Sec. 1005. Conforming amendments related to simplification of individual income tax rates
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Section 32(b)(2)(B)(ii)(II) is amended by striking section 1(f)(3) for the calendar year in which the taxable year begins determined by substituting and inserting calendar year 2008 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for the calendar year in which the taxable year begins determined by substituting . calendar year 2008 for calendar year 2016 in clause
(ii)thereof Section 32(j)(1)(B) is amended— in the matter preceding clause (i), by striking section 1(f)(3) and inserting section 1(c)(2)(A) , in clause (i), by striking for and inserting calendar year 1992 in subparagraph
(B)thereof for , and calendar year 2016 in clause
(ii)thereof in clause (ii), by striking for and inserting calendar year 1992 in subparagraph
(B)of such section 1 for . calendar year 2016 in clause
(ii)thereof Section 36B(b)(3)(A)(ii)(II) is amended by striking consumer price index and inserting C-CPI-U (as defined in section 1(c)) . Section 41(e)(5)(C) is amended to read as follows: The cost-of-living adjustment for any calendar year is the cost-of-living adjustment for such calendar year determined under section 1(c)(2)(A), by substituting calendar year 1987 for calendar year 2016 in clause
(ii)thereof. If the base period of any taxpayer does not end in 1983 or 1984, clause
(i)shall be applied by substituting the calendar year in which such base period ends for 1987. . Section 42(e)(3)(D)(ii) is amended by striking section 1(f)(3) for such calendar year by substituting and inserting calendar year 2008 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for such calendar year by substituting . calendar year 2008 for calendar year 2016 in clause
(ii)thereof Section 42(h)(3)(H)(i)(II) is amended by striking section 1(f)(3) for such calendar year by substituting and inserting calendar year 2001 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for such calendar year by substituting . calendar year 2001 for calendar year 2016 in clause
(ii)thereof Section 45R(d)(3)(B)(ii) is amended by striking section 1(f)(3) for the calendar year, determined by substituting and inserting calendar year 2012 for calendar year 1992 in subparagraph
(B)thereof . section 1(c)(2)(A) for such calendar year, determined by substituting calendar year 2012 for calendar year 2016 in clause
(ii)thereof Section 125(i)(2) is amended— by striking section 1(f)(3) for the calendar year in which the taxable year begins by substituting in subparagraph
(B)and inserting calendar year 2012 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for the calendar year in which the taxable year begins , and by striking $50 both places it appears in the last sentence and inserting $100 . Section 162(o)(3) is amended by inserting as in effect before enactment of the after Tax Cuts and Jobs Act section 1(f)(5) . Section 220(g)(2) is amended by striking section 1(f)(3) for the calendar year in which the taxable year begins by substituting and inserting calendar year 1997 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for the calendar year in which the taxable year begins, determined by substituting . calendar year 1997 for calendar year 2016 in clause
(ii)thereof Section 223(g)(1) is amended by striking all that follows subparagraph
(A)and inserting the following: the cost-of-living adjustment determined under section 1(c)(2)(A) for the calendar year in which the taxable year begins, determined— by substituting for calendar year 2016 in clause
(ii)thereof— except as provided in clause (ii), calendar year 1997 , and in the case of each dollar amount in subsection (c)(2)(A), calendar year 2003 , and by substituting March 31 for August 31 in paragraphs (5)(B) and (6)(B) of section 1(c). The Secretary shall publish the dollar amounts as adjusted under this subsection for taxable years beginning in any calendar year no later than June 1 of the preceding calendar year. . Section 430(c)(7)(D)(vii)(II) is amended by striking section 1(f)(3) for the calendar year, determined by substituting and inserting calendar year 2009 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for the calendar year, determined by substituting . calendar year 2009 for calendar year 2016 in clause
(ii)thereof Section 512(d)(2)(B) is amended by striking section 1(f)(3) for the calendar year in which the taxable year begins, by substituting and inserting calendar year 1994 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for the calendar year in which the taxable year begins, determined by substituting . calendar year 1994 for calendar year 2016 in clause
(ii)thereof Section 513(h)(2)(C)(ii) is amended by striking section 1(f)(3) for the calendar year in which the taxable year begins by substituting and inserting calendar year 1987 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for the calendar year in which the taxable year begins, determined by substituting . calendar year 1987 for calendar year 2016 in clause
(ii)thereof Section 831(b)(2)(D)(ii) is amended by striking section 1(f)(3) for such calendar year by substituting and inserting calendar year 2013 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for such calendar year by substituting . calendar year 2013 for calendar year 2016 in clause
(ii)thereof Section 877A(a)(3)(B)(i)(II) is amended by striking section 1(f)(3) for the calendar year in which the taxable year begins, by substituting and inserting calendar year 2007 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for the calendar year in which the taxable year begins, determined by substituting . calendar year 2007 for calendar year 2016 in clause
(ii)thereof Section 911(b)(2)(D)(ii)(II) is amended by striking section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting and inserting 2004 for 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for the calendar year in which the taxable year begins, determined by substituting . calendar year 2004 for calendar year 2016 in clause
(ii)thereof Section 1274A(d)(2) is amended to read as follows: In the case of any debt instrument arising out of a sale or exchange during any calendar year after 2018, each adjusted dollar amount shall be increased by an amount equal to— such adjusted dollar amount, multiplied by the cost-of-living adjustment determined under section 1(c)(2)(A) for such calendar year, determined by substituting calendar year 2017 for calendar year 2016 in clause
(ii)thereof. For purposes of this paragraph, the term adjusted dollar amount means the dollar amounts in subsections
(b)and (c), in each case as in effect for calendar year 2018. Any increase under subparagraph
(A)shall be rounded to the nearest multiple of $100. . Section 2010(c)(3)(B)(ii) is amended by striking section 1(f)(3) for such calendar year by substituting and inserting calendar year 2010 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for such calendar year, determined by substituting . calendar year 2010 for calendar year 2016 in clause
(ii)thereof Section 2032A(a)(3)(B) is amended by striking section 1(f)(3) for such calendar year by substituting and inserting calendar year 1997 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for such calendar year, determined by substituting . calendar year 1997 for calendar year 2016 in clause
(ii)thereof Section 2503(b)(2)(B) is amended by striking section 1(f)(3) for such calendar year by substituting and inserting calendar year 1997 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for the calendar year, determined by substituting . calendar year 1997 for calendar year 2016 in clause
(ii)thereof Section 4161(b)(2)(C)(i)(II) is amended by striking section 1(f)(3) for such calendar year, determined by substituting and inserting 2004 for 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for such calendar year, determined by substituting . calendar year 2004 for calendar year 2016 in clause
(ii)thereof Section 4261(e)(4)(A)(ii) is amended by striking section 1(f)(3) for such calendar year by substituting the year before the last nonindexed year for and inserting calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for such calendar year, determined by substituting the year before the last nonindexed year for . calendar year 2016 in clause
(ii)thereof Section 4980I(b)(3)(C)(v)(II) is amended— by striking section 1(f)(3) and inserting section 1(c)(2)(A) , by striking subparagraph
(B)and inserting clause
(ii), and by striking 1992 and inserting 2016 . Section 5000A(c)(3)(D)(ii) is amended— by striking section 1(f)(3) and inserting section 1(c)(2)(A) , by striking subparagraph
(B)and inserting clause
(ii), and by striking 1992 and inserting 2016 . Section 6039F(d) is amended by striking section 1(f)(3), except that subparagraph
(B)thereof and inserting section 1(c)(2)(A), except that clause
(ii)thereof . Section 6323(i)(4)(B) is amended by striking section 1(f)(3) for the calendar year, determined by substituting and inserting calendar year 1996 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for the calendar year, determined by substituting . calendar year 1996 for calendar year 2016 in clause
(ii)thereof Section 6334(g)(1)(B) is amended by striking section 1(f)(3) for such calendar year, by substituting and inserting calendar year 1998 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for such calendar year, determined by substituting . calendar year 1999 for calendar year 2016 in clause
(ii)thereof Section 6601(j)(3)(B) is amended by striking section 1(f)(3) for such calendar year by substituting and inserting calendar year 1997 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for such calendar year by substituting . calendar year 1997 for calendar year 2016 in clause
(ii)thereof Section 6651(i)(1) is amended by striking section 1(f)(3) determined by substituting and inserting calendar year 2013 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) determined by substituting . calendar year 2013 for calendar year 2016 in clause
(ii)thereof Section 6721(f)(1) is amended— by striking section 1(f)(3) and inserting section 1(c)(2)(A) , by striking subparagraph
(B)and inserting clause
(ii), and by striking 1992 and inserting 2016 . Section 6722(f)(1) is amended— by striking section 1(f)(3) and inserting section 1(c)(2)(A) , by striking subparagraph
(B)and inserting clause
(ii), and by striking 1992 and inserting 2016 . Section 6652(c)(7)(A) is amended by striking section 1(f)(3) determined by substituting and inserting calendar year 2013 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) determined by substituting . calendar year 2013 for calendar year 2016 in clause
(ii)thereof Section 6695(h)(1) is amended by striking section 1(f)(3) determined by substituting and inserting calendar year 2013 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) determined by substituting . calendar year 2013 for calendar year 2016 in clause
(ii)thereof Section 6698(e)(1) is amended by striking section 1(f)(3) determined by substituting and inserting calendar year 2013 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) determined by substituting . calendar year 2013 for calendar year 2016 in clause
(ii)thereof Section 6699(e)(1) is amended by striking section 1(f)(3) determined by substituting and inserting calendar year 2013 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) determined by substituting . calendar year 2013 for calendar year 2016 in clause
(ii)thereof Section 7345(f)(2) is amended by striking section 1(f)(3) for the calendar year, determined by substituting and inserting calendar year 2015 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for the calendar year, determined by substituting . calendar year 2015 for calendar year 2016 in clause
(ii)thereof Section 7430(c)(1) is amended by striking section 1(f)(3) for such calendar year, by substituting in the flush text at the end and inserting calendar year 1995 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for such calendar year, determined by substituting . calendar year 1995 for calendar year 2016 in clause
(ii)thereof Section 7872(g)(5) is amended to read as follows: In the case of any loan made during any calendar year after 2018 to which paragraph
(1)applies, the adjusted dollar amount shall be increased by an amount equal to— such adjusted dollar amount, multiplied by the cost-of-living adjustment determined under section 1(c)(2)(A) for such calendar year, determined by substituting calendar year 2017 for calendar year 2016 in clause
(ii)thereof. For purposes of this paragraph, the term adjusted dollar amount means the dollar amount in paragraph
(2)as in effect for calendar year 2018. Any increase under subparagraph
(A)shall be rounded to the nearest multiple of $100. . Section 219(b)(5)(C)(i)(II) is amended by striking section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting and inserting calendar year 2007 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for the calendar year in which the taxable year begins, determined by substituting . calendar year 2007 for calendar year 2016 in clause
(ii)thereof Section 219(g)(8)(B) is amended by striking section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting and inserting calendar year 2005 for calendar year 1992 in subparagraph
(B)thereof section 1(c)(2)(A) for the calendar year in which the taxable year begins, determined by substituting . calendar year 2005 for calendar year 2016 in clause
(ii)thereof Section 36B(b)(3)(B)(ii)(I)(aa) is amended to read as follows: who is described in section 1(b)(1)(B) and who does not have any dependents for the taxable year, . Section 486B(b)(1) is amended— by striking maximum rate in effect and inserting highest rate specified , and by striking section 1(e) and inserting section 1 . Section 511(b)(1) is amended by striking section 1(e) and inserting section 1 . Section 641(a) is amended by striking section 1(e) shall apply to the taxable income and inserting section 1 shall apply to the taxable income . Section 641(c)(2)(A) is amended to read as follows: Except to the extent provided in section 1(h), the rate of tax shall be treated as being the highest rate of tax set forth in section 1(a). . Section 646(b) is amended to read as follows: Except as provided in subsection (f)(1)(B)(ii), there is hereby imposed on the taxable income of an electing Settlement Trust a tax at the rate specified in section 1(a)(1). Such tax shall be in lieu of the income tax otherwise imposed by this chapter on such income. . Section 685(c) is amended by striking Section 1(e) and inserting Section 1 . Section 904(b)(3)(E)(ii)(I) is amended by striking set forth in subsection (a), (b), (c), (d), or
(e)of section 1 (whichever applies) and inserting the highest rate of tax specified in section 1 . Section 1398(c)(2) is amended by striking subsection
(d)of . Section 3402(p)(1)(B) is amended by striking any percentage applicable to any of the 3 lowest income brackets in the table under section 1(c), and inserting 12 percent, 25 percent, . Section 3402(q)(1) is amended by striking the product of third lowest rate of tax applicable under section 1(c) and and inserting 25 percent of . Section 3402(r)(3) is amended by striking the amount of tax which would be imposed by section 1(c) (determined without regard to any rate of tax in excess of the fourth lowest rate of tax applicable under section 1(c)) on an amount of taxable income equal to and inserting an amount equal to the product of 25 percent multiplied by . Section 3406(a)(1) is amended by striking the product of the fourth lowest rate of tax applicable under section 1(c) and and inserting 25 percent of . Section 6103(e)(1)(A)(iii) is amended by inserting (as in effect on the day before the date of the enactment of the after Tax Cuts and Jobs Act ) section 1(g) . The amendments made by this section shall apply to taxable years beginning after December 31, 2017.