amount obtained by adding, to the total of the amount equivalent to 10/1,000 of the amount calculated by multiplying the revenue from the transactions listed in item (i) of the following paragraph by the number of months in the period from the first day of that business year to March 31, 1976 (hereinafter referred to as the "designated period for the former reserve rate" in this paragraph) and dividing the product by the number of months in that base year, and the amount equivalent to 9/1,000 of the amount calculated by multiplying the revenue from those transactions by the number of months obtained by deducting the number of months in the designated period for the former reserve rate from the number of months in that business year and dividing the product by the number of months in that base year, the total of the amount equivalent to 15/1,000 of the amount calculated by multiplying the revenue from the transactions listed in items (ii) through (viii) of the following paragraph by the number of months in the designated period for the former reserve rate and dividing the product by the number of months in that base year, and the amount equivalent to 12/1,000 of the amount calculated by multiplying the revenue from those transactions by the number of months obtained by deducting the number of months in the designated period for the former reserve rate from the number of months in that business year and dividing the product by the number of months in that base year)".

④The provisions of Article 55 (excluding the part concerning paragraph (2) of that Article) and Article 56 of the New Act apply to specified shares, etc. prescribed in Article 55, paragraph (1) and Article 56, paragraph (1) of the New Act that a corporation acquires on or after the Effective Date, and with regard to specified shares, etc. prescribed in Article 55, paragraph (1) and Article 56, paragraph (1) of the Former Act that a corporation acquired before the Effective Date, except in the case provided for in the following paragraph, the provisions then in force continue to govern.

⑤In the case where a corporation acquired specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act before the Effective Date and, on or after the Effective Date, comes to fall under any of the cases listed in the items of Article 55, paragraph (5) of the New Act, the provisions of that paragraph are to govern. In this case, if a corporation listed in the left-hand column of item (iii) or (iv) of the table in paragraph (1) of that Article pertaining to those specified shares, etc. comes to fall under the case listed in paragraph (5), item (iii), (a) of that Article, the phrase "25 percent" in (a) of that item is deemed to be replaced with "40 percent".

⑥The provisions of Article 56-4 of the New Act (excluding paragraph (3) of that Article) apply to the amount of railway equipment expenditure (meaning the amount paid for the acquisition of the equipment prescribed in Article 56-4, paragraph (1) of the New Act) pertaining to construction work specified on or after the Effective Date by Cabinet Order as prescribed in item (xi) of the table in Article 43, paragraph (1) of the New Act, and with regard to that amount of railway equipment expenditure pertaining to construction work specified before the Effective Date by Cabinet Order as prescribed in item (x) of the table in Article 43, paragraph (1) of the Former Act, the provisions then in force continue to govern.

⑦The provisions of Article 56-5 of the New Act (excluding paragraph (3) of that Article) apply to power generation facility expenditure (meaning the amount paid for the acquisition of the power generation facilities prescribed in Article 56-5, paragraph (1) of the New Act) pertaining to construction work specified on or after the Effective Date by Cabinet Order as prescribed in item (xii) of the table in Article 43, paragraph (1) of the New Act, and with regard to that power generation facility expenditure pertaining to construction work specified before the Effective Date by Cabinet Order as prescribed in item (xi) of the table in Article 43, paragraph (1) of the Former Act, the provisions then in force continue to govern.

⑧The provisions of Article 56-6 of the New Act (excluding paragraph (4) of that Article) apply to specified supply facility expenditure (meaning the amount paid for the acquisition of the specified supply facilities prescribed in Article 56-6, paragraph (1) of the New Act) pertaining to construction work specified on or after the Effective Date by Cabinet Order as prescribed in item (xiii) of the table in Article 43, paragraph (1) of the New Act, and with regard to that specified supply facility expenditure pertaining to construction work specified before the Effective Date by Cabinet Order as prescribed in item (xiii) of the table in Article 43, paragraph (1) of the Former Act, the provisions then in force continue to govern.

⑨The provisions of Article 56-4, paragraph (3), Article 56-5, paragraph (3) or Article 56-6, paragraph (4) of the New Act apply to the inclusion in gross profit of a depreciation reserve (meaning the reserve for specified railway construction depreciation under Article 56-4, paragraph (1) of the New Act, the reserve for nuclear power generation construction depreciation under Article 56-5, paragraph (1) of the New Act and the reserve for specified gas pipeline construction depreciation under Article 56-6, paragraph (1) of the New Act) pertaining to the equipment listed in items (xi) through (xiii) of the table in Article 43, paragraph (1) of the New Act for which a corporation makes an acquisition, etc. and which it provides for use in its business in a business year ending on or after the Effective Date, and with regard to the inclusion in gross profit of that depreciation reserve pertaining to that equipment for which a corporation made an acquisition, etc. and which it provided for use in its business in a business year that ended before the Effective Date, the provisions then in force continue to govern.

⑩The provisions of Article 56-8 of the New Act apply to corporation tax on income for business years of corporations ending on or after the Effective Date, and with regard to corporation tax on income for business years of corporations that ended before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of that Article in a business year of a corporation that commenced before the Effective Date and ends on or after the Effective Date, the phrase "within the designated period of that business year" in paragraph (1), item (i) of that Article is deemed to be replaced with "within the period from April 1, 1976 to the end of that business year", and the phrase "amount equivalent to" with "total of the amount equivalent to that and the amount equivalent to 3/1,000 (or 6/1,000, for a business belonging to the type of business specified by that Cabinet Order) of the amount specified by that Cabinet Order within the period from the first day of that business year to March 31 of that year".

⑫With regard to the calculation of the amount of income for business years up to and including the business year that includes July 18, 1976 of a corporation that holds a reserve for exhibiting at the Okinawa International Ocean Exposition under the provisions of Article 56-12 of the Former Act, the provisions of that Article remain in force.

The provisions of Article 58 of the New Act apply to corporation tax on income for business years of corporations ending on or after the Effective Date, and with regard to corporation tax on income for business years of corporations ending before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of Article 58, paragraph (1) of the New Act in the case where a corporation has revenue from overseas transactions involving technology, etc. prescribed in that paragraph in a business year that commenced before the Effective Date and ends on or after the Effective Date, the phrase "55 percent of that revenue" in that paragraph is deemed to be replaced with "70 percent of that revenue within the period from the first day of that business year to March 31, 1976 (or 30 percent for revenue from the transactions listed in item (iii) of the following paragraph, and 20 percent for revenue from the transactions listed in item (iv) of that paragraph) and the amount equivalent to 55 percent of that revenue within the period from April 1 of that year to the end of that business year", and the phrase "the total of the amounts equivalent to" with "the total of the amount equivalent to".

①The provisions of Articles 65-3 and 65-4 of the New Act apply to corporation tax on transfers of assets falling under those provisions that a corporation carries out on or after January 1, 1976, and with regard to corporation tax on transfers of assets falling under the provisions of Articles 65-3 and 65-4 of the Former Act that a corporation carried out before that date, the provisions then in force continue to govern.

②The provisions of Article 65-7 of the New Act apply to corporation tax on transfers of assets falling under the provisions of that Article that a corporation carries out on or after the Effective Date, and with regard to corporation tax on transfers of assets falling under the provisions of Article 65-7 of the Former Act that a corporation carried out before the Effective Date, the provisions then in force continue to govern.

①In the case where a corporation engaged in the business prescribed in Article 66, paragraph (1), item (i) and Article 66-3, paragraph (1), item (i) of the Former Act obtained the approval prescribed in those provisions on or before March 31, 1976, those provisions are to govern, with the phrase "March 31, 1977" in those provisions deemed to be replaced with "March 31, 1976".

②In the case where a corporation specified by Cabinet Order out of the corporations engaged in the business prescribed in Article 66, paragraph (1), item (i) and Article 66-3, paragraph (1), item (i) of the Former Act obtains the approval prescribed in those provisions during the period from April 1, 1976 to March 31, 1978, those provisions are to govern, with the phrase "corporation engaged in the business" in those provisions deemed to be replaced with "corporation specified by Cabinet Order prescribed in Article 14, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 5 of 1976; hereinafter referred to as the "1976 Amending Act") out of the corporations engaged in the business", and the phrase "March 31, 1977" with "March 31, 1978".

③In the case where a corporation that falls under the category of small and medium sized fishery operators prescribed in Article 66, paragraph (1), item (v) and Article 66-3, paragraph (1), item (iv) of the Former Act obtained the certification prescribed in those provisions during the period from April 1, 1972 to the day preceding the date of enforcement of the Act on Special Measures for the Reconstruction and Improvement of Fisheries, those provisions are to govern, with the phrase "March 31, 1976" in those provisions deemed to be replaced with "the day preceding the date of enforcement of the Act on Special Measures for the Reconstruction and Improvement of Fisheries".

④With regard to the application of the provisions of Article 66, paragraph (1), item (v) and Article 66-3, paragraph (1), item (iv) of the New Act in the case where a corporation that is a member prescribed in Article 66, paragraph (1), item (v) of the New Act of a fishery cooperative, etc. prescribed in Article 5, paragraph (1) of the Act on Special Measures for the Reconstruction and Improvement of Fisheries relating to a small and medium sized fishery structural improvement plan prescribed in Article 4-2, paragraph (1) of the former Act on Special Measures for the Promotion of Small and Medium Sized Fisheries which obtained the certification under that paragraph and which is deemed to have obtained the certification under Article 5, paragraph (1) of the Act on Special Measures for the Reconstruction and Improvement of Fisheries pursuant to the provisions of paragraph (3) of the Supplementary Provisions of that Act, obtains the certification under Article 10, paragraph (1) or (2) of that Act within the period prescribed in paragraph (3) of the Supplementary Provisions of the Act on Special Measures for the Reconstruction and Improvement of Fisheries, the phrase "relating to the certification under Article 5, paragraph (1) of that Act obtained during the period from April 1, 1976 to March 31, 1978 for a small and medium sized fishery structural improvement plan prescribed in that paragraph" in those provisions is deemed to be replaced with "relating to a small and medium sized fishery structural improvement plan prescribed in Article 4-2, paragraph (1) of the former Act on Special Measures for the Promotion of Small and Medium Sized Fisheries which obtained the certification under that paragraph and which is deemed to have obtained the certification under Article 5, paragraph (1) of that Act pursuant to the provisions of paragraph (3) of the Supplementary Provisions of the Act on Special Measures for the Reconstruction and Improvement of Fisheries", and the phrase "that certification" with "the certification under Article 4-2, paragraph (1) of the former Act on Special Measures for the Promotion of Small and Medium Sized Fisheries".

With regard to the amount of loss prescribed in paragraph (3) of Article 68 of the Former Act or the remaining balance of the deduction for carryover prescribed in paragraph (4) of that Article of a corporation to which the provisions of paragraph (1) of that Article were applied, the provisions then in force continue to govern.

In the case where a corporation that accumulated the reserve prescribed in Article 68-2, paragraph (1) of the Former Act in any one or more of the business years each of which includes a day within the period from April 1, 1972 to March 31, 1976 accumulates that reserve in a business year commencing on or after April 1, 1976, the provisions of that Article are to govern, with the phrase "March 31, 1976" in that paragraph deemed to be replaced with "March 31, 1978".

With regard to the amount of loss prescribed in Article 68-3 of the Former Act incurred in each business year, from the business year that includes February 14, 1973 to the business year that includes the day on which two years have elapsed from the date of commencement of that business year, of a corporation prescribed in that Article, the provisions then in force continue to govern.

①With regard to registration and license tax on the registration of preservation of ownership of a house for residential use that the Japan Workers' Housing Association newly built on or before March 31, 1976 and that falls under the provisions of Article 74-2 of the Former Act, the provisions then in force continue to govern.

②The provisions of Article 75 of the New Act apply to registration and license tax on the registration prescribed in that Article that the Pension Welfare Service Public Corporation receives on or after the Effective Date, and with regard to registration and license tax on that registration received before the Effective Date, the provisions then in force continue to govern.

③With regard to registration and license tax on the registration of preservation of ownership or registration of transfer of ownership of a house falling under the provisions of Article 75-2 of the Former Act that a founder of a public medical institution or a social welfare corporation prescribed in that Article newly built or acquired on or before March 31, 1976, the provisions then in force continue to govern.

④With regard to registration and license tax on the registration of preservation of ownership or registration of transfer of ownership of land that was sold or transferred without compensation by the State on or before March 31, 1976 and that falls under the provisions of Article 76 of the Former Act, the provisions of that Article remain in force. In this case, the phrase "for registration" in paragraph (1) of that Article is deemed to be replaced with "for registration, limited to registration received, as provided by Order of the Ministry of Finance, within one year from the date of enforcement of the 1976 Amendment Act (or, if there are unavoidable circumstances specified by Cabinet Order due to which registration cannot be made within one year, within the period specified by Cabinet Order; the same applies hereinafter in this Article)", and the phrase "registration" in paragraph (2) of that Article with "for registration received, as provided by Order of the Ministry of Finance, within one year from the date of enforcement of the 1976 Amendment Act, that registration".

⑤The provisions of Article 77-4 of the New Act apply to registration and license tax on the registration of transfer of ownership of agricultural land, etc. prescribed in paragraph (1) of that Article that is acquired on or after the Effective Date, and with regard to registration and license tax on the registration of transfer of ownership of such agricultural land, etc. acquired before the Effective Date, the provisions then in force continue to govern.

⑥With regard to registration and license tax on the registration of creation of a mortgage received in order to secure claims relating to loans falling under the provisions of Article 77-6 or 77-7 of the Former Act that were made on or before March 31, 1976 to a person engaged in agriculture, forestry or fisheries prescribed in Article 77-6 of the Former Act, or to a person engaged in agriculture, forestry or fisheries or an organization prescribed in Article 77-7 of the Former Act, the provisions then in force continue to govern.

⑦With regard to registration and license tax on the registration of transfer of ownership of forest land acquired through an exchange carried out on or before March 31, 1976 that falls under the provisions of Article 78 of the Former Act, the provisions of that Article remain in force. In this case, the phrase "registration of transfer of ownership" in that Article is deemed to be replaced with "registration of transfer of ownership received within one year from the date of enforcement of the 1976 Amending Act".

⑧With regard to registration and license tax on registration of the matters listed in the items of Article 81 of the Former Act relating to certification under the provisions of Article 6, paragraph (2) of the Act on Special Measures for the Promotion of Small and Medium Sized Fisheries given during the period from April 1, 1972 to the day preceding the date of enforcement of the Act on Special Measures for the Reconstruction and Improvement of Fisheries, where that registration is received within one year from the date of that certification, the provisions of that Article are to govern, with the phrase "during the period up to March 31, 1976 under that paragraph" in that Article deemed to be replaced with "during the period up to the day preceding the date of enforcement of the Act on Special Measures for the Reconstruction and Improvement of Fisheries under that paragraph".

⑨With regard to the application of the provisions of Article 81 of the New Act to registration and license tax on registration of the matters listed in the items of that Article relating to certification under the provisions of Article 10, paragraph (1) of the Act on Special Measures for the Reconstruction and Improvement of Fisheries given, within the period prescribed in paragraph (3) of the Supplementary Provisions of that Act, for a small and medium sized fishery structural improvement plan prescribed in Article 4-2, paragraph (1) of the former Act on Special Measures for the Promotion of Small and Medium Sized Fisheries which obtained the certification under that paragraph and which is deemed, pursuant to the provisions of paragraph (3) of the Supplementary Provisions of the Act on Special Measures for the Reconstruction and Improvement of Fisheries, to be a small and medium sized fishery structural improvement plan prescribed in Article 5, paragraph (1) of that Act that has obtained certification under the provisions of that paragraph, the phrase "small and medium sized fishery structural improvement plan prescribed in Article 5, paragraph (1) that was certified pursuant to the provisions of that paragraph during the period from April 1, 1976 to March 31, 1978" in that Article is deemed to be replaced with "small and medium sized fishery structural improvement plan prescribed in Article 4-2, paragraph (1) of the former Act on Special Measures for the Promotion of Small and Medium Sized Fisheries which has obtained certification under the provisions of that paragraph and which has been deemed, pursuant to the provisions of paragraph (3) of the Supplementary Provisions, to be a small and medium sized fishery structural improvement plan prescribed in Article 5, paragraph (1) of that Act that has obtained certification under the provisions of that paragraph", and the phrase "the date on which it was certified" with "the date on which it obtained certification under the provisions of that paragraph".

⑩With regard to registration and license tax on registration of the matters listed in the items of Article 81 of the Former Act relating to approval under the provisions of Article 14, paragraph (1) of the Act on Temporary Measures for the Promotion of Specified Electronic Industries and Specified Machinery Industries (Act No. 17 of 1971) given on or before March 31, 1976, where that registration is received within one year from the date of that approval, the provisions of that Article are to govern, with the phrase "given during the period up to March 31, 1977" in that Article deemed to be replaced with "given during the period up to March 31, 1976".

⑪With regard to registration and license tax on registration of the matters listed in the items of Article 81 of the Former Act relating to the approval referred to in the preceding paragraph given during the period from April 1, 1976 to March 31, 1978 (limited to approval obtained by a corporation specified by Cabinet Order prescribed in Article 14, paragraph (2) of the Supplementary Provisions), where that registration is received within one year from the date of that approval, the provisions of that Article are to govern, with the phrase "(during the period from April 1, 1971 to March 31, 1977" in that Article deemed to be replaced with "(obtained by a corporation specified by Cabinet Order prescribed in Article 14, paragraph (2) of the Supplementary Provisions of the 1976 Amending Act, and during the period from April 1, 1976 to March 31, 1978".

⑫With regard to registration and license tax on registration received by the Electric Power Development Co., Ltd. for an increase in capital it carried out on or before March 31, 1976 and for the preservation, creation or transfer of rights prescribed in Article 82, item (ii) of the Former Act that it acquired on or before that date, the provisions of that Article remain in force. In this case, the phrase "that registration" in that Article is deemed to be replaced with "that registration (for registration of the matters listed in item (ii), limited to registration received, as provided by Order of the Ministry of Finance, within one year from the date of enforcement of the 1976 Amending Act)".

⑬With regard to registration and license tax on registration received by Japan Air Lines Co., Ltd., Nihon Aircraft Manufacturing Corporation, Tohoku Development Corporation, Japan Motor Terminal Co., Ltd. or the Okinawa Electric Power Company, Inc. for an increase in capital under Article 84 of the Former Act carried out on or before March 31, 1976, the provisions then in force continue to govern.

②With regard to the amount of gasoline tax and local road tax on gasoline that was shipped from a gasoline manufacturing site before July 1, 1976 and that is subject to a notification or approval under Article 14, paragraph (3) of the Gasoline Tax Act (including as applied mutatis mutandis pursuant to Article 15, paragraph (3) and Article 16-3, paragraph (3) of that Act and Article 90, paragraph (3) of the Act on Special Measures Concerning Taxation; the same applies hereinafter in this paragraph) (limited to gasoline for which the time limit pertaining to that notification or approval arrives on or after that date), in the case where the documents prescribed in Article 14, paragraph (3) of the Gasoline Tax Act have not been submitted by that time limit, the provisions of Article 89, paragraph (2) of the New Act apply.

③If, on July 1, 1976, there is a gasoline manufacturer or seller that possesses gasoline (excluding gasoline to which the provisions of Article 16, paragraph (1) or Article 16-2, paragraph (1) of the Gasoline Tax Act apply) at a place other than a gasoline manufacturing site or a bonded area (excluding a place within the area of Okinawa Prefecture), and the quantity of that gasoline (or, if it is possessed at two or more places, the total quantity) is 5 kiloliters or more, then with regard to that gasoline, that person, if not a gasoline manufacturer, is deemed to be a gasoline manufacturer and is deemed to have shipped that gasoline from its manufacturing site on that date, and gasoline tax of 7,300 yen and local road tax of 1,300 yen per kiloliter are imposed.

④In the case referred to in the preceding paragraph, the district director is to collect local road tax together with gasoline tax. In this case, the district director is to aggregate the amount of gasoline tax and the amount of local road tax on gasoline at the storage places of the same person located within the district under the district director's jurisdiction, and is to collect gasoline tax and local road tax of that aggregated amount in equal installments in each month from August to December 1976, with the last day of each month as the due date for payment.

⑤With regard to the gasoline tax and local road tax under the provisions of paragraph (3), the provisions of Article 7, paragraph (2), Article 9, paragraph (2), Article 10, paragraph (1), Article 12, paragraph (3) and Article 13, paragraph (1) of the Local Road Tax Act apply with the phrase "44/287" in those provisions deemed to be replaced with "13/86", and the phrase "243/287" with "73/86".

⑥The person prescribed in paragraph (3) must submit a return stating the storage places of gasoline falling under the provisions of that paragraph and, for each of those places, the quantity of that gasoline possessed and the tax basis quantity (meaning the quantity obtained by deducting, from that quantity possessed, the quantity deducted pursuant to the provisions of Article 8, paragraph (1) of the Gasoline Tax Act), to the district director with jurisdiction over the place where the storage places are located, within one month from July 1, 1976.

⑦In the cases listed in the following items, if the gasoline manufacturer listed in each of those items has obtained, as provided by Cabinet Order, the confirmation of the district director with jurisdiction over the location of the gasoline manufacturing site into which that gasoline was returned or brought that the amount of gasoline tax and the amount of local road tax under the provisions of paragraph (3) have been collected or are to be collected on that gasoline, that amount of gasoline tax and amount of local road tax is to be deducted from the amount of gasoline tax and the amount of local road tax payable by that person, or refunded to that person, together with the amount of gasoline tax and the amount of local road tax paid or to be paid by that gasoline manufacturer on that gasoline (in the case falling under item (ii), the amount of gasoline tax and the amount of local road tax paid or to be paid upon shipment from the other gasoline manufacturing site prescribed in that item, or paid or to be paid, or collected or to be collected, upon taking out of a bonded area), in accordance with the provisions of Article 17 of the Gasoline Tax Act and Article 9 of the Local Road Tax Act:

With regard to motor vehicle tonnage tax imposed, or that should have been imposed, before May 1, 1976, the provisions then in force continue to govern.

①The provisions of Article 6 of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation as amended by the provisions of the preceding Article (referred to as the "1975 Amendment Act as Amended" in the following paragraph) apply to income tax for 1976, and with regard to income tax for 1975, the provisions then in force continue to govern.

②The provisions of Article 14, paragraph (1) of the Supplementary Provisions of the 1975 Amendment Act as Amended apply to corporation tax on income for business years of corporations commencing on or after the Effective Date, and with regard to corporation tax on income for business years of corporations that commenced before the Effective Date, the provisions then in force continue to govern.