format, to the extent possible, for employers with less than $5,000,000 in annual gross receipts. (e) Regulations relating to postsecondary credentials Not later than 1 year after the date of the enactment of this Act, the Secretary of Labor, in consultation with the Secretary of the Treasury, shall issue regulations or other guidance applying the definition of the term recognized postsecondary credential as provided in section 3 of the Workforce Innovation and Opportunity Act ( 29 U.S.C. 3102 ). (f) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.