is hereby imposed a fee in an amount equal to the applicable amount per ton of carbon dioxide emitted— (A) from any facility which— (i) is required to report emissions, or to which emissions are attributed, under subpart A of part 98 of title 40, Code of Federal Regulations, as in effect on the date of the enactment of the American Opportunity Carbon Fee Act of 2017 , and (ii) emitted not less than 25,000 tons of carbon dioxide emissions during the previous calendar year, and (B) by reason of the combustion or processing of any product other than coal, petroleum products, and natural gas. (b) Applicable amount (1) In general For purposes of this part, the applicable amount is— (A) for calendar year 2018, $49, (B) for any calendar year following a year which is not a national emissions target attainment year, the sum of— (i) the product of the amount in effect under this subparagraph for the preceding calendar year and 102 percent, and (ii) the inflation adjustment amount determined under paragraph (2), and (C) for any calendar year following a year which is a national emissions target attainment year, the sum of— (i) the amount in effect under this subparagraph for the preceding calendar year, and (ii) the inflation adjustment amount determined under paragraph (2). (2) Inflation adjustment amount (A) In general The inflation adjustment amount for any calendar year shall be an amount (not less than zero) equal to the product of— (i) the amount determined under paragraph (1)(B)(i) or (1)(C)(i), as applicable, for such year, and (ii) the percentage by which the CPI for the preceding calendar year exceeds the CPI for the second preceding calendar year. (B) CPI Rules similar to the rules of paragraphs (4) and (5) of section 1(f) shall apply for purposes of this paragraph. (3) Rounding The applicable amount under this subsection shall be rounded up to the next whole dollar amount. (4) National emissions target attainment year For purposes of paragraph (1), a calendar year is a national emissions target attainment year