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131 STAT. 2062 PUBLIC LAW 115–97—DEC. 22, 2017 ‘‘(B) AUTOMOBILE PRICE INFLATION ADJUSTMENT.—For purposes of this paragraph— ‘‘(i) IN GENERAL.—The automobile price inflation adjustment for any calendar year is the percentage (if any) by which— ‘‘(I) the C-CPI-U automobile component for October of the preceding calendar year, exceeds ‘‘(II) the automobile component of the CPI (as defined in section 1(f)(4)) for October of 1987, multiplied by the amount determined under 1(f)(3)(B). ‘‘(ii) C-CPI-U AUTOMOBILE COMPONENT.—The term ‘C-CPI-U automobile component’ means the automobile component of the Chained Consumer Price Index for All Urban Consumers (as described in section 1(f)(6)).’’. (9) Section 911(b)(2)(D)(ii)(II) is amended by striking ‘‘for ‘1992’ in subparagraph (B)’’ and inserting ‘‘for ‘2016’ in subpara- graph (A)(ii)’’. (10) Paragraph (2) of section 1274A(d) is amended to read as follows: ‘‘(2) ADJUSTMENT FOR INFLATION.—In the case of any debt instrument arising out of a sale or exchange during any cal- endar year after 1989, each dollar amount contained in the preceding provisions of this section shall be increased by an amount equal to— ‘‘(A) such amount, multiplied by ‘‘(B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, by substituting ‘calendar year 1988’ for ‘cal- endar year 2016’ in subparagraph (A)(ii) thereof. Any increase under the preceding sentence shall be rounded to the nearest multiple of $100 (or, if such increase is a multiple of $50, such increase shall be increased to the nearest multiple of $100).’’. (11) Section 4161(b)(2)(C)(i)(II) is amended by striking ‘‘for ‘1992’ in subparagraph (B)’’ and inserting ‘‘for ‘2016’ in subpara- graph (A)(ii)’’. (12) Section 4980I(b)(3)(C)(v)(II) is amended by striking ‘‘for ‘1992’ in subparagraph (B)’’ and inserting ‘‘for ‘2016’ in subparagraph (A)(ii)’’. (13) Section 6039F(d) is amended by striking ‘‘subpara- graph (B) thereof shall be applied by substituting ‘1995’ for ‘1992’ ’’ and inserting ‘‘subparagraph (A)(ii) thereof shall be applied by substituting ‘1995’ for ‘2016’ ’’. (14) Section 7872(g)(5) is amended to read as follows: ‘‘(5) ADJUSTMENT OF LIMIT FOR INFLATION.—In the case of any loan made during any calendar year after 1986, the dollar amount in paragraph (2) shall be increased by an amount equal to— ‘‘(A) such amount, multiplied by ‘‘(B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, by substituting ‘calendar year 1985’ for ‘cal- endar year 2016’ in subparagraph (A)(ii) thereof. Any increase under the preceding sentence shall be rounded to the nearest multiple of $100 (or, if such increase is a multiple 26 USC 911. VerDate Sep 11 2014 10:09 Oct 18, 2018 Jkt 079139 PO 00097 Frm 00010 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL097.115 PUBL097 dkrause on DSKBC28HB2PROD with PUBLAWS