This Act comes into effect on April 1, 2004; provided, however, that the provisions set forth in the following items come into effect on the dates specified respectively in those items:

Unless otherwise provided, the provisions of Chapter II of the Act on Special Measures Concerning Taxation as amended by the provisions of Article 7 (hereinafter referred to as the "New Act on Special Measures Concerning Taxation" up to Article 57 of the Supplementary Provisions) apply to income tax for 2004 and subsequent years, and the provisions then in force continue to govern income tax for 2003 and prior years.

The provisions of Article 4-2, paragraph (9) and Article 4-3, paragraph (10) of the New Act on Special Measures Concerning Taxation apply where the facts prescribed in those provisions arise on or after the Effective Date, and the provisions then in force continue to govern where the facts prescribed in Article 4-2, paragraph (9) or Article 4-3, paragraph (10) of the Act on Special Measures Concerning Taxation prior to the amendment by the provisions of Article 7 (hereinafter referred to as the "Former Act on Special Measures Concerning Taxation" up to Article 57 of the Supplementary Provisions) arose before the Effective Date.

The provisions of Article 9-5 of the New Act on Special Measures Concerning Taxation apply to the termination or partial cancellation of a publicly offered securities investment trust for shares and similar interests prescribed in paragraph (1) of that Article pertaining to its beneficiary certificates that a securities company, etc. prescribed in that paragraph purchases on or after the Effective Date.

The provisions of Article 9-7 of the New Act on Special Measures Concerning Taxation apply where an individual transfers, on or after the Effective Date, shares prescribed in paragraph (1) of that Article that the individual acquires on or after the Effective Date by inheritance or bequest prescribed in that paragraph.

The provisions then in force continue to govern depreciable assets listed in Article 10-2, paragraph (1), item (iv) of the Former Act on Special Measures Concerning Taxation that an individual acquired, or manufactured or constructed, before the Effective Date.

The provisions of Article 10-4 of the New Act on Special Measures Concerning Taxation apply to business base strengthening equipment prescribed in paragraph (1) of that Article that an individual acquires or manufactures, or leases, on or after the Effective Date, and the provisions then in force continue to govern business base strengthening equipment prescribed in Article 10-4, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual acquired or manufactured, or leased, before the Effective Date.

①The provisions of Article 11 of the New Act on Special Measures Concerning Taxation apply to specified equipment, etc. prescribed in Article 11, paragraph (1) of the New Act on Special Measures Concerning Taxation for which an individual makes an acquisition, etc. (meaning an acquisition, or manufacture or construction; the same applies hereinafter in this Article) on or after November 1, 2004, and the provisions then in force continue to govern specified equipment, etc. prescribed in Article 11, paragraph (1) of the Former Act on Special Measures Concerning Taxation for which an individual made an acquisition, etc. before that date.

②With regard to specified leisure facilities prescribed in Article 11-5, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual acquires or constructs within the priority development district referred to in that paragraph that is specified in a basic plan referred to in that paragraph for which the approval prescribed in that paragraph was obtained before the Effective Date, the provisions of that Article remain in force.

③The provisions of Article 11-9 of the New Act on Special Measures Concerning Taxation apply to recycling equipment, etc. prescribed in paragraph (1) of that Article for which an individual makes an acquisition, etc. on or after the Effective Date, and the provisions then in force continue to govern recycling equipment, etc. prescribed in Article 11-9, paragraph (1) of the Former Act on Special Measures Concerning Taxation for which an individual made an acquisition, etc. before the Effective Date.

④The provisions then in force continue to govern import-related business assets prescribed in Article 11-10, paragraph (1) of the Former Act on Special Measures Concerning Taxation for which an individual made an acquisition, etc. before the Effective Date.

⑤With regard to industrial machinery, etc. prescribed in Article 12, paragraph (1) of the Former Act on Special Measures Concerning Taxation for which an individual makes an acquisition, etc., within an industry introduction district specified in an implementation plan prescribed in item (i) of the table in that paragraph (limited to one established by December 31, 2004), during the period from the day on which that implementation plan was established to December 31, 2009, the provisions of that Article (limited to the part pertaining to that item) remain in force.

⑥The provisions of Article 12 of the New Act on Special Measures Concerning Taxation (limited to the part pertaining to item (iii) of the table in paragraph (1) of that Article) apply to industrial machinery, etc. prescribed in that paragraph for which an individual makes an acquisition, etc. on or after the Effective Date.

⑦With regard to depreciable assets specified in Article 13-3, paragraph (1), item (iii) of the Former Act on Special Measures Concerning Taxation held by an individual referred to in that item who received the certification prescribed in that item before the Effective Date, the provisions of that Article (limited to the part pertaining to that item) remain in force.

⑧The provisions of Article 14, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to specified good-quality rental housing prescribed in that paragraph that an individual acquires or newly builds on or after the Effective Date.

⑨With regard to good-quality rental housing prescribed in Article 14, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual acquired or newly built before the Effective Date, the provisions of that Article (limited to the part pertaining to that paragraph) remain in force.

⑩The provisions of Article 14-2, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to specified redevelopment buildings, etc. prescribed in that paragraph that an individual acquires or newly builds on or after the date specified in Article 1, item (vi) of the Supplementary Provisions.

⑪With regard to specified redevelopment buildings, etc. prescribed in Article 14-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual acquired or newly built before the date specified in Article 1, item (vi) of the Supplementary Provisions, the provisions of that Article remain in force.

⑫The provisions of Article 15 of the New Act on Special Measures Concerning Taxation apply to warehouse buildings, etc. prescribed in paragraph (1) of that Article that an individual acquires or constructs on or after the Effective Date.

⑬With regard to warehouse buildings, etc. prescribed in Article 15, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual acquired or constructed before the Effective Date, the provisions of that Article remain in force.

⑭The provisions of Article 18 of the New Act on Special Measures Concerning Taxation apply to contributions specified in paragraph (1), item (ii) of that Article that an individual pays on or after the Effective Date, and the provisions then in force continue to govern contributions specified in Article 18, paragraph (1), item (ii) of the Former Act on Special Measures Concerning Taxation that an individual paid before the Effective Date.

The provisions of Article 25-2, paragraph (3) of the New Act on Special Measures Concerning Taxation apply to income tax for 2005 and subsequent years, and the provisions then in force continue to govern income tax for 2004 and prior years.

①The provisions of Article 31 of the New Act on Special Measures Concerning Taxation apply to a transfer of land, etc. or buildings, etc. prescribed in paragraph (1) of that Article that an individual makes on or after January 1, 2004, and the provisions then in force continue to govern a transfer of land, etc. or buildings, etc. prescribed in Article 31, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual made before that date.

②With regard to the application of the provisions of Article 31 of the New Act on Special Measures Concerning Taxation (including where applied pursuant to the provisions of Article 31-2 or Article 31-3 of the New Act on Special Measures Concerning Taxation) to income tax for 2004 of a person who died before the Effective Date, a person who, before the Effective Date, filed a return under the provisions of Article 127 of the Income Tax Act (including as applied mutatis mutandis pursuant to Article 166 of that Act) for income tax for 2004, and a person who, before the Effective Date, received a determination under the provisions of Article 25 of the Act on General Rules for National Taxes for income tax for that year, the phrase "if there is an amount of losses arising in the calculation of the amount of short-term capital gains prescribed in Article 32, paragraph (1), the amount remaining after deducting that amount of losses up to the calculated amount, notwithstanding the provisions of the second sentence of that paragraph" in Article 31, paragraph (1) of the New Act on Special Measures Concerning Taxation is deemed to be replaced with "if the provisions of Articles 69 through 71 of that Act as replaced by the provisions of paragraph (3), item (ii) apply, the amount after that application", and the phrase "is imposed. In this case, if there is an amount of losses arising in the calculation of the amount of long-term capital gains, that amount of losses is deemed not to have arisen for the purpose of applying the provisions of that Act and other laws and regulations concerning income tax" is deemed to be replaced with "is imposed"; in paragraph (3), item (ii) of that Article, the phrase "with regard to the application of the provisions of Article 69, the phrase 'the amount of capital gains' in paragraph (1) of that Article is deemed to be replaced with 'the amount of capital gains (meaning the amount calculated as if there were no capital gains from a transfer prescribed in Article 31, paragraph (1) (Special Provisions on Taxation on Long-Term Capital Gains) of the Act on Special Measures Concerning Taxation)', and the phrase 'the amount of each type of income' is deemed to be replaced with 'the amount of each type of income (excluding the amount of long-term capital gains)'" is deemed to be replaced with "with regard to the application of the provisions of Articles 69 through 71, the phrase 'the amount of gross income' in those provisions is deemed to be replaced with 'the amount of gross income, the amount of long-term capital gains'"; and in item (iii) of that paragraph, the phrase "Article 71" is deemed to be replaced with "Article 72".

③The provisions then in force continue to govern the deduction, under the provisions of Article 31, paragraph (1) of the Former Act on Special Measures Concerning Taxation, of the special capital gain deduction for long-term capital gains prescribed in paragraph (4) of that Article with regard to a person who died before the Effective Date, a person who, before the Effective Date, filed a return under the provisions of Article 127 of the Income Tax Act (including as applied mutatis mutandis pursuant to Article 166 of that Act) for income tax for 2004, and a person who, before the Effective Date, received a determination under the provisions of Article 25 of the Act on General Rules for National Taxes for income tax for that year.

④The provisions of Article 31-2 of the New Act on Special Measures Concerning Taxation (excluding the part pertaining to paragraph (2), item (v)) apply to a transfer falling under a transfer for a superior residential area, etc. prescribed in paragraph (1) of that Article or a transfer falling under a transfer for a determined site for constructing a superior residential area, etc. prescribed in paragraph (3) of that Article that an individual makes on or after January 1, 2004, and the provisions then in force continue to govern a transfer falling under a transfer for a superior residential area, etc. prescribed in Article 31-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation or a transfer falling under a transfer for a determined site for constructing a superior residential area, etc. prescribed in paragraph (3) of that Article that an individual made before that date.

⑤The provisions of Article 31-2, paragraph (2), item (v) of the New Act on Special Measures Concerning Taxation apply to a transfer falling under a transfer for a superior residential area, etc. prescribed in paragraph (1) of that Article that an individual makes on or after the Effective Date.

⑥The provisions of Article 32 of the New Act on Special Measures Concerning Taxation apply to a transfer of land, etc. or buildings, etc. prescribed in paragraph (1) of that Article that an individual makes on or after January 1, 2004, and the provisions then in force continue to govern a transfer of land, etc. or buildings, etc. prescribed in Article 32, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual made before that date.

⑦With regard to the application of the provisions of Article 32 of the New Act on Special Measures Concerning Taxation to income tax for 2004 of a person who died before the Effective Date, a person who, before the Effective Date, filed a return under the provisions of Article 127 of the Income Tax Act (including as applied mutatis mutandis pursuant to Article 166 of that Act) for income tax for 2004, and a person who, before the Effective Date, received a determination under the provisions of Article 25 of the Act on General Rules for National Taxes for income tax for that year, in paragraph (1) of that Article, the phrase "if there is an amount of losses arising in the calculation of the amount of long-term capital gains prescribed in Article 31, paragraph (1), the amount remaining after deducting that amount of losses up to the calculated amount, notwithstanding the provisions of the second sentence of that paragraph" is deemed to be replaced with "if the provisions of Articles 69 through 71 of that Act as replaced by the provisions of Article 31, paragraph (3), item (ii) as applied mutatis mutandis pursuant to paragraph (4) apply, the amount after that application", and the phrase "is imposed. In this case, if there is an amount of losses arising in the calculation of the amount of short-term capital gains, that amount of losses is deemed not to have arisen for the purpose of applying the provisions of that Act and other laws and regulations concerning income tax" is deemed to be replaced with "is imposed"; and in paragraph (4) of that Article, the phrase "in item (ii) of that paragraph, the phrase 'capital gains from a transfer prescribed in Article 31, paragraph (1) (Special Provisions on Taxation on Long-Term Capital Gains)' is deemed to be replaced with 'capital gains from a transfer prescribed in Article 32, paragraph (1) (Special Provisions on Taxation on Short-Term Capital Gains) or income from a transfer prescribed in paragraph (2) of that Article', the phrase 'the amount of long-term capital gains' is deemed to be replaced with 'the amount of short-term capital gains', and in item (iii) of that paragraph" is deemed to be replaced with "in item (ii) of that paragraph, the phrase 'with regard to the application of the provisions of Article 69, the phrase "the amount of capital gains" in paragraph (1) of that Article is deemed to be replaced with "the amount of capital gains (meaning the amount calculated as if there were no capital gains from a transfer prescribed in Article 31, paragraph (1) (Special Provisions on Taxation on Long-Term Capital Gains) of the Act on Special Measures Concerning Taxation)", and the phrase "the amount of each type of income" is deemed to be replaced with "the amount of each type of income (excluding the amount of long-term capital gains)"' is deemed to be replaced with 'with regard to the application of the provisions of Articles 69 through 71, the phrase "the amount of gross income" in those provisions is deemed to be replaced with "the amount of gross income, the amount of short-term capital gains"', and in item (iii) of that paragraph, the phrase 'Article 71' is deemed to be replaced with 'Article 72',".

⑧The provisions of Article 33 (limited to the part pertaining to paragraph (1), items (iii)-3, (iii)-4 and (vi)-2), Article 33-3 and Article 33-4 of the New Act on Special Measures Concerning Taxation apply to a transfer of assets falling under those provisions that an individual makes on or after the Effective Date (including an act deemed to be a transfer by expropriation, etc. under the provisions of Article 33, paragraph (3) of the New Act on Special Measures Concerning Taxation and any other act included in a transfer under those provisions), and the provisions then in force continue to govern a transfer of assets falling under the provisions of Article 33 (limited to the part pertaining to paragraph (1), item (iii)-3), Article 33-3 and Article 33-4 of the Former Act on Special Measures Concerning Taxation that an individual made before the Effective Date (including an act deemed to be a transfer by expropriation, etc. under the provisions of Article 33, paragraph (3) of the Former Act on Special Measures Concerning Taxation and any other act included in a transfer under those provisions).

⑨The provisions then in force continue to govern a transfer of assets falling under the provisions of Article 33 (limited to the part pertaining to paragraph (1), item (v)) and Article 33-2 (limited to the part pertaining to paragraph (1), item (iii)) of the Former Act on Special Measures Concerning Taxation that an individual made before the Effective Date.

⑩The provisions of Article 34, paragraph (2), items (i), (ii)-2 and (iii) of the New Act on Special Measures Concerning Taxation apply to a transfer of land, etc. prescribed in paragraph (1) of that Article that an individual makes on or after the Effective Date, and the provisions then in force continue to govern a transfer of land, etc. prescribed in Article 34, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual made before the Effective Date.

⑪The provisions of Article 34-2, paragraph (2), item (viii) of the New Act on Special Measures Concerning Taxation apply to a transfer of land, etc. prescribed in paragraph (1) of that Article that an individual makes on or after the Effective Date, and the provisions then in force continue to govern a transfer of land, etc. prescribed in Article 34-2, paragraph (2), item (viii) of the Former Act on Special Measures Concerning Taxation that an individual made before the Effective Date.

⑫The provisions then in force continue to govern the case where land, etc. prescribed in Article 34-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation held by an individual was purchased by the Japan Environment Corporation before the Effective Date for use in a project referred to in paragraph (2), item (xii) of that Article carried out by the Japan Environment Corporation.

⑬The provisions then in force continue to govern a transfer of land, etc. prescribed in Article 34-2, paragraph (2), item (xix) of the Former Act on Special Measures Concerning Taxation that an individual made before the Effective Date.

⑭The provisions of Article 37 of the New Act on Special Measures Concerning Taxation (limited to the part pertaining to item (xviii) of the table in paragraph (1) of that Article) apply to a transfer of assets listed in the left-hand column of that item that an individual makes on or after the Effective Date, and the provisions then in force continue to govern a transfer of assets listed in the left-hand column of item (xviii) of the table in Article 37, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual made before the Effective Date.

The provisions of Article 37-11, Articles 37-11-3 through 37-11-5 (excluding the part pertaining to Article 37-11-3, paragraph (3), item (i)) and Article 37-12-2 of the New Act on Special Measures Concerning Taxation apply to a transfer of listed shares, etc. prescribed in Article 37-11, paragraph (1) of the New Act on Special Measures Concerning Taxation that an individual makes on or after January 1, 2004, and the provisions then in force continue to govern a transfer of listed shares, etc. prescribed in Article 37-11, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual made before that date. In this case, with regard to the application of the provisions of Articles 37-11-3 through 37-11-5 of the New Act on Special Measures Concerning Taxation to listed shares, etc. prescribed in Article 37-11, paragraph (1) of the New Act on Special Measures Concerning Taxation during the period from that date to March 31, 2004, the phrase "listed shares, etc. (" in Article 37-11-3, paragraph (1) of the New Act on Special Measures Concerning Taxation is deemed to be replaced with "listed shares, etc. (excluding beneficiary certificates of securities investment trusts for shares and similar interests and investment units of specified investment corporations prescribed in Article 37-11, paragraph (1) (excluding shares, etc. listed on a securities exchange prescribed in that paragraph and other similar ones specified by Cabinet Order);".

①The provisions of Articles 37-11-3 and 37-11-4 of the New Act on Special Measures Concerning Taxation (limited to the part of those provisions pertaining to Article 37-11-3, paragraph (3), item (i) of the New Act on Special Measures Concerning Taxation) apply to a transfer of listed shares, etc. held in a specified account prescribed in Article 37-11-3, paragraph (1) of the New Act on Special Measures Concerning Taxation that an individual makes on or after the Effective Date, and the provisions then in force continue to govern a transfer of listed shares, etc. held in a specified account prescribed in Article 37-11-3, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual made before the Effective Date.

②With regard to the application of the provisions of Articles 37-11-3 through 37-11-5 of the New Act on Special Measures Concerning Taxation during the period from the Effective Date to September 30, 2004, the phrase "listed shares, etc. (" in Article 37-11-3, paragraph (1) of the New Act on Special Measures Concerning Taxation is deemed to be replaced with "listed shares, etc. (excluding beneficiary certificates of securities investment trusts for shares and similar interests and investment units of specified investment corporations prescribed in Article 37-11, paragraph (1) (excluding those issued outside Japan and shares, etc. listed on a securities exchange prescribed in that paragraph and other similar ones specified by Cabinet Order);".

①The provisions of Articles 37-13 and 37-13-2 of the New Act on Special Measures Concerning Taxation apply to specified shares prescribed in Article 37-13, paragraph (1) of the New Act on Special Measures Concerning Taxation that an individual acquires through payment on or after the Effective Date, and the provisions then in force continue to govern specified shares prescribed in Article 37-13, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual acquired through payment before the Effective Date.

②The provisions of Article 37-13-3 of the New Act on Special Measures Concerning Taxation apply to a transfer of specified shares of a specified small and medium-sized company prescribed in paragraph (1) of that Article (for those specified in Article 37-13, paragraph (1), items (ii) and (iii) of the New Act on Special Measures Concerning Taxation, limited to those acquired through payment on or after the Effective Date) that an individual makes on or after the Effective Date, and the provisions then in force continue to govern a transfer of specified shares of a specified small and medium-sized company prescribed in Article 37-13-3, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual made before the Effective Date.

With regard to the application of the provisions of Articles 41 through 41-2-2 of the New Act on Special Measures Concerning Taxation in the case where a resident has amounts of housing loans, etc. pertaining to housing acquisition, etc. relating to two or more years of residence prescribed in Article 41-2, paragraph (1) of the New Act on Special Measures Concerning Taxation, those provisions apply to the amount of the special tax credit for housing loans, etc. referred to in that paragraph for each year where the applicable year prescribed in Article 41-2, paragraph (1) of the New Act on Special Measures Concerning Taxation for which the resident seeks that application is 2004 or a subsequent year, and the provisions then in force continue to govern the amount of the special tax credit for housing loans, etc. referred to in Article 41, paragraph (3) of the Former Act on Special Measures Concerning Taxation for each year where the applicable year prescribed in that paragraph is 2003 or a prior year, in the case where the resident has amounts of housing loans, etc. pertaining to housing acquisition, etc. relating to two or more years of residence prescribed in that paragraph.

The provisions of Article 41-5 of the New Act on Special Measures Concerning Taxation apply to a transfer of a house, or land or a right existing on land, prescribed in paragraph (7), item (i) of that Article that falls under the transferred assets prescribed in that item, which an individual makes on or after January 1, 2004, and the provisions then in force continue to govern a transfer of a house, or land or a right existing on land, prescribed in Article 41-5, paragraph (3), item (i) of the Former Act on Special Measures Concerning Taxation that falls under the transferred assets prescribed in that item, which an individual made before that date.

①The provisions of Article 41-12, paragraph (9), item (ix) of the New Act on Special Measures Concerning Taxation apply to specified short-term public and corporate bonds prescribed in that paragraph that are issued on or after the Effective Date, and the provisions then in force continue to govern specified short-term public and corporate bonds prescribed in Article 41-12, paragraph (9) of the Former Act on Special Measures Concerning Taxation that were issued before the Effective Date.

②The provisions of Article 41-12, paragraph (12) of the New Act on Special Measures Concerning Taxation apply where entries or records under the book-entry transfer system, etc. prescribed in that paragraph are received on or after April 1, 2006 for specified book-entry government bonds, etc. prescribed in that paragraph through the business office or similar place of a specified book-entry transfer institution, etc. prescribed in that paragraph or the overseas business office or similar place of a foreign intermediary, and the provisions then in force continue to govern cases where entries or records under the book-entry transfer system, etc. prescribed in Article 41-12, paragraph (12) of the Former Act on Special Measures Concerning Taxation were received before that date for specified book-entry government bonds, etc. prescribed in that paragraph through the business office or similar place of a specified book-entry transfer institution, etc. prescribed in that paragraph or the overseas business office or similar place of a foreign intermediary.

③The provisions of Article 41-12, paragraphs (15) and (16) of the New Act on Special Measures Concerning Taxation apply to specified book-entry government bonds, etc. prescribed in paragraph (16) of that Article for which entries or records under the book-entry transfer system, etc. prescribed in that paragraph are received on or after the Effective Date.

④The provisions of Article 41-12, paragraph (21) of the New Act on Special Measures Concerning Taxation apply to payments of consideration for the transfer of specified book-entry government bonds, etc. prescribed in that paragraph that are made on or after the Effective Date by a person listed in any of the items of that paragraph who makes such payments, and the provisions then in force continue to govern payments of consideration for the transfer of specified book-entry government bonds, etc. prescribed in Article 41-12, paragraph (19) of the Former Act on Special Measures Concerning Taxation that were made before the Effective Date by a corporation that makes such payments.

The provisions of Article 203-3 of the Income Tax Act as replaced by the provisions of Article 41-15-2, paragraph (2), item (i) of the New Act on Special Measures Concerning Taxation apply to public pensions, etc. prescribed in Article 203-2 of that Act that are to be paid on or after January 1, 2005, and the provisions then in force continue to govern such public pensions, etc. that are to be paid before that date.

①The provisions then in force continue to govern domestic source income prescribed in Article 42-2-2 of the Former Act on Special Measures Concerning Taxation that a foreign corporation prescribed in that Article is to receive before July 1, 2004.

②Notwithstanding the provisions of the preceding paragraph, if a foreign corporation prescribed in Article 42-2-2 of the Former Act on Special Measures Concerning Taxation has, before July 1, 2004, presented a certificate prescribed in Article 180, paragraph (1) of the Income Tax Act as replaced by the provisions of that Article to a person paying the domestic source income prescribed in that Article, as provided in that paragraph as replaced by the provisions of Article 42-2-2 of the Former Act on Special Measures Concerning Taxation, the provisions of Article 180 of the Income Tax Act apply to that domestic source income that the foreign corporation is to receive on or after that date while that certificate remains in effect, deeming that the foreign corporation has presented that certificate to the person making that payment as provided in that paragraph.

With regard to the application of the provisions of Article 6 of the Act on Measures to Reduce the Burden of Income Tax and Corporation Tax to Be Taken Promptly in Response to Changes in the Economy and Society, etc. in the case where the provisions of Article 23, Article 24 or Articles 27 through 31 of the Supplementary Provisions apply, the phrase "provisions, and" in Article 2, item (iii) of that Act is deemed to be replaced with "provisions, the provisions of Articles 23, 24 and 27 through 31 of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 14 of 2004), and".

Unless otherwise provided for, the provisions of Chapter III of the New Act on Special Measures Concerning Taxation apply to corporation tax for business years of corporations beginning on or after the Effective Date and to corporation tax for consolidated business years of consolidated parent corporations, or of consolidated subsidiary corporations having a consolidated full controlling interest with those consolidated parent corporations, beginning on or after the Effective Date, and the provisions then in force continue to govern corporation tax for business years of corporations that began before the Effective Date and corporation tax for consolidated business years of consolidated parent corporations, or of consolidated subsidiary corporations having a consolidated full controlling interest with those consolidated parent corporations, that began before the Effective Date.

The provisions then in force continue to govern depreciable assets listed in Article 42-5, paragraph (1), item (iv) of the Former Act on Special Measures Concerning Taxation that a corporation acquired, manufactured or constructed before the Effective Date.

The provisions of Article 42-7 of the New Act on Special Measures Concerning Taxation apply to business base strengthening equipment prescribed in paragraph (1) of that Article that a corporation acquires, manufactures or leases on or after the Effective Date, and the provisions then in force continue to govern business base strengthening equipment prescribed in Article 42-7, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation acquired, manufactured or leased before the Effective Date.

①The provisions of Article 43, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (i) of the table in that paragraph) apply to depreciable assets listed in the middle column of that item that a corporation makes an acquisition, etc. (meaning acquisition, manufacture or construction; the same applies hereinafter in this Article) of on or after November 1, 2004, and the provisions then in force continue to govern depreciable assets listed in the middle column of item (i) of the table in Article 43, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation made an acquisition, etc. of before that date.

②The provisions of Article 43, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (iv) of the table in that paragraph) apply to depreciable assets listed in the middle column of that item that a corporation makes an acquisition, etc. of on or after the Effective Date, and the provisions then in force continue to govern depreciable assets listed in the middle column of item (iv) of the table in Article 43, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation made an acquisition, etc. of before the Effective Date.

③The provisions of Article 43-3, paragraph (2) of the New Act on Special Measures Concerning Taxation apply to conservation project assets, etc. prescribed in that paragraph that a corporation makes an acquisition, etc. of on or after the Effective Date, and the provisions then in force continue to govern conservation project assets, etc. prescribed in Article 43-3, paragraph (2) of the Former Act on Special Measures Concerning Taxation that a corporation made an acquisition, etc. of before the Effective Date.

④With regard to specified leisure facilities prescribed in Article 44-5, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation acquires or constructs within the area of a priority development district referred to in that paragraph that is specified in a basic plan referred to in that paragraph for which the approval prescribed in that paragraph was obtained before the Effective Date, the provisions of that Article remain in force.

⑤The provisions then in force continue to govern depreciable assets listed in the middle column of items (vi) through (ix) of the table in Article 44-7, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation made an acquisition, etc. of before the Effective Date.

⑥The provisions of Article 44-9 of the New Act on Special Measures Concerning Taxation apply to recycling equipment, etc. prescribed in paragraph (1) of that Article that a corporation makes an acquisition, etc. of on or after the Effective Date, and the provisions then in force continue to govern recycling equipment, etc. prescribed in Article 44-9, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation made an acquisition, etc. of before the Effective Date.

⑦The provisions then in force continue to govern import-related business assets prescribed in Article 44-10, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation made an acquisition, etc. of before the Effective Date.

⑧With regard to industrial machinery, etc. prescribed in Article 45, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation makes an acquisition, etc. of within a district for the introduction of industry, etc. specified in an implementation plan prescribed in item (i) of the table in that paragraph (limited to one specified by December 31, 2004), during the period from the date on which that implementation plan was specified to December 31, 2009, the provisions of that Article (limited to the part concerning that item) remain in force.

⑨The provisions of Article 45 of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (iii) of the table in paragraph (1)) apply to industrial machinery, etc. prescribed in that paragraph that a corporation makes an acquisition, etc. of on or after the Effective Date.

⑩With regard to depreciable assets specified in Article 46-3, paragraph (1), item (ii) of the Former Act on Special Measures Concerning Taxation held by a corporation referred to in that item that received the certification prescribed in that item before the Effective Date, the provisions of that Article (limited to the part concerning that item) remain in force.

⑪The provisions of Article 47, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to specified good-quality rental housing prescribed in that paragraph that a corporation acquires or newly builds on or after the Effective Date.

⑫With regard to good-quality rental housing prescribed in Article 47, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation acquired or newly built before the Effective Date, the provisions of that Article (limited to the part concerning that paragraph) remain in force. In such a case, the phrase "Article 68-34, paragraph (1)" in paragraph (2) of that Article is deemed to be replaced with "Article 68-34, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment by Article 7 of the Act Partially Amending the Income Tax Act, etc. (Act No. 14 of 2004), which remains in force pursuant to the provisions of Article 49, paragraph (12) of the Supplementary Provisions of that Act".

⑬The provisions of Article 47-2, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to specified redevelopment buildings, etc. prescribed in that paragraph that a corporation acquires or newly builds on or after the date specified in Article 1, item (vi) of the Supplementary Provisions.

⑭With regard to specified redevelopment buildings, etc. prescribed in Article 47-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation acquired or newly built before the date specified in Article 1, item (vi) of the Supplementary Provisions, the provisions of that Article remain in force. In such a case, the phrase "Article 68-35, paragraph (1)" in paragraph (2) of that Article is deemed to be replaced with "Article 68-35, paragraph (1) of the Act on Special Measures Concerning Taxation as applied with the replacement of terms pursuant to the provisions of Article 49, paragraph (14) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 14 of 2004)".

⑮The provisions of Article 48 of the New Act on Special Measures Concerning Taxation apply to warehouse buildings, etc. prescribed in paragraph (1) of that Article that a corporation acquires or constructs on or after the Effective Date.

⑯With regard to warehouse buildings, etc. prescribed in Article 48, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation acquired or constructed before the Effective Date, the provisions of that Article remain in force. In such a case, the phrase "Article 68-36, paragraph (1)" in paragraph (2) of that Article is deemed to be replaced with "Article 68-36, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment by Article 7 of the Act Partially Amending the Income Tax Act, etc. (Act No. 14 of 2004), which remains in force pursuant to the provisions of Article 49, paragraph (16) of the Supplementary Provisions of that Act".

⑰The provisions of Article 52 of the New Act on Special Measures Concerning Taxation apply to contributions specified in paragraph (1), item (ii) of that Article that a corporation pays on or after the Effective Date, and the provisions then in force continue to govern contributions specified in Article 52, paragraph (1), item (ii) of the Former Act on Special Measures Concerning Taxation that a corporation paid before the Effective Date.

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

②With regard to the application of the provisions of Article 56, paragraph (1) of the New Act on Special Measures Concerning Taxation to specified urban railway construction work prescribed in that paragraph that is specified in a development project plan prescribed in that paragraph pertaining to the certification prescribed in that paragraph that a corporation prescribed in that paragraph received before the Effective Date, the phrase "4/10" in item (ii) of that paragraph is deemed to be replaced with "1/2".

①The provisions of Article 64 (limited to the part concerning paragraph (1), items (iii)-3, (iii)-4 and (vi)-2), Article 65 and Article 65-2 of the New Act on Special Measures Concerning Taxation apply to corporation tax pertaining to transfers of assets falling under these provisions (including acts deemed to be transfers by expropriation, etc. pursuant to the provisions of Article 64, paragraph (2) of the New Act on Special Measures Concerning Taxation and other acts that are to be included in transfers under these provisions) that a corporation makes on or after the Effective Date, and the provisions then in force continue to govern corporation tax pertaining to transfers of assets falling under the provisions of Article 64 (limited to the part concerning paragraph (1), item (iii)-3), Article 65 and Article 65-2 of the Former Act on Special Measures Concerning Taxation (including acts deemed to be transfers by expropriation, etc. pursuant to the provisions of Article 64, paragraph (2) of the Former Act on Special Measures Concerning Taxation and other acts that are to be included in transfers under these provisions) that a corporation made before the Effective Date.

②The provisions then in force continue to govern corporation tax pertaining to transfers of assets falling under the provisions of Article 64 (limited to the part concerning paragraph (1), item (v)) and Article 65 (limited to the part concerning paragraph (1), item (iii)) of the Former Act on Special Measures Concerning Taxation that a corporation made before the Effective Date.

③The provisions of Article 65-3, paragraph (1), items (i), (ii)-2 and (iii) of the New Act on Special Measures Concerning Taxation apply to corporation tax pertaining to transfers of land, etc. prescribed in that paragraph that a corporation makes on or after the Effective Date, and the provisions then in force continue to govern corporation tax pertaining to transfers of land, etc. prescribed in Article 65-3, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation made before the Effective Date.

④The provisions of Article 65-4, paragraph (1), item (viii) of the New Act on Special Measures Concerning Taxation apply to corporation tax pertaining to transfers of land, etc. prescribed in that paragraph that a corporation makes on or after the Effective Date, and the provisions then in force continue to govern corporation tax pertaining to transfers of land, etc. prescribed in Article 65-4, paragraph (1), item (viii) of the Former Act on Special Measures Concerning Taxation that a corporation made before the Effective Date.

⑤The provisions then in force continue to govern the case where, before the Effective Date, land, etc. prescribed in Article 65-4, paragraph (1) of the Former Act on Special Measures Concerning Taxation held by a corporation was purchased by the Japan Environment Corporation for use in a project referred to in item (xii) of that paragraph carried out by the Japan Environment Corporation.

⑥The provisions then in force continue to govern corporation tax pertaining to transfers of land, etc. prescribed in Article 65-4, paragraph (1), item (xix) of the Former Act on Special Measures Concerning Taxation that a corporation made before the Effective Date.

⑦The provisions of Articles 65-7 through 65-9 of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (xix) of the table in Article 65-7, paragraph (1) of the New Act on Special Measures Concerning Taxation) apply to corporation tax pertaining to transfers of assets listed in the left-hand column of that item that a corporation makes on or after the Effective Date, and the provisions then in force continue to govern corporation tax pertaining to transfers of assets listed in the left-hand column of item (xix) of the table in Article 65-7, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation made before the Effective Date.

The provisions of Article 66-10 of the New Act on Special Measures Concerning Taxation apply to fixed assets specified in paragraph (1), item (ii) of that Article that a corporation listed in that item acquires or manufactures on or after the Effective Date, and the provisions then in force continue to govern fixed assets specified in Article 66-10, paragraph (1), item (ii) of the Former Act on Special Measures Concerning Taxation that a corporation listed in that item acquired or manufactured before the Effective Date.

The provisions of Article 67-15 of the New Act on Special Measures Concerning Taxation apply to business years ending on or after the Effective Date in the case where a real estate investment corporation prescribed in paragraph (9) of that Article acquires, on or after the Effective Date, preferred equity investment certificates prescribed in that paragraph of a specific purpose company prescribed in that paragraph, or preferred equity investment certificates prescribed in paragraph (11) of that Article of a former specific purpose company prescribed in that paragraph.

With regard to the application of the provisions listed in the second column of the table in Article 68-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation pertaining to the consolidated income for each consolidated business year of a consolidated parent corporation within a consolidated parent corporation business year prescribed in Article 15-2, paragraph (1) of the Corporation Tax Act of that consolidated parent corporation that began before the Effective Date, the provisions then in force continue to govern.

The provisions then in force continue to govern depreciable assets listed in Article 68-10, paragraph (1), item (iv) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquired, manufactured or constructed before the Effective Date.

The provisions of Article 68-12 of the New Act on Special Measures Concerning Taxation apply to business base strengthening equipment prescribed in paragraph (1) of that Article that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires, manufactures or leases on or after the Effective Date, and the provisions then in force continue to govern business base strengthening equipment prescribed in Article 68-12, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquired, manufactured or leased before the Effective Date.

①The provisions of Article 68-16, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (i) of the table in that paragraph) apply to depreciable assets listed in the middle column of that item that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation makes an acquisition, etc. (meaning acquisition, manufacture or construction; the same applies hereinafter in this Article) of on or after November 1, 2004, and the provisions then in force continue to govern depreciable assets listed in the middle column of item (i) of the table in Article 68-16, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made an acquisition, etc. of before that date.

②The provisions of Article 68-16, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (iv) of the table in that paragraph) apply to depreciable assets listed in the middle column of that item that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation makes an acquisition, etc. of on or after the Effective Date, and the provisions then in force continue to govern depreciable assets listed in the middle column of item (iv) of the table in Article 68-16, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made an acquisition, etc. of before the Effective Date.

③The provisions of Article 68-18, paragraph (2) of the New Act on Special Measures Concerning Taxation apply to conservation project assets, etc. prescribed in that paragraph that a consolidated parent corporation makes an acquisition, etc. of on or after the Effective Date, and the provisions then in force continue to govern conservation project assets, etc. prescribed in Article 68-18, paragraph (2) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation made an acquisition, etc. of before the Effective Date.

④With regard to specified leisure facilities prescribed in Article 68-22, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires or constructs within the area of a priority development district referred to in that paragraph that is specified in a basic plan referred to in that paragraph for which the approval prescribed in that paragraph was obtained before the Effective Date, the provisions of that Article remain in force. In such a case, the phrase "in Article 44-5, paragraph (1)" in that paragraph is deemed to be replaced with "in Article 44-5, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment by Article 7 of the Act Partially Amending the Income Tax Act, etc. (Act No. 14 of 2004), which remains in force pursuant to the provisions of Article 40, paragraph (4) of the Supplementary Provisions of that Act (referred to as the "Former Act on Special Measures Concerning Taxation Kept in Force" in this paragraph)", and the phrase "the items of Article 44-5, paragraph (1)" is deemed to be replaced with "the items of Article 44-5, paragraph (1) of the Former Act on Special Measures Concerning Taxation Kept in Force".

⑤The provisions then in force continue to govern depreciable assets listed in the middle column of items (vi) through (ix) of the table in Article 68-24, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made an acquisition, etc. of before the Effective Date.

⑥The provisions then in force continue to govern import-related business assets prescribed in Article 68-26, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made an acquisition, etc. of before the Effective Date.

⑦The provisions of Article 68-26 of the New Act on Special Measures Concerning Taxation (limited to the part concerning Article 44-9, paragraph (1), item (i) of the New Act on Special Measures Concerning Taxation) apply to depreciable assets listed in that item that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation makes an acquisition, etc. of on or after the Effective Date, and the provisions then in force continue to govern depreciable assets listed in Article 44-9, paragraph (1), item (i) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made an acquisition, etc. of before the Effective Date.

⑨The provisions of Article 68-27 of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (iii) of the table in Article 45, paragraph (1) of the New Act on Special Measures Concerning Taxation) apply to depreciable assets listed in the third column of that item that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation makes an acquisition, etc. of on or after the Effective Date.

⑩With regard to depreciable assets specified in Article 68-32, paragraph (1), item (ii) of the Former Act on Special Measures Concerning Taxation held by a consolidated parent corporation referred to in that item, or by a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation, that received the certification prescribed in that item before the Effective Date, the provisions of that Article (limited to the part concerning that item) remain in force.

⑪The provisions of Article 68-34, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to specified good-quality rental housing prescribed in that paragraph that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires or newly builds on or after the Effective Date.

⑫With regard to good-quality rental housing prescribed in Article 68-34, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquired or newly built before the Effective Date, the provisions of that Article (limited to the part concerning that paragraph) remain in force. In such a case, the phrase "Article 47, paragraph (1), item (ii)" in item (ii) of that paragraph is deemed to be replaced with "Article 47, paragraph (1), item (ii) of the Act on Special Measures Concerning Taxation prior to the amendment by Article 7 of the Act Partially Amending the Income Tax Act, etc. (Act No. 14 of 2004), which remains in force pursuant to the provisions of Article 40, paragraph (12) of the Supplementary Provisions of that Act (referred to as the "Former Act on Special Measures Concerning Taxation Kept in Force" in the following paragraph)", and the phrase "Article 47, paragraph (1)" in paragraph (2) of that Article is deemed to be replaced with "Article 47, paragraph (1) of the Former Act on Special Measures Concerning Taxation Kept in Force".

⑬The provisions of Article 68-35, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning Article 47-2, paragraph (3), item (v) of the New Act on Special Measures Concerning Taxation) apply to structures listed in Article 47-2, paragraph (3), item (v) of the New Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires or newly builds on or after the date specified in Article 1, item (vi) of the Supplementary Provisions.

⑮The provisions of Article 68-36 of the New Act on Special Measures Concerning Taxation apply to warehouse buildings, etc. prescribed in paragraph (1) of that Article that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires or constructs on or after the Effective Date.

⑯With regard to warehouse buildings, etc. prescribed in Article 68-36, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquired or constructed before the Effective Date, the provisions of that Article remain in force. In such a case, the phrase "Article 48, paragraph (1)" in paragraph (2) of that Article is deemed to be replaced with "Article 48, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment by Article 7 of the Act Partially Amending the Income Tax Act, etc. (Act No. 14 of 2004), which remains in force pursuant to the provisions of Article 40, paragraph (16) of the Supplementary Provisions of that Act".

⑰The provisions of Article 68-39 of the New Act on Special Measures Concerning Taxation (limited to the part concerning Article 52, paragraph (1), item (ii) of the New Act on Special Measures Concerning Taxation) apply to contributions specified in that item that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation pays on or after the Effective Date, and the provisions then in force continue to govern contributions specified in Article 52, paragraph (1), item (ii) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation paid before the Effective Date.

①The provisions of Article 68-43 of the New Act on Special Measures Concerning Taxation apply to specified shares, etc. prescribed in paragraph (1) of that Article that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires on or after the Effective Date, and the provisions then in force continue to govern specified shares, etc. prescribed in Article 68-43, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquired before the Effective Date.

②With regard to the application of the provisions of Article 68-47, paragraph (1) of the New Act on Special Measures Concerning Taxation to specified urban railway construction work prescribed in that paragraph that is specified in a development project plan prescribed in Article 68-47, paragraph (1) of the New Act on Special Measures Concerning Taxation pertaining to the certification prescribed in Article 56, paragraph (1) of the New Act on Special Measures Concerning Taxation that a consolidated parent corporation prescribed in Article 68-47, paragraph (1) of the New Act on Special Measures Concerning Taxation, or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation, received before the Effective Date, the phrase "4/10" in item (ii) of that paragraph is deemed to be replaced with "1/2".

①The provisions of Article 68-70 (limited to the part concerning Article 64, paragraph (1), items (iii)-3, (iii)-4 and (vi)-2 of the New Act on Special Measures Concerning Taxation), Article 68-72 and Article 68-73 of the New Act on Special Measures Concerning Taxation apply to corporation tax pertaining to transfers of assets falling under these provisions (including acts deemed to be transfers by expropriation, etc. pursuant to the provisions of Article 68-70, paragraph (2) of the New Act on Special Measures Concerning Taxation and other acts that are to be included in transfers under these provisions) that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation makes on or after the Effective Date, and the provisions then in force continue to govern corporation tax pertaining to transfers of assets falling under the provisions of Article 68-70 (limited to the part concerning Article 64, paragraph (1), item (iii)-3 of the Former Act on Special Measures Concerning Taxation), Article 68-72 and Article 68-73 of the Former Act on Special Measures Concerning Taxation (including acts deemed to be transfers by expropriation, etc. pursuant to the provisions of Article 68-70, paragraph (2) of the Former Act on Special Measures Concerning Taxation and other acts that are to be included in transfers under these provisions) that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made before the Effective Date.

②The provisions then in force continue to govern corporation tax pertaining to transfers of assets falling under the provisions of Article 68-70 (limited to the part concerning Article 64, paragraph (1), item (v) of the Former Act on Special Measures Concerning Taxation) and Article 68-72 (limited to the part concerning Article 65, paragraph (1), item (iii) of the Former Act on Special Measures Concerning Taxation) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made before the Effective Date.

③The provisions of Article 68-74, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning Article 65-3, paragraph (1), items (i), (ii)-2 and (iii) of the New Act on Special Measures Concerning Taxation) apply to corporation tax pertaining to transfers of land, etc. prescribed in Article 68-74, paragraph (1) of the New Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation makes on or after the Effective Date, and the provisions then in force continue to govern corporation tax pertaining to transfers of land, etc. prescribed in Article 68-74, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made before the Effective Date.

④The provisions of Article 68-75, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning Article 65-4, paragraph (1), item (viii) of the New Act on Special Measures Concerning Taxation) apply to corporation tax pertaining to transfers of land, etc. prescribed in that item that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation makes on or after the Effective Date, and the provisions then in force continue to govern corporation tax pertaining to transfers of land, etc. prescribed in Article 65-4, paragraph (1), item (viii) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made before the Effective Date.

⑤The provisions then in force continue to govern the case where, before the Effective Date, land, etc. prescribed in Article 68-75, paragraph (1) of the Former Act on Special Measures Concerning Taxation held by a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation was purchased by the Japan Environment Corporation for use in a project referred to in Article 65-4, paragraph (1), item (xii) of the Former Act on Special Measures Concerning Taxation carried out by the Japan Environment Corporation.

⑥The provisions then in force continue to govern corporation tax pertaining to transfers of land, etc. prescribed in Article 68-75, paragraph (1) of the Former Act on Special Measures Concerning Taxation (limited to the part concerning Article 65-4, paragraph (1), item (xix) of the Former Act on Special Measures Concerning Taxation) that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made before the Effective Date.

⑦The provisions of Articles 68-78 through 68-80 of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (xvii) of the table in Article 68-78, paragraph (1) of the New Act on Special Measures Concerning Taxation) apply to corporation tax pertaining to transfers of assets listed in the left-hand column of item (xix) of the table in Article 65-7, paragraph (1) of the New Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation makes on or after the Effective Date, and the provisions then in force continue to govern corporation tax pertaining to transfers of assets listed in the left-hand column of item (xix) of the table in Article 65-7, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made before the Effective Date.

The provisions of Article 68-94 of the New Act on Special Measures Concerning Taxation apply to fixed assets specified in Article 66-10, paragraph (1), item (ii) of the New Act on Special Measures Concerning Taxation that a consolidated parent corporation listed in that item acquires or manufactures on or after the Effective Date, and the provisions then in force continue to govern fixed assets specified in Article 66-10, paragraph (1), item (ii) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation listed in that item acquired or manufactured before the Effective Date.

The provisions of Article 68-103-2 of the New Act on Special Measures Concerning Taxation apply to corporation tax for consolidated business years of consolidated corporations whose consolidated parent corporation business year prescribed in Article 15-2, paragraph (1) of the Corporation Tax Act begins on or after the Effective Date.

①Unless otherwise provided for, the provisions of Chapter IV of the New Act on Special Measures Concerning Taxation apply to inheritance tax or gift tax on property acquired on or after the Effective Date through inheritance or bequest (including a gift that takes effect upon the death of the donor; the same applies hereinafter in this Article), or through gift (excluding a gift that takes effect upon the death of the donor; the same applies hereinafter in this Article), and the provisions then in force continue to govern inheritance tax or gift tax on property acquired before the Effective Date through inheritance or bequest, or through gift.

②The provisions of Article 69-5, paragraph (2) (limited to the part concerning 1 billion yen in item (xii), (a)) and paragraph (5) (limited to the part concerning 1 billion yen) of the New Act on Special Measures Concerning Taxation apply to inheritance tax or gift tax on property acquired on or after January 1, 2004 through inheritance or bequest, or through gift, and the provisions then in force continue to govern inheritance tax or gift tax on property acquired before that date through inheritance or bequest, or through gift.

①With regard to registration and license tax on the registration of preservation of ownership or registration of transfer of ownership of land pertaining to a sale prescribed in Article 76 of the Former Act on Special Measures Concerning Taxation in the case where that sale was received from the State before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 79, paragraphs (1) and (2) of the New Act on Special Measures Concerning Taxation apply to registration and license tax on the registration of preservation of ownership or registration of transfer of ownership of a fishing vessel prescribed in paragraph (1) of that Article, or the registration of the establishment of a mortgage on that fishing vessel, that is received 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 or registration of transfer of ownership of a fishing vessel prescribed in Article 79, paragraph (1) of the Former Act on Special Measures Concerning Taxation, or the registration of the establishment of a mortgage on that fishing vessel, that was received before the Effective Date.

③The provisions of Article 79, paragraphs (3) and (4) of the New Act on Special Measures Concerning Taxation apply to registration and license tax on the registration of preservation of ownership of an international ship prescribed in paragraph (3) of that Article, or the registration of the establishment of a mortgage on that international ship, that is received 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 an international ship prescribed in Article 79, paragraph (3) of the Former Act on Special Measures Concerning Taxation, or the registration of the establishment of a mortgage on that international ship, that was received before the Effective Date.

④The provisions of Article 80-2, paragraph (3) of the New Act on Special Measures Concerning Taxation apply to registration and license tax on the registration of an increase in capital prescribed in that paragraph that is received on or after the Effective Date.

⑤With regard to registration and license tax on the registration of preservation of ownership of that land in the case where, before the Effective Date, a corporation prescribed in Article 83 of the Former Act on Special Measures Concerning Taxation acquired ownership of land to be used for a specified public construction project prescribed in that Article, the provisions then in force continue to govern.

①The provisions then in force continue to govern petroleum and coal tax that was imposed, or should have been imposed, before the Effective Date.

②With regard to the application of penal provisions to acts committed before the Effective Date and to acts committed on or after the Effective Date in connection with petroleum and coal tax which the provisions then in force are to continue to govern pursuant to the provisions of the preceding paragraph, the provisions then in force continue to govern.

①The provisions then in force continue to govern aviation fuel tax that was imposed, or should have been imposed, before the Effective Date.

②If, at the time when an aircraft that is an aircraft on a specified remote island route prescribed in Article 90-9, paragraph (1) of the New Act on Special Measures Concerning Taxation first flies on or after the Effective Date, there exists in that aircraft aviation fuel on which aviation fuel tax has been or is to be imposed at the tax rate prescribed in Article 90-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation as applied mutatis mutandis pursuant to Article 90-8-2 of the Former Act on Special Measures Concerning Taxation, that aviation fuel is deemed to have been unloaded from that aircraft at that time at the place where that aircraft is located, and aviation fuel on which aviation fuel tax is to be imposed at the tax rate prescribed in Article 90-9, paragraph (1) of the New Act on Special Measures Concerning Taxation is deemed to have been loaded onto that aircraft. In such a case, necessary matters concerning the application of the provisions of the Aviation Fuel Tax Act (Act No. 7 of 1972) to that aviation fuel are specified by Cabinet Order.

③If, at the time when an aircraft that is a general domestic aircraft prescribed in Article 90-9, paragraph (2) of the New Act on Special Measures Concerning Taxation first flies on or after the Effective Date, there exists in that aircraft aviation fuel on which aviation fuel tax has been or is to be imposed at the tax rate prescribed in Article 90-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation as applied mutatis mutandis pursuant to Article 90-8-2 of the Former Act on Special Measures Concerning Taxation, that aviation fuel is deemed to have been unloaded from that aircraft at that time at the place where that aircraft is located, and aviation fuel on which aviation fuel tax is to be imposed at the tax rate prescribed in Article 11 of the Aviation Fuel Tax Act is deemed to have been loaded onto that aircraft. In such a case, necessary matters concerning the application of the provisions of that Act to that aviation fuel are specified by Cabinet Order.

④With regard to the application of penal provisions to acts committed before the Effective Date and to acts committed on or after the Effective Date in connection with aviation fuel tax which the provisions then in force are to continue to govern pursuant to the provisions of paragraph (1), the provisions then in force continue to govern.

The provisions then in force continue to govern inheritance tax in the case where an agricultural heir prescribed in Article 19, paragraph (6) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation prior to the amendment by the provisions of the preceding Article obtained, before the Effective Date, the approval of the district director prescribed in that paragraph with regard to the expectation that the heir will convert land that falls under the category of specified agricultural land, etc. within an urbanization promotion area prescribed in that paragraph in a manner that satisfies the requirements listed in the items of that paragraph.

①The provisions of Article 18 of the Supplementary Provisions 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 as amended by the provisions of the preceding Article apply to income tax for 2004 and subsequent years, and the provisions then in force continue to govern income tax for 2003 and prior years.

②With regard to the application of the provisions of Article 6 of the Act on Measures to Reduce the Burden of Income Tax and Corporation Tax to Be Taken Promptly in Response to Changes in the Economy and Society, etc. in the case where the provisions of the preceding paragraph apply, the phrase "provisions and" in Article 2, item (iii) of that Act is deemed to be replaced with "provisions, the provisions of Article 65, paragraph (1) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 14 of 2004) and".

Beyond what is provided for in these Supplementary Provisions, transitional measures necessary in connection with the enforcement of this Act are specified by Cabinet Order.