; minimum amount Section 42(h)(3) of the Internal Revenue Code of 1986 is amended by striking subparagraphs (H) and (I) and inserting the following: (H) Per capita amount For purposes of subparagraph (C)(ii)(I), the per capita amount shall be determined as follows: (i) Calendar year 2023 For calendar year, 2023, the per capita amount is $3.90. (ii) Calendar year 2024 For calendar year 2024, the per capita amount is the product of— (I) 1.25, and (II) the dollar amount under clause (i) increased by an amount equal to— (aa) such dollar amount, multiplied by (bb) the cost-of-living adjustment determined under section 1(f)(3) for such calendar year, determined by substituting calendar year 2022 for calendar year 2016 in subparagraph (A)(ii) thereof. If the amount determined after application of the preceding sentence is not a multiple of $5,000, such amount shall be rounded to the next lowest multiple of $5,000. (iii) Calendar years after 2024 In the case of any calendar year after 2024, the per capita amount is the dollar amount determined under clause (ii) 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 such calendar year, determined by substituting calendar year 2023 for calendar year 2016 in subparagraph (A)(ii) thereof. Any amount increased under the preceding sentence which is not a multiple of 5 cents shall be rounded to the next lowest multiple of 5 cents. (I) Minimum amount For purposes of subparagraph (C)(ii)(II), the minimum amount shall be determined as follows: (i) Calendar year 2023 For calendar year, 2023, the minimum amount is $4,495,000. (ii) Calendar year 2024 For calendar year 2024, the minimum amount is the product of— (I) 1.25, and (II) the dollar amount under clause (i) increased by an amount equal to— (aa) such dollar amount, multiplied by (bb) the cost-of-living adjustment determined under section 1(f)(3) for such calendar year, determined by substituting calendar year 2022 for calendar year 2016 in