corporation meets the gross receipts test of section 448(c) for the taxable year. . (2) Family corporations Paragraph (2) of section 447(d) is amended— (A) by striking subparagraph (A) and inserting the following: (A) In general In the case of a family corporation, in applying section 448(c) for purposes of paragraph (1)— (i) paragraph (1) of section 448(c) shall be applied by substituting the applicable family corporation limit for the applicable dollar limit, and (ii) the rules of subparagraph (B) shall apply in computing gross receipts. , (B) Clause (i) of section 447(d)(2)(B) is amended by striking the last sentence of paragraph (1) and inserting paragraph (2) of section 448(c) , and (C) by adding at the end the following new subparagraph: (D) Applicable family corporation limit (i) In general The applicable family corporation limit is $25,000,000. (ii) Adjustment for inflation In the case of any taxable year beginning after December 31, 2018, the $25,000,000 amount under clause (i) 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 any amount as increased under the preceding sentence is not a multiple of $1,000, such amount shall be rounded to the nearest multiple of $1,000. . (3) Change in method of accounting Section 447(f) is amended— (A) by striking In the case of and all that follows up to paragraph (1) and inserting: If a taxpayer changes its method of accounting because the taxpayer is required to use an accrual method of accounting by reason of subsection (a) or is no longer required to use such method by reason of such subsection— , and (B) by striking paragraph (2) and inserting: (2) such change shall be treated as initiated by the taxpayer, and . (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31,