1) Individual income tax cuts worth 4 trillion yen
2) 2.3 trillion yen in corporate income tax cuts due to a new 40.87 percent taxation rate
3) Housing loan deductions in 1999 and 2000 for first-time buyers whose houses exceed 50 sq. meters, worth 5.8 million yen per buyer over 15 years
4) Income tax deductions of 630,000 yen for households with children aged 16 to 22, and 480,000 yen for those with children aged 15 and under
5) Tax exemption for nonresidents on interest income from government bonds, beginning in September 1999
6) Freezing of a special corporate tax on corporate pension reserves, currently set at 1.17 percent, for two years
7) Frontloading abolishment of securities exchange tax to March 31, 1999
8) Corporate income taxes on a consolidated basis, to be introduced in 2001
9) Lump-sum depreciation of information technology equipment, such as computers, valued at up to 1 million yen, beginning in April 1999 and expiring in April 2000
10) Tax deductions for purchases of energy-saving vehicles, including hybrid-engine automobiles