①The provisions of Article 12, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to industrial machinery, etc. prescribed in that paragraph that an individual acquires, or manufactures or constructs, 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 on Special Measures Concerning Taxation that an individual acquired, or manufactured or constructed, before the Effective Date.

②Each area listed in the following items is deemed, during the period specified in the respective item, to be an area listed in the second column of item (i) or item (ii), respectively, of the table in Article 12, paragraph (1) of the New Act on Special Measures Concerning Taxation (referred to as the "new table" in the following paragraph), and the provisions of that Article (limited to the parts concerning those items) apply. In this case, the phrase "an individual who falls under the category of business operators listed in the first column of the respective items of the following table" in paragraph (1) of that Article is deemed to be replaced with "an individual"; the phrase "the second column of the respective items" is deemed to be replaced with "the second column of the respective items of the following table"; the phrase "depreciable assets that are specified by Cabinet Order as contributing to the promotion of that area" is deemed to be replaced with "depreciable assets"; and the phrase "excluding them)" is deemed to be replaced with "excluding them, and, in the case where they are used for the business listed in the third column of item (i) of that table within the area listed in the second column of that item, limited to the case where an individual that has received the certification prescribed in that paragraph, in the case where the provisions then in force continue to govern, pursuant to the provisions of Article 5, paragraph (2) of the Supplementary Provisions of the Okinawa Promotion Act, etc. Amendment Act, an industrial upgrading and business innovation measures implementation plan prescribed in Article 35-3, paragraph (1) of the Act on Special Measures for the Promotion and Development of Okinawa prior to the amendment by the provisions of Article 1 of the Act Partially Amending the Act on Special Measures for the Promotion and Development of Okinawa, etc. (Act No. 7 of 2022; hereinafter referred to as the "Okinawa Promotion Act, etc. Amendment Act" in this paragraph), uses them for that business)".

③A business belonging to the specified economic and financial revitalization industry prescribed in Article 55-2, paragraph (2), item (ii) of the Act on Special Measures for the Promotion and Development of Okinawa (hereinafter referred to as the "former specified economic and financial revitalization industry") that is set out, as of the day before the Effective Date, in the former certified economic and financial revitalization plan prescribed in Article 7, paragraph (1) of the Supplementary Provisions of the Okinawa Promotion Act, etc. Amendment Act is deemed, during the period from the Effective Date to the day on which six months have elapsed from the Effective Date (or, if by that day an economic and financial revitalization plan prescribed in Article 55-2, paragraph (1) of the New Okinawa Promotion Act has been certified pursuant to the provisions of paragraph (4) of that Article, the day before the day on which it was certified) (hereinafter referred to as the "transitional period for the former economic and financial revitalization plan"), to be a business listed in the third column of item (iii) of the new table, and the provisions of Article 12 of the New Act on Special Measures Concerning Taxation (limited to the part concerning that item) apply. In this case, the phrase "an individual who falls under the category of business operators listed in the first column of the respective items of the following table" in paragraph (1) of that Article is deemed to be replaced with "an individual"; the phrase "the second column of the respective items" is deemed to be replaced with "the second column of the respective items of the following table"; and the phrase "depreciable assets that are specified by Cabinet Order as contributing to the promotion of that area" is deemed to be replaced with "depreciable assets".

④The provisions then in force continue to govern specified machinery and equipment prescribed in Article 13, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual holds as of December 31 prescribed in that paragraph in the case where the individual employed persons with disabilities referred to in that paragraph in any year up to and including 2022 and meets any of the requirements listed in the items of that paragraph.

⑤The provisions of Article 15, paragraph (1) of the New Act on Special Measures Concerning Taxation 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 on Special Measures Concerning Taxation that an individual acquired or constructed before the Effective Date.