under this chapter to a partnership or to any partner of the partnership for any amounts paid or incurred to promote the sale of (or to sell) an interest in the partnership. . (B) The item relating to section 709 in the table of sections for part I of subchapter K of chapter 1 is amended by striking organization and . (d) Clerical amendments (1) The heading of section 195 is amended by striking expenditures and inserting and organizational expenditures . (2) The item relating to section 195 in the table of contents of part VI of subchapter B of chapter 1 is amended to read as follows: Sec. 195. Start-up and organizational expenditures. . (e) Effective date The amendments made by this section shall apply to elections which first take effect for taxable years beginning after December 31, 2017. II Accounting methods 201. Modifications of gross receipts test for use of cash method of accounting by corporations and partnerships (a) Modifications of gross receipts test (1) In general So much of section 448(c) as precedes paragraph (2) is amended to read as follows: (c) Gross receipts test (1) In general A corporation or partnership meets the gross receipts test of this subsection for any taxable year if the average annual gross receipts of such entity for the 3-taxable-year period ending with the taxable year which precedes such taxable year does not exceed the applicable dollar limit. . (2) Applicable dollar limit Subsection (c) of section 448 is amended by adding at the end the following new paragraph: (4) Applicable dollar limit (A) In general The applicable dollar limit is $15,000,000. (B) Adjustment for inflation In the case of any taxable year beginning after December 31, 2018, the $15,000,000 amount under subparagraph (A) shall be increased by an amount equal to— (i) such dollar amount, multiplied by (ii) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, by substituting calendar year 2017 for calendar year 1992 in subparagraph (B) thereof. If