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131 STAT. 2056 PUBLIC LAW 115–97—DEC. 22, 2017 ‘‘If taxable income is: The tax is: Over $300,000 ................................................. $80,689.50, plus 37% of the excess over $300,000. ‘‘(E) ESTATES AND TRUSTS.—The following table shall be applied in lieu of the table contained in subsection (e): ‘‘If taxable income is: The tax is: Not over $2,550 ............................................... 10% of taxable income. Over $2,550 but not over $9,150 .................... $255, plus 24% of the excess over $2,550. Over $9,150 but not over $12,500 .................. $1,839, plus 35% of the excess over $9,150. Over $12,500 ................................................... $3,011.50, plus 37% of the excess over $12,500. ‘‘(F) REFERENCES TO RATE TABLES.—Any reference in this title to a rate of tax under subsection (c) shall be treated as a reference to the corresponding rate bracket under subparagraph (C) of this paragraph, except that the reference in section 3402(q)(1) to the third lowest rate of tax applicable under subsection (c) shall be treated as a reference to the fourth lowest rate of tax under subpara- graph (C). ‘‘(3) ADJUSTMENTS.— ‘‘(A) NO ADJUSTMENT IN 2018.—The tables contained in paragraph (2) shall apply without adjustment for taxable years beginning after December 31, 2017, and before January 1, 2019. ‘‘(B) SUBSEQUENT YEARS.—For taxable years beginning after December 31, 2018, the Secretary shall prescribe tables which shall apply in lieu of the tables contained in paragraph (2) in the same manner as under paragraphs (1) and (2) of subsection (f) (applied without regard to clauses (i) and (ii) of subsection (f)(2)(A)), except that in prescribing such tables— ‘‘(i) subsection (f)(3) shall be applied by sub- stituting ‘calendar year 2017’ for ‘calendar year 2016’ in subparagraph (A)(ii) thereof, ‘‘(ii) subsection (f)(7)(B) shall apply to any unmarried individual other than a surviving spouse or head of household, and ‘‘(iii) subsection (f)(8) shall not apply. ‘‘(4) SPECIAL RULES FOR CERTAIN CHILDREN WITH UNEARNED INCOME.— ‘‘(A) IN GENERAL.—In the case of a child to whom subsection (g) applies for the taxable year, the rules of subparagraphs (B) and (C) shall apply in lieu of the rule under subsection (g)(1). ‘‘(B) MODIFICATIONS TO APPLICABLE RATE BRACKETS.— In determining the amount of tax imposed by this section for the taxable year on a child described in subparagraph (A), the income tax table otherwise applicable under this subsection to the child shall be applied with the following modifications: VerDate Sep 11 2014 10:09 Oct 18, 2018 Jkt 079139 PO 00097 Frm 00004 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL097.115 PUBL097 dkrause on DSKBC28HB2PROD with PUBLAWS