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131 STAT. 2084 PUBLIC LAW 115–97—DEC. 22, 2017 withholding allowance to which the employee will be, or may reasonably be expected to be, entitled at the beginning of the employee’s next taxable year under subtitle A is different from the allowance to which the employee is enti- tled on such day, the employee shall, in such cases and at such times as the Secretary shall by regulations pre- scribe, furnish the employer with a withholding allowance certificate relating to the withholding allowance which the employee claims with respect to such next taxable year, which shall in no event exceed the withholding allowance to which the employee will be, or may reasonably be expected to be, so entitled.’’. (C) Subsections (b)(1), (b)(2), (f)(3), (f)(4), (f)(5), (f)(7) (including the heading thereof), (g)(4), (l)(1), (l)(2), and (n) of section 3402 are each amended by striking ‘‘exemption’’ each place it appears and inserting ‘‘allowance’’. (D) The heading of section 3402(f) is amended by striking ‘‘EXEMPTIONS’’ and inserting ‘‘ALLOWANCE’’. (E) Section 3402(m) is amended by striking ‘‘additional withholding allowances or additional reductions in with- holding under this subsection. In determining the number of additional withholding allowances’’ and inserting ‘‘an additional withholding allowance or additional reductions in withholding under this subsection. In determining the additional withholding allowance’’. (F) Paragraphs (3) and (4) of section 3405(a) (and the heading for such paragraph (4)) are each amended by striking ‘‘exemption’’ each place it appears and inserting ‘‘allowance’’. (G) Section 3405(a)(4) is amended by striking ‘‘shall be determined’’ and all that follows through ‘‘3 withholding exemptions’’ and inserting ‘‘shall be determined under rules prescribed by the Secretary’’. (d) EXCEPTION FOR DETERMINING PROPERTY EXEMPT FROM LEVY.—Section 6334(d) is amended by adding at the end the fol- lowing new paragraph: ‘‘(4) YEARS WHEN PERSONAL EXEMPTION AMOUNT IS ZERO.— ‘‘(A) IN GENERAL.—In the case of any taxable year in which the exemption amount under section 151(d) is zero, paragraph (2) shall not apply and for purposes of paragraph (1) the term ‘exempt amount’ means an amount equal to— ‘‘(i) the sum of the amount determined under subparagraph (B) and the standard deduction, divided by ‘‘(ii) 52. ‘‘(B) AMOUNT DETERMINED.—For purposes of subpara- graph (A), the amount determined under this subparagraph is $4,150 multiplied by the number of the taxpayer’s dependents for the taxable year in which the levy occurs. ‘‘(C) INFLATION ADJUSTMENT.—In the case of any tax- able year beginning in a calendar year after 2018, the $4,150 amount in subparagraph (B) shall be increased by an amount equal to— ‘‘(i) such dollar amount, multiplied by ‘‘(ii) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which 26 USC 3405. VerDate Sep 11 2014 10:09 Oct 18, 2018 Jkt 079139 PO 00097 Frm 00032 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL097.115 PUBL097 dkrause on DSKBC28HB2PROD with PUBLAWS