881, 1441, or 1442, (vi) payments in property to which section 83 applies, and (vii) any other payment identified by the Secretary for purposes of this subparagraph. (C) Receipt For purposes of this subsection, an item of gross income is received by the taxpayer if it is actually or constructively received, or if it is due and payable to the taxpayer. (D) Allocation of transaction price For purposes of this subsection, rules similar to subsection (b)(4) shall apply. . (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2017. (d) Coordination with section 481 (1) In general In the case of any qualified change in method of accounting for the taxpayer’s first taxable year beginning after December 31, 2017— (A) such change shall be treated as initiated by the taxpayer, and (B) such change shall be treated as made with the consent of the Secretary of the Treasury. (2) Qualified change in method of accounting For purposes of this subsection, the term qualified change in method of accounting means any change in method of accounting which— (A) is required by the amendments made by this section, or (B) was prohibited under the Internal Revenue Code of 1986 prior to such amendments and is permitted under such Code after such amendments. IV Business-related exclusions and deductions 13301. Limitation on deduction for interest (a) In general Section 163(j) is amended to read as follows: (j) Limitation on business interest (1) In general The amount allowed as a deduction under this chapter for any taxable year for business interest shall not exceed the sum of— (A) the business interest income of such taxpayer for such taxable year, plus (B) 30 percent of the adjusted taxable income of such taxpayer for such taxable year. The amount determined under subparagraph (B) shall not be less than zero. (2) Carryforward of disallowed business interest The amount of any business interest not allowed as a deduction for any taxable year by reason of paragraph (1) shall be