base amount
(3) Specified matching amount For purposes of this subsection— (A) In general The term “specified matching amount” means, with respect to any calendar year, the lesser of— (i) the excess (if any) of— (I) the cost to Puerto Rico of the earned income tax credit for taxable years beginning in or with such calendar year, over (II) the base amount for such calendar year, or (ii) the product of 3, multiplied by the base amount for such calendar year. (B) Base amount (i) Base amount for 2021 In the case of calendar year 2021, the term “base amount” means the greater of— (I) the cost to Puerto Rico of the earned income tax credit for taxable years beginning in or with calendar year 2019 (rounded to the nearest multiple of $1,000,000), or (II) $200,000,000. (ii) Inflation adjustment In the case of any calendar year after 2021, the term “base amount” means the dollar amount determined under clause (i) 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 2020” for “calendar year 2016” in subparagraph (A)(ii) thereof. Any amount determined under this clause shall be rounded to the nearest multiple of $1,000,000.