The fee starts at $275 and a quarter is kept by the agency
What the document says“For fiscal year 2025, the amount specified in this subsection shall be the greater of--”
The section sets the amount for fiscal year 2025 at the greater of $275 or what the Secretary sets by rule, rising each year from fiscal year 2026 with the Consumer Price Index for All Urban Consumers, rounded to the next lowest multiple of $10. A quarter of the money is credited to U.S. Citizenship and Immigration Services, deposited into the Immigration Examinations Fee Account and kept and spent without further appropriation, and the rest goes into the general fund of the Treasury. The fee may not be waived or reduced.
What the document actually says“For fiscal year 2025, the amount specified in this subsection shall be the greater of--”
The amount for fiscal year 2025 is the higher of two figures. They follow below.
One is $275. The other is what the agency sets by rule. A quarter of what comes in is kept.
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