①The provisions of Article 42-9, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to industrial machinery, etc. prescribed in that paragraph that a corporation 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 42-9, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation 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 items (i) through (iv), respectively, of the table in Article 42-9, paragraph (1) of the New Act on Special Measures Concerning Taxation (referred to as the "new table" in the following paragraph and paragraph (4)), and the provisions of that Article (limited to the parts concerning those items) apply. In this case, the phrase "a corporation that 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 "a corporation"; 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 "when used" is deemed to be replaced with "when used (limited, in the case where they are used for the business listed in the third column of item (iii) of that table within the area listed in the second column of that item, to the case where a corporation 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 former specified economic and financial revitalization industry is deemed, during the transitional period for the former economic and financial revitalization plan, to be a business listed in the third column of item (v) of the new table, and the provisions of Article 42-9 of the New Act on Special Measures Concerning Taxation (limited to the part concerning that item) apply. In this case, the phrase "a corporation that 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 "a corporation"; 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 of Article 42-9, paragraph (2) of the New Act on Special Measures Concerning Taxation apply to corporation tax for business years of corporations ending on or after the Effective Date (limited to business years ending on or after the day on which the corporation came to fall under the category of business operators listed in the first column of the respective items of the new table (hereinafter referred to as the "applicable business year" in this paragraph)), and the provisions then in force continue to govern corporation tax for business years of corporations that ended before the Effective Date (including business years ending on or after the Effective Date (excluding applicable business years)).