Sec. 135501. Increases in State allocations
201 words·~1 min read·
/bill/117/hr/5376/rh/section-135501·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 42(h)(3)(I) is amended to read as follows: 2022 through 2028 In the case of calendar years 2022 through 2028, the dollar amounts under subclauses
(I)and
(II)of subparagraph (C)(ii) for any such calendar shall be determined under clause
(ii)and in accordance with the following table: In the case of calendar year: The subclause
(I)amount shall be: The subclause
(II)amount shall be: 2022 $3.22 $3,711,575 2023 $3.70 $4,269,471 2024 $4.25 $4,901,620 2025 $4.88 $5,632,880 2026, 2027, and 2028 In the case of calendar years 2026, 2027, and 2028, the subclause
(I)and
(II)dollar amounts shall be the respective dollar amounts corresponding to calendar year 2025 in the table under clause
(i)each increased by an amount equal to— such dollar amount, multiplied by the cost-of-living adjustment determined under section 1(f)(3) for such calendar year by substituting calendar year 2025 for calendar year 2016 in paragraph (A)(ii) thereof. Any increase under this clause shall be rounded to the nearest cent in the case of the subclause
(I)amount and the nearest dollar in the case of the subclause
(II)amount. . The amendments made by this section shall apply to calendar years beginning after December 31, 2021.