the calendar year in which the taxable year begins, by substituting calendar year 2017 for calendar year 2016 in subparagraph (A)(ii) thereof. If any amount as increased under the preceding sentence is not a multiple of $1,000,000, such amount shall be rounded to the nearest multiple of $1,000,000. . (4) Coordination with section 481 Section 448(d)(7) is amended to read as follows: (7) Coordination with section 481 Any change in method of accounting made pursuant to this section shall be treated for purposes of section 481 as initiated by the taxpayer and made with the consent of the Secretary. . (5) Application of exception to corporations engaged in farming (A) In general Section 447(c) is amended— (i) by inserting for any taxable year after not being a corporation in the matter preceding paragraph (1), and (ii) by amending paragraph (2) to read as follows: (2) a corporation which meets the gross receipts test of section 448(c) for such taxable year. . (B) Coordination with section 481 Section 447(f) is amended to read as follows: (f) Coordination with section 481 Any change in method of accounting made pursuant to this section shall be treated for purposes of section 481 as initiated by the taxpayer and made with the consent of the Secretary. . (C) Conforming amendments Section 447 is amended— (i) by striking subsections (d), (e), (h), and (i), and (ii) by redesignating subsections (f) and (g) (as amended by subparagraph (B)) as subsections (d) and (e), respectively. (b) Exemption from UNICAP requirements (1) In general Section 263A is amended by redesignating subsection (i) as subsection (j) and by inserting after subsection (h) the following new subsection: (i) Exemption for certain small businesses (1) In general In the case of any taxpayer (other than a tax shelter prohibited from using the cash receipts and disbursements method of accounting under section 448(a)(3)) which meets the gross receipts test of section 448(c) for any taxable year, this section shall not apply with respect to such taxpayer for