(a) Dollar amounts indexed. The dollar amounts specified in sections
229.10(c)(1)(vii), 229.12(d), 229.13(a), 229.13(b), 229.13(d), and
229.21(a) shall be adjusted effective on July 1, 2020, on July 1,
2025, and on July 1 of every fifth year after 2025, in accordance
with the procedure set forth in paragraph (b) of this section using
the Consumer Price Index for Urban Wage Earners and Clerical Workers
(CPI-W), as published by the Bureau of Labor Statistics.
(b) Indexing procedure.
(1) Inflation measurement periods. For dollar amount adjustments
that are effective on July 1, 2020, the inflation measurement period
begins in July 2011 and ends in July 2018. For dollar amount adjustments
that are effective on July 1, 2025, the inflation measurement period
begins in July 2018 and ends in July 2023. For dollar amount adjustments
that are effective on July 1 of every fifth year after 2025, the inflation
measurement period begins in July of every fifth year after 2018 and
ends in July of every fifth year after 2023. Following each inflation
measurement period, the dollar amount adjustments will be published
in the Federal Register.
(2) Percentage
change. Any dollar amount adjustment under this section shall
be calculated across an inflation measurement period by the aggregate
percentage change in the CPI-W, including both positive and negative
percentage changes. The aggregate percentage change over the inflation
measurement period will be rounded to one decimal place, using the
CPI-W value for July (which is generally released by the Bureau of
Labor Statistics in August).
(3) Adjustment
amount. The adjustment amount for each dollar amount listed in
paragraph (a) of this section shall be equal to the aggregate percentage
change multiplied by the existing dollar amount listed in paragraph
(c) of this section and rounded to the nearest multiple of $25. The
adjusted dollar amount will be equal to the sum of the existing dollar
amount and the adjustment amount. No dollar adjustment will be made
when the aggregate percentage change is zero or a negative percentage
change, or when the aggregate percentage change multiplied by the
existing dollar amount listed in paragraph (c) and rounded to the
nearest multiple of $25 results in no change.
(4) Carry-forward. When there is an aggregate negative percentage change over an inflation
measurement period, or when an aggregate positive percentage change
over an inflation measurement period multiplied by the existing dollar
amount listed in paragraph (c) of this section and rounded to the
nearest multiple of $25 results in no change, the aggregate percentage
change over the inflation measurement period will be included in the
calculation to determine the percentage change at the end of the subsequent
inflation measurement period. That is, the cumulative change in the
CPI-W over the two (or more) inflation measurement periods will be
used in the calculation until the cumulative change results in publication
of an adjusted dollar amount in the regulation.
(c) Amounts.
(1) For purposes of section 229.10(c)(1)(vii),
the dollar amount in effect during a particular period is the amount
stated in this paragraph (c)(1) for that period.
(i) Prior
to July 21, 2011, the amount is $100.
(ii) From July 21, 2011, through June
30, 2020, by operation of section 603(a)(2)(D) of the EFA Act (12
U.S.C. 4002(a)(2)(D)) the amount is $200.
(iii) From July 1, 2020, through June
30, 2025, the amount is $225.
(iv) Effective July 1, 2025, the amount
is $275.
(2) For purposes of section 229.12(d), the dollar amount in effect
during a particular period is the amount stated in this paragraph
(c)(2) for that period.
(i) Prior to July 1, 2020, the amount
is $400.
(ii) From
July 1, 2020, through June 30, 2025, the amount is $450.
(iii) Effective July 1,
2025, the amount is $550.
(3) For purposes of section 229.13(a),
(b), and (d), the dollar amount in effect during a particular period
is the amount stated in this paragraph (c)(3) for that period.
(i) Prior to July 1, 2020, the amount is $5,000.
(ii) From July 1, 2020, through June
30, 2025, the amount is $5,525.
(iii) Effective July 1, 2025, the amount
is $6,725.
(4) For purposes of section 229.21(a), the dollar amounts in effect
during a particular period are the amounts stated in this paragraph
(c)(4) for the period.
(i) Prior to July 1, 2020, the amounts
are $100, $1,000, and $500,000 respectively.
(ii) From July 1, 2020, through June
30, 2025, the amounts are $100, $1,100, and $552,500 respectively.
(iii) Effective July
1, 2025, the amounts are $125, $1,350, and $672,950 respectively.
