<?xml version="1.0" encoding="UTF-8"?>
<Law Era="Showa" Lang="en" LawType="Act" Num="230" PromulgateDay="23" PromulgateMonth="12" Year="22">
  <PromulgateBody>
    <PromulgateStatement>I hereby promulgate the Law concerning the Special Exemption of Imposition of Income Tax on the Premiums of Hypothec Bank Debenture, etc.</PromulgateStatement>
    <ImperialSignature>Signed:HIROHITO, Seal of the Emperor</ImperialSignature>
    <PromulgateDate>This twenty-third day of the twelfth month of the twenty-second year of Showa (December 23, 1947)</PromulgateDate>
    <Signature>
      <MinisterialTitle>Prime Minister</MinisterialTitle>
      <Name>KATAYAMA Tetsu</Name>
    </Signature>
  </PromulgateBody>
  <LawNum>Law No.230</LawNum>
  <LawBody>
    <LawTitle/>
    <MainProvision>
      <Paragraph Num="1">
        <ParagraphNum/>
        <ParagraphSentence>
          <Sentence>No income tax shall be imposed, for the time being, on the premiums of the hypothec debentures, savings debentures, patriotic debentures issued in accordance with the provision of Article 10-(5), Paragraph 1 of the Temporary Funds Adjustment Law, and savings as stipulated in the provision of Article 10-(7) of the same Law and prize money of the certificate as provided in Article 10-(12), Paragraph 1 of the same Law.</Sentence>
        </ParagraphSentence>
      </Paragraph>
    </MainProvision>
    <SupplProvision>
      <SupplProvisionLabel>Supplementary Provision:</SupplProvisionLabel>
      <Paragraph Num="1">
        <ParagraphNum/>
        <ParagraphSentence>
          <Sentence>This Law shall come into force as from January 1, 1948.</Sentence>
        </ParagraphSentence>
      </Paragraph>
    </SupplProvision>
  </LawBody>
  <Signatures>
    <Signature>
      <MinisterialTitle>Minister of Finance</MinisterialTitle>
      <Name>KURUSU Takeo</Name>
    </Signature>
    <Signature>
      <MinisterialTitle>Prime Minister</MinisterialTitle>
      <Name>KATAYAMA Tetsu</Name>
    </Signature>
  </Signatures>
</Law>