; and (4) in the penultimate proviso by striking and 2013 and inserting through 2016 . (b) Applicability The amendments made by subsection (a) shall apply only to any amounts that are made available for fiscal year 2014 or any fiscal year thereafter for carrying out the demonstration program established under the heading referred to in subsection (a). B Hire For a Second Chance Act 111. Short title This subtitle may be cited as the Hire For a Second Chance Act of 2018 . 112. Extension and modification of work opportunity tax credit (a) Credit made permanent Section 51(c) of the Internal Revenue Code of 1986 is amended by striking paragraph (4) and redesignating paragraph (5) as paragraph (4). (b) Increase in wage limitation for ex-Felons (1) Limitation on wages taken into account Section 51(b)(3) of such Code is amended— (A) by striking subsection (d)(3)(A)(iv), and and inserting subsection (d)(3)(A)(iv), , and (B) by striking subsection (d)(3)(A)(ii)(II)) and inserting subsection (d)(3)(A)(ii)(II), and $14,000 in the case of any individual who is an ex-felon by reason of subsection (d)(4)) . (2) Inflation adjustment Section 51(b) of such Code is amended by adding at the end the following: (4) Adjustment for inflation In the case of any taxable year beginning after 2016, the $14,000 dollar amount contained in paragraph (3) relating to ex-felons shall be increased by an amount equal to the product of— (A) such dollar amount, and (B) the cost of living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins determined by substituting calendar year 2015 for calendar year 1992 in subparagraph (B) thereof. If any increase determined under the preceding sentence is not a multiple of $50, such increase shall be rounded to the next lowest multiple of $50. . (c) Qualified ex-Felon Section 51(d)(4)(B) of such Code is amended by striking 1 year and inserting 3 years . (d) Effective date The amendments made by this section shall apply to individuals who begin work for the employer