This Act comes into effect on April 1, 1994; provided, however, that the provisions listed in the following items come into effect on the dates specified in those items:

Unless otherwise provided for, 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 1994 and subsequent years, and with regard to income tax for 1993 and earlier years, the provisions then in force continue to govern.

The provisions of Article 9-5 of the New Act apply to the case where a stock company cancels shares using profits on or after the date on which this Act comes into effect (hereinafter referred to as the "Effective Date").

The provisions of Article 10-2 of the New Act apply to energy supply and demand structure reform promotion equipment prescribed in paragraph (1) of that Article that an individual acquires, manufactures or constructs on or after the Effective Date, and the provisions then in force continue to govern energy supply and demand structure reform promotion equipment prescribed in Article 10-2, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment (hereinafter referred to as the "Former Act") that an individual acquired, manufactured or constructed before the Effective Date.

The provisions of Article 10-4 of the New Act (limited to the part pertaining to paragraph (1), item (vi) of that Article) apply to business base strengthening equipment prescribed in that paragraph that an individual acquires or manufactures, or leases, on or after the Effective Date.

①The provisions then in force continue to govern depreciable assets listed in item (ii) of the table in Article 11, paragraph (1) of the Former Act for which an individual made an acquisition, etc. (meaning acquisition, manufacture or construction; the same applies hereinafter in this Article) before the Effective Date.

②The provisions then in force continue to govern fire extinguishing equipment for store buildings, etc. prescribed in Article 11-5, paragraph (1) of the Former Act for which an individual made an acquisition, etc. before the Effective Date.

③The provisions of Article 12, 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 the provisions then in force continue to govern industrial machinery, etc. prescribed in Article 12, paragraph (1) of the Former Act for which an individual made an acquisition, etc. before the Effective Date.

④The provisions of Article 12-2, 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 the provisions then in force continue to govern machinery and equipment prescribed in Article 12-2, paragraph (1) of the Former Act that an individual acquired or manufactured before the Effective Date.

⑤The provisions of Article 12-2, paragraph (2) of the New Act apply to medical equipment, etc. prescribed in that paragraph that an individual acquires or manufactures on or after the Effective Date, and the provisions then in force continue to govern medical equipment, etc. prescribed in Article 12-2, paragraph (2) of the Former Act that an individual acquired or manufactured before the Effective Date.

⑥The provisions of Article 13-3, paragraph (1), item (i) of the New Act (limited to the part pertaining to (b) through (d) of that item) apply to depreciable assets specified in that item that are held by an individual referred to in that item who receives, on or after the Effective Date, the certification prescribed in that item for a farm management improvement plan prescribed in that item.

⑦The provisions of Article 14, paragraph (1) of the New Act apply to specified rental housing prescribed in that paragraph that an individual acquires or newly constructs on or after the Effective Date, and the provisions then in force continue to govern rental housing prescribed in Article 14, paragraph (1) of the Former Act and superior rental apartment houses prescribed in paragraph (2) of that Article that an individual acquired or newly constructed before the Effective Date.

⑧The provisions of Article 14, paragraph (2) of the New Act (limited to the part pertaining to paragraph (3), item (vi) of that Article) apply to specified redevelopment buildings, etc. prescribed in paragraph (2) of that Article that an individual acquires or newly constructs on or after the date on which the Act on the Promotion of Construction of Specified Buildings Accessible to and Usable by Elderly Persons, Physically Disabled Persons, etc. comes into effect.

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

⑩With regard to grain silos specified in Article 15, paragraph (1), item (ii) of the Former Act (excluding those that fall under warehouse buildings, etc. prescribed in Article 15, paragraph (1) of the New Act) whose construction an individual listed in that item started before the Effective Date and which that individual acquires or constructs during the period from the Effective Date to June 30, 1995, the provisions of Article 15 of the Former Act remain in force. In this case, the phrase "March 31, 1994" in paragraph (1) of that Article is deemed to be replaced with "June 30, 1995", and the phrase "118 percent" with "114 percent".

⑪With regard to the application of the provisions of Articles 10 through 10-4, Article 13, Article 13-2, Article 28-3, Article 33-6 and Article 37-3 (including as applied mutatis mutandis pursuant to Article 37-5, paragraph (2) of the 1995 New Act) of the Act on Special Measures Concerning Taxation as amended by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 55 of 1995) (hereinafter referred to as the "1995 New Act") in the case where the provisions of the preceding paragraph apply, the phrase "or Article 16" in Article 10, paragraph (7), item (ii) of the 1995 New Act is deemed to be replaced with ", Article 16, or Article 15 of the Act on Special Measures Concerning Taxation prior to the amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 22 of 1994; hereinafter referred to as the "1994 Amendment Act"), which remains in force pursuant to the provisions of Article 6, paragraph (10) of the Supplementary Provisions of the 1994 Amendment Act (hereinafter referred to as "Article 15 of the Former Act")", the phrase "or Article 16" in Article 10-2, paragraphs (1) and (3), Article 10-3, paragraphs (1) and (3) and Article 10-4, paragraphs (1) and (3) of the 1995 New Act with ", Article 16 or Article 15 of the Former Act", the phrase "or Articles 14 through 16" in Article 13, paragraph (1) of the 1995 New Act with ", Articles 14 through 16 or Article 15 of the Former Act", the phrase "or the following Article through Article 16" in Article 13-2, paragraph (1) of the 1995 New Act with ", the following Article through Article 16 or Article 15 of the Former Act", and the phrase "and Articles 13-3 through 16" in Article 28-3, paragraph (11), Article 33-6, paragraph (2) and Article 37-3, paragraph (3) of the 1995 New Act with ", Articles 13-3 through 16 and Article 15 of the Former Act".

⑫The provisions then in force continue to govern depreciable assets prescribed in Article 17 of the Former Act for which an individual made an acquisition, etc. before the Effective Date.

⑬The provisions of Article 18, paragraph (1), item (x) of the New Act apply to contributions specified in that item that an individual pays on or after the Effective Date.

With regard to the application of the provisions of Article 21 of the New Act to income tax for 1994, the phrase "7 percent of that revenue (for revenue from the transactions listed in item (iii) of the following paragraph" in paragraph (1) of that Article is deemed to be replaced with "8 percent of that revenue within the period from January 1, 1994 to March 31 of that year (for revenue from the transactions listed in item (iii) of the following paragraph, 16 percent) and the amount equivalent to 7 percent of that revenue within the period from April 1 to December 31 of that year (for revenue from the transactions listed in that item", the phrase "the total of the amounts equivalent to" is deemed to be replaced with "the total of the amount equivalent to", and the phrase "35 percent" is deemed to be replaced with "40 percent".

With regard to payments under Article 28 of the Former Act made by an individual who is a member, etc. prescribed in Article 55-4, paragraph (1) of the Former Act of a specified association listed in item (i) of the table in that paragraph, in accordance with a small and medium sized enterprise structural improvement project plan referred to in that item for which that specified association received the approval referred to in that item before the Effective Date, the provisions then in force continue to govern.

①The provisions of Article 31-2 of the New Act apply to a transfer that falls under a transfer for a superior residential area, etc. prescribed in paragraph (1) of that Article or a transfer that falls under a transfer for a determined site for constructing a superior residential area, etc. prescribed in paragraph (3) of that Article made by an individual on or after January 1, 1994, and the provisions then in force continue to govern a transfer that falls under a transfer for a superior residential area, etc. prescribed in Article 31-2, paragraph (1) of the Former Act or a transfer that falls under a transfer for a determined site for constructing a superior residential area, etc. prescribed in paragraph (3) of that Article made by an individual before that date.

②The provisions of Article 34, paragraph (2), item (v) of the New Act apply to a transfer of land, etc. prescribed in paragraph (1) of that Article made by an individual on or after the Effective Date.

③The provisions of Article 34-2, paragraph (2), item (x) of the New Act apply to a transfer of land, etc. prescribed in paragraph (1) of that Article made by an individual on or after the Effective Date.

④The provisions of Article 36-6, paragraphs (1), (3), (4) and (9) of the New Act apply to a transfer of transferred assets prescribed in paragraph (1) of that Article made by an individual on or after January 1, 1994, and the provisions then in force continue to govern a transfer of transferred assets prescribed in Article 36-6, paragraph (1) of the Former Act made by an individual before that date.

⑤The provisions of Article 39, paragraph (1) of the New Act apply to the case where an individual transfers, on or after January 1, 1994, assets that the individual acquired on or after that date through inheritance or bequest prescribed in that paragraph, and the provisions then in force continue to govern the case where an individual transfers assets that the individual acquired before that date through inheritance or bequest prescribed in Article 39, paragraph (1) of the Former Act.

The provisions of Articles 41 and 41-2 of the New Act apply to the case where a resident has, on or after January 1, 1994, used a residential house or existing house prescribed in Article 41, paragraph (1) of the New Act, or a house that has undergone extension, reconstruction, etc. (limited to the part pertaining to that extension, reconstruction, etc.; the same applies hereinafter in this Article), as the resident's own dwelling as provided for in that paragraph, and the provisions then in force continue to govern the case where a resident has, before that date, used a residential house or existing house prescribed in Article 41, paragraph (1) of the Former Act, or a house that has undergone extension, reconstruction, etc., as the resident's own dwelling as provided for in that paragraph.

With regard to consideration for the lease of ships prescribed in Article 41-19 of the Former Act that a nonresident or foreign corporation prescribed in that Article is to receive before the Effective Date, the provisions then in force continue to govern.

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

The provisions of Article 42-5 of the New Act apply to energy supply and demand structure reform promotion equipment, etc. prescribed in paragraph (1) of that Article that a corporation acquires, manufactures or constructs on or after the Effective Date, and the provisions then in force continue to govern energy supply and demand structure reform promotion equipment, etc. prescribed in Article 42-5, paragraph (1) of the Former Act that a corporation acquired, manufactured or constructed before the Effective Date.

The provisions of Article 42-7 of the New Act (limited to the part pertaining to paragraph (1), item (vi) of that Article) apply to business base strengthening equipment prescribed in that paragraph that a corporation acquires or manufactures, or leases, on or after the Effective Date.

①The provisions then in force continue to govern depreciable assets listed in item (ii) of the table in Article 43, paragraph (1) of the Former Act for which a corporation made an acquisition, etc. (meaning acquisition, manufacture or construction; the same applies hereinafter in this Article) before the Effective Date.

②The provisions of Article 43-2, paragraph (1) of the New Act apply to specified facilities prescribed in that paragraph that a corporation acquires or constructs on or after the Effective Date, and the provisions then in force continue to govern specified facilities prescribed in Article 43-2, paragraph (1) of the Former Act that a corporation acquired or constructed before the Effective Date.

③The provisions of Article 43-3, paragraph (1) of the New Act apply to research facilities prescribed in that paragraph for which a corporation makes an acquisition, etc. on or after the Effective Date, and the provisions then in force continue to govern depreciable assets listed in the items of the table in Article 43-3, paragraph (1) of the Former Act for which a corporation made an acquisition, etc. before the Effective Date.

④The provisions of Article 43-4, paragraph (1) of the New Act (limited to the part pertaining to item (iii) of that paragraph) apply to specified core private facilities prescribed in that paragraph that a corporation acquires or constructs on or after the Effective Date.

⑤The provisions of Article 44-2, paragraph (1) of the New Act apply to high-technology industrial equipment prescribed in that paragraph for which a corporation makes an acquisition, etc. on or after the Effective Date, and the provisions then in force continue to govern high-technology industrial equipment prescribed in Article 44-2, paragraph (1) of the Former Act for which a corporation made an acquisition, etc. before the Effective Date.

⑥The provisions of Article 44-3, paragraph (1) of the New Act apply to specified business assets prescribed in that paragraph for which a corporation makes an acquisition, etc. on or after the Effective Date, and the provisions then in force continue to govern specified business assets prescribed in Article 44-3, paragraph (1) of the Former Act for which a corporation made an acquisition, etc. before the Effective Date.

⑦The provisions of Article 44-6, paragraph (1) of the New Act apply to specified telecommunications equipment prescribed in that paragraph for which a corporation makes an acquisition, etc. on or after the Effective Date, and the provisions then in force continue to govern specified telecommunications equipment prescribed in Article 44-6, paragraph (1) of the Former Act for which a corporation made an acquisition, etc. before the Effective Date.

⑧The provisions then in force continue to govern fire extinguishing equipment for store buildings, etc. prescribed in Article 44-7, paragraph (1) of the Former Act for which a corporation made an acquisition, etc. before the Effective Date.

⑨The 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 the provisions then in force continue to govern industrial machinery, etc. prescribed in Article 45, paragraph (1) of the Former Act for which a corporation made an acquisition, etc. before the Effective Date.

⑩The 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 the provisions then in force continue to govern machinery and equipment prescribed in Article 45-2, paragraph (1) of the Former Act that a corporation acquired or manufactured before the Effective Date.

⑪The provisions of Article 45-2, paragraph (2) of the New Act apply to medical equipment, etc. prescribed in that paragraph that a corporation acquires or manufactures on or after the Effective Date, and the provisions then in force continue to govern medical equipment, etc. prescribed in Article 45-2, paragraph (2) of the Former Act that a corporation acquired or manufactured before the Effective Date.

⑫The provisions of Article 46-4, paragraph (1), item (i) of the New Act (limited to the part pertaining to (b) through (d) of that item) apply to depreciable assets specified in that item that are held by an agricultural production corporation referred to in that item that receives, on or after the Effective Date, the certification prescribed in that item for a farm management improvement plan prescribed in that item.

⑬The provisions of Article 47, paragraph (1) of the New Act apply to specified rental housing prescribed in that paragraph that a corporation acquires or newly constructs on or after the Effective Date, and the provisions then in force continue to govern rental housing prescribed in Article 47, paragraph (1) of the Former Act and superior rental apartment houses prescribed in paragraph (2) of that Article that a corporation acquired or newly constructed before the Effective Date.

⑭The provisions of Article 47, paragraph (2) of the New Act (limited to the part pertaining to paragraph (3), item (vi) of that Article) apply to specified redevelopment buildings, etc. prescribed in paragraph (2) of that Article that a corporation acquires or newly constructs on or after the date on which the Act on the Promotion of Construction of Specified Buildings Accessible to and Usable by Elderly Persons, Physically Disabled Persons, etc. comes into effect.

⑮The provisions of Article 48, paragraph (1) of the New Act apply to warehouse buildings, etc. prescribed in that paragraph that a corporation acquires or constructs on or after the Effective Date, and the provisions then in force continue to govern warehouse buildings, etc. prescribed in Article 48, paragraph (1) of the Former Act that a corporation acquired or constructed before the Effective Date.

⑯With regard to grain silos specified in Article 48, paragraph (1), item (ii) of the Former Act (excluding those that fall under warehouse buildings, etc. prescribed in Article 48, paragraph (1) of the New Act) whose construction a corporation listed in that item started before the Effective Date and which that corporation acquires or constructs during the period from the Effective Date to June 30, 1995, the provisions of Article 48 of the Former Act remain in force. In this case, the phrase "March 31, 1994" in paragraph (1) of that Article is deemed to be replaced with "June 30, 1995", and the phrase "18 percent" with "14 percent".

⑰With regard to the application of the provisions of Articles 52-2 and 52-3 of the Act on Special Measures Concerning Taxation as amended by the provisions of Article 1 of the Act Partially Amending the Act on Special Measures Concerning Taxation and the Act on Temporary Special Provisions of Acts Related to National Tax, in Relation to Victims, etc. of Hanshin-Awaji Earthquake (Act No. 9 of 1999) (hereinafter referred to as the "1999 New Act") in the case where the provisions of the preceding paragraph apply, the phrase "or Articles 43 through 48" in Article 52-2, paragraph (1) of the 1999 New Act is deemed to be replaced with "or Articles 43 through 48, or Article 48 of the Act on Special Measures Concerning Taxation prior to the amendment by the 1994 Amendment Act, which remains in force pursuant to the provisions of Article 15, paragraph (16) of the Supplementary Provisions of the 1994 Amendment Act (hereinafter referred to as "Article 48 of the Former Act")", the phrase "or Articles 43 through 48" in paragraph (2) of that Article with "or Articles 43 through 48, or Article 48 of the Former Act", the phrase "or Articles 46-3 through 48" with "or Articles 46-3 through 48, or Article 48 of the Former Act", the phrase "or Articles 43 through 48" in paragraph (3) of that Article and Article 52-3, paragraph (1) of the 1999 New Act with "or Articles 43 through 48, or Article 48 of the Former Act", and the phrase "or Articles 46-3 through 48" in paragraph (3) of that Article with "or Articles 46-3 through 48, or Article 48 of the Former Act".

⑱With regard to joint-use facilities prescribed in Article 51, paragraph (1) of the Former Act that are specified in a business plan for which a specified association referred to in that paragraph received, before the Effective Date, the approval, etc. of the business plan referred to in Article 55-4, paragraph (1) of the Former Act, the provisions then in force continue to govern.

⑲The provisions of Article 52, paragraph (1), item (x) of the New Act apply to contributions specified in that item that a corporation pays on or after the Effective Date.

⑳The provisions then in force continue to govern depreciable assets prescribed in Article 52-4 of the Former Act for which a corporation made an acquisition, etc. before the Effective Date.

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

②In the case where a corporation acquired specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act before the Effective Date, if the corporation comes to fall under any of the cases listed in the items of Article 55, paragraph (4) of the New Act on or after the Effective Date, the case is governed by the provisions of that paragraph.

③With regard to payments under paragraph (7) of Article 55-4 of the Former Act made by a corporation that is a member, etc. prescribed in paragraph (1) of that Article of a specified association listed in item (i) of the table in that paragraph, in accordance with a small and medium sized enterprise structural improvement project plan referred to in that item for which that specified association received the approval referred to in that item before the Effective Date, or the reserve for structural improvement of small and medium sized enterprises set aside by that specified association, the provisions then in force continue to govern.

④The provisions of Article 56 of the New Act apply to corporation tax of a corporation for business years ending on or after the date on which the Act Partially Amending the Act on Special Measures concerning Promotion of Construction of Specified Urban Railways comes into effect, and the provisions then in force continue to govern corporation tax of a corporation for business years that ended before that date.

⑤With regard to the reserve for specified gas pipeline construction depreciation pertaining to specified supply facilities prescribed in Article 56-2, paragraph (1) of the Former Act that a corporation prescribed in that paragraph acquires or constructs in carrying out specified construction work prescribed in that paragraph that it started before the Effective Date, or specified construction work prescribed in Article 56-2, paragraph (1) of the Former Act that it starts during the period from the Effective Date to March 31, 1997 based on a gas supply plan prescribed in Article 25-2, paragraph (1) of the Gas Business Act (Act No. 51 of 1954) that it notified pursuant to the provisions of that paragraph before the Effective Date, the provisions of that Article remain in force. In this case, the phrase "16 percent" in that paragraph is deemed to be replaced with "10 percent (16 percent for those pertaining to specified construction work started before April 1, 1994)", and the phrase "Article 56-2, paragraph (3)" in paragraph (8) of that Article with "Article 56-2, paragraph (3) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1994 Amendment Act, which remains in force pursuant to the provisions of Article 16, paragraph (5) of the Supplementary Provisions of the 1994 Amendment Act".

⑥The provisions of Article 56-2 of the New Act apply to corporation tax of a corporation for business years ending on or after the Effective Date.

The provisions of Article 58, paragraph (1) of the New Act apply to corporation tax for business years of a corporation ending on or after the Effective Date, and with regard to corporation tax for business years of a corporation 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 paragraph in the case where a corporation has revenue from overseas transactions involving technology, etc. prescribed in that paragraph in a business year that began before the Effective Date and ends on or after the Effective Date, the phrase "7 percent of that revenue (for revenue from the transactions listed in item (iii) of the following paragraph" in that paragraph is deemed to be replaced with "8 percent of that revenue within the period from the first day of that business year to March 31, 1994 (for revenue from the transactions listed in item (iii) of the following paragraph, 16 percent) and the amount equivalent to 7 percent of that revenue within the period from April 1 of that year to the end of the business year (for revenue from the transactions listed in that item", the phrase "the total of the amounts equivalent to" is deemed to be replaced with "the total of the amount equivalent to", and the phrase "35 percent" is deemed to be replaced with "40 percent".

①The provisions of Article 62-3 of the New Act apply to corporation tax on a transfer, etc. of land prescribed in paragraph (1) of that Article made by a corporation on or after January 1, 1994, and the provisions then in force continue to govern corporation tax on a transfer, etc. of land prescribed in Article 62-3, paragraph (1) of the Former Act made by a corporation before that date.

②With regard to a transfer for a determined site for constructing a superior residential area, etc. prescribed in Article 62-3, paragraph (5) of the New Act pertaining to a transfer of land, etc. listed in paragraph (4), item (vii) of that Article or a transfer of land, etc. listed in item (x) of that paragraph (limited to one pertaining to the development of residential land where the area of the single block of residential land referred to in (a) of that item is less than 1,000 square meters) that a corporation made during the period from January 1, 1994 to March 31, 1994 and that pertains to a business year that ended on or before that date, even in the case where a corporation tax return prescribed in paragraph (10) of that Article has been filed without the documents prescribed in that paragraph attached, if the corporation submits those documents to the district director with jurisdiction over its place for tax payment by the day on which two months have elapsed from the Effective Date, the provisions of paragraph (5) of that Article may be applied, notwithstanding the provisions of paragraph (10) of that Article.

③The provisions of Article 65-3, paragraph (1), item (v) of the New Act apply to corporation tax on a transfer of land, etc. prescribed in that paragraph made by a corporation on or after the Effective Date.

④The provisions of Article 65-4, paragraph (1), item (x) of the New Act apply to corporation tax on a transfer of land, etc. prescribed in that paragraph made by a corporation on or after the Effective Date.

The provisions of Article 66-10, paragraph (1), item (x) of the New Act apply to fixed assets specified in that item that a corporation acquires or manufactures on or after the Effective Date.

The provisions of Article 66-13, paragraph (1) of the New Act apply to the special amount of loss prescribed in that paragraph of a corporation for business years beginning on or after the Effective Date, and the provisions then in force continue to govern the special amount of loss prescribed in Article 66-13, paragraph (1) of the Former Act of a corporation for business years that began before the Effective Date.

With regard to a claim for a refund of corporation tax under the provisions of Article 81, paragraph (1) of the Corporation Tax Act pertaining to the amount of loss prescribed in Article 2, item (xx) of that Act incurred in a business year that ended during the period from November 25, 1993 to the day before the Effective Date of a corporation that falls under a specified small and medium sized enterprise prescribed in Article 66-14 of the New Act, the corporation may, notwithstanding the provisions of that paragraph, make that claim for a refund by the day on which three months have elapsed from the Effective Date.

①The provisions of Article 69-3, paragraphs (1) through (3) of the New Act apply to inheritance tax on small-scale residential land, etc. prescribed in paragraph (1) of that Article acquired through inheritance or bequest (including a gift that takes effect upon the death of the donor; the same applies hereinafter in this paragraph) on or after January 1, 1994, and the provisions then in force continue to govern inheritance tax on small-scale residential land, etc. prescribed in Article 69-3, paragraph (1) of the Former Act acquired through inheritance or bequest before that date; provided, however, that if all persons who acquired that small-scale residential land, etc. through inheritance or bequest during the period from that date to the Effective Date choose to calculate, for that small-scale residential land, etc., the value to be included in the taxable value for inheritance tax prescribed in paragraph (1) or (2) of that Article pursuant to those provisions, the provisions of that Article may be applied.

②The provisions of Article 70-3 of the New Act apply to gift tax on property acquired through a gift (excluding a gift that takes effect upon the death of the donor; the same applies hereinafter in this paragraph) on or after January 1, 1994, and the provisions then in force continue to govern gift tax on property acquired through a gift before that date.

The provisions of Chapter IV-2 of the New Act apply to land value tax on land, etc. held by an individual or corporation on the taxation date of each year from 1994 onward, and the provisions then in force continue to govern land value tax on land, etc. held by an individual or corporation on the taxation date of each year up to 1993.

①The provisions of Article 76, paragraph (1) of the New Act apply to registration and license tax on the registration of transfer of ownership of land sold by the State as prescribed in that paragraph on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on the registration of transfer of ownership of land sold by the State as prescribed in Article 76, paragraph (1) of the Former Act before the Effective Date.

②The provisions of Article 77-2, paragraph (2) of the New Act apply to registration and license tax on the registration of the creation of a superficies right in the case where a forest development corporation prescribed in that paragraph has a superficies right created for it on or after the Effective Date over land pertaining to a shared-profit forest cultivation contract prescribed in that paragraph, and the provisions then in force continue to govern registration and license tax on the registration of the creation of a superficies right in the case where a forest development corporation prescribed in Article 77-2, paragraph (2) of the Former Act had a superficies right created for it before the Effective Date over land pertaining to a shared-profit forest cultivation contract prescribed in that paragraph.

③The provisions of Article 77-5 of the New Act apply to registration and license tax on the registration of preservation of ownership of land prescribed in that Article that an individual receives on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on the registration of preservation of ownership of land prescribed in Article 77-5 of the Former Act that an individual received before the Effective Date.

⑤The provisions of Article 79 of the New Act apply to registration and license tax on the registration of preservation of ownership of, or the registration of the creation of a mortgage on, an ocean-going ship prescribed in paragraph (1) of that Article that is newly built on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on those registrations for an ocean-going ship prescribed in Article 79, paragraph (1) of the Former Act that was newly built before the Effective Date.

⑥The provisions of Article 81, item (iii) of the New Act apply to registration and license tax on the registration of the matters listed in that item that pertain to a recommendation or instruction, or a certification or approval, prescribed in that Article that is given on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on the registration of the matters listed in Article 81, item (iii) of the Former Act that pertain to a recommendation or instruction, or a certification or approval, prescribed in that Article that was given before the Effective Date.

⑦The provisions of Article 82-2 of the New Act apply to registration and license tax on the registration of preservation of ownership of land prescribed in that Article that a corporation prescribed in that Article acquires on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on the registration of preservation of ownership of land prescribed in Article 82-2 of the Former Act that a corporation prescribed in that Article acquired before the Effective Date.

⑧The provisions of Article 83, paragraph (1) of the New Act apply to registration and license tax on the registration of transfer of ownership of land to be used for specified private urban development projects, etc. prescribed in that paragraph, carried out on or after the Effective Date with a loan of funds prescribed in that paragraph, and the provisions then in force continue to govern registration and license tax on the registration of transfer of ownership of land to be used for specified private urban development projects, etc. prescribed in Article 83, paragraph (1) of the Former Act, carried out before the Effective Date with a loan of funds prescribed in that paragraph.

⑨If a registration of real property prescribed in Article 84-3 of the New Act is one obtained during the period from April 1, 1994 through March 31, 1996, the provisions of that Article apply with the phrase "50 percent" in that Article deemed to be replaced with "40 percent".

The provisions of Article 12, paragraph (5) 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, apply to corporation tax for business years of a corporation ending on or after the Effective Date, and the provisions then in force continue to govern corporation tax for business years of a corporation that ended before the Effective Date.

The provisions of Article 10, paragraph (17) 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, apply to corporation tax for business years of a corporation ending on or after the Effective Date, and the provisions then in force continue to govern corporation tax for business years of a corporation that ended before the Effective Date.

The provisions of Article 19 and Article 20, paragraphs (2) and (3) 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, apply to corporation tax for business years of a corporation ending on or after the Effective Date, and the provisions then in force continue to govern corporation tax for business years of a corporation that ended before the Effective Date.