(1) which is not a multiple of $50 shall be rounded to the next lowest multiple of $50. . (b) Increase in gross receipts limitation Section 44(b)(1)(A) of such Code is amended by striking $1,000,000 and inserting $2,500,000 . (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2017. 5014. Reporting requirements for certain small business concerns Section 15(h)(2)(E) of the Small Business Act ( 15 U.S.C. 644(h)(2)(E) ) is amended— (1) in clause (i)— (A) in subclause (III), by striking and at the end