policyengine-us 1.358.0__py3-none-any.whl → 1.359.1__py3-none-any.whl

policyengine_us/parameters/gov/states/vt/tax/income/agi/retirement_income_exemption/military_retirement/amount.yaml

@@ -15,7 +15,9 @@ metadata:
      # Legal code specifies maximum amount at $10,000. Effective date unknown
     - title: Legal Code Titl. 32 V.S.A. § 5830e(b)(1)(B), (b)(2)(B),(c),(d)
       href: https://legislature.vermont.gov/statutes/section/32/151/05830e
+    - title: BILL AS INTRODUCED AND PASSED BY SENATE AND HOUSE
+      href: https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0051/S-0051%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf#page=9
 values:
   # The other retirement systems are included in the retirement income exemption in 2022
   2021-01-01: 0 
-  2022-01-01: 10_000 
+  2022-01-01: 10_000

policyengine_us/parameters/gov/states/vt/tax/income/agi/retirement_income_exemption/military_retirement/full_exemption_threshold.yaml

@@ -0,0 +1,11 @@
+description: Vermont fully exempts military pensions from state taxation for households with adjusted gross income below this threshold.
+metadata:
+  label: Vermont military pension full exemption AGI threshold
+  period: year
+  unit: currency-USD
+  reference:
+    - title: Vermont Legislature S.51 Bill Status
+      href: https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0051/S-0051%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf#page=10
+values:
+  2015-01-01: .inf  # No income-based exemption before 2025
+  2025-01-01: 125_000

policyengine_us/parameters/gov/states/vt/tax/income/agi/retirement_income_exemption/military_retirement/income_based_structure/in_effect.yaml

@@ -0,0 +1,11 @@
+description: Vermont implements an income-based military pension exemption structure, if this is true.
+metadata:
+  label: Vermont military pension income-based exemption structure in effect
+  period: year
+  unit: bool
+  reference:
+    - title: S.51 (2025) - Vermont tax credit package
+      href: https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0051/S-0051%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf#page=10
+values:
+  2021-01-01: false
+  2025-01-01: true

policyengine_us/parameters/gov/states/vt/tax/income/agi/retirement_income_exemption/military_retirement/partial_exemption_threshold.yaml

@@ -0,0 +1,11 @@
+description: Vermont partially exempts military pensions from state taxation for households with adjusted gross income below this threshold.
+metadata:
+  label: Vermont military pension partial exemption AGI threshold
+  period: year
+  unit: currency-USD
+  reference:
+    - title: Vermont Legislature S.51 Bill Status
+      href: https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0051/S-0051%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf#page=10
+values:
+  2015-01-01: .inf  # No income-based exemption before 2025
+  2025-01-01: 175_000

policyengine_us/parameters/gov/states/vt/tax/income/agi/retirement_income_exemption/social_security/reduction/end.yaml

@@ -17,18 +17,25 @@ metadata:
      # Legal code specifies inflation unadjusted thresholds
     - title: Legal Code Titl. 32 V.S.A. § 5830e(a)(1)(C), (a)(2)(C) 
       href: https://legislature.vermont.gov/statutes/section/32/151/05830e
+    - title: S.51 (2025) - Vermont tax credit package raises thresholds by $5,000
+      href: https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0051/S-0051%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf#page=7
 JOINT:
   2021-01-01: 70_000
   2022-01-01: 75_000
+  2025-01-01: 80_000
 HEAD_OF_HOUSEHOLD:
   2021-01-01: 55_000
   2022-01-01: 60_000
+  2025-01-01: 65_000
 SURVIVING_SPOUSE:
   2021-01-01: 55_000
   2022-01-01: 60_000
+  2025-01-01: 65_000
 SINGLE:
   2021-01-01: 55_000
   2022-01-01: 60_000
+  2025-01-01: 65_000
 SEPARATE:
   2021-01-01: 55_000
   2022-01-01: 60_000
+  2025-01-01: 65_000

policyengine_us/parameters/gov/states/vt/tax/income/agi/retirement_income_exemption/social_security/reduction/start.yaml

@@ -17,18 +17,25 @@ metadata:
      # Legal code specify reduction threshold at $50,000 for non filing jointly filer and at $65,000 for filing jointly filer. Date unknown.
     - title: Legal Code Titl. 32 V.S.A. § 5830e(a)(1)(B), (a)(2)(B)
       href: https://legislature.vermont.gov/statutes/section/32/151/05830e
+    - title: S.51 (2025) - Vermont tax credit package raises thresholds by $5,000
+      href: https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0051/S-0051%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf#page=7
 JOINT:
   2021-01-01: 60_000
   2022-01-01: 65_000
+  2025-01-01: 70_000
 HEAD_OF_HOUSEHOLD:
   2021-01-01: 45_000
   2022-01-01: 50_000
+  2025-01-01: 55_000
 SURVIVING_SPOUSE:
   2021-01-01: 45_000
   2022-01-01: 50_000
+  2025-01-01: 55_000
 SINGLE:
   2021-01-01: 45_000
   2022-01-01: 50_000
+  2025-01-01: 55_000
 SEPARATE:
   2021-01-01: 45_000
   2022-01-01: 50_000
+  2025-01-01: 55_000

policyengine_us/parameters/gov/states/vt/tax/income/credits/ctc/age_limit.yaml

@@ -1,6 +1,7 @@
 description: Vermont limits its Child Tax Credit to children this age or younger.
 values:
   2022-01-01: 5
+  2025-01-01: 6
 metadata:
   unit: year
   label: Vermont CTC age limit
@@ -15,3 +16,5 @@ metadata:
       href: https://tax.vermont.gov/sites/tax/files/documents/Income-Booklet-2023.pdf#page=33
     - title: Vt. 2024 Income Tax Return Booklet
       href: https://tax.vermont.gov/sites/tax/files/documents/Income%20Booklet-2024.pdf#page=33
+    - title: S.51 (2025) - Vermont tax credit package extends CTC to 6-year-olds
+      href: https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0051/S-0051%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf#page=6

policyengine_us/parameters/gov/states/vt/tax/income/credits/eitc/enhanced_structure/in_effect.yaml

@@ -0,0 +1,13 @@
+description: Vermont implements the enhanced earned income tax credit for workers without children, if this is true.
+metadata:
+  label: Vermont enhanced EITC in effect
+  period: year
+  unit: bool
+  reference:
+    - title: S.51 (2025) - Vermont tax credit package
+      href: https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0051/S-0051%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf#page=7
+    - title: Vermont Legislature S.51 Bill Status
+      href: https://legislature.vermont.gov/bill/status/2026/S.51
+values:
+  2021-01-01: false
+  2025-01-01: true

policyengine_us/parameters/gov/states/vt/tax/income/credits/eitc/enhanced_structure/rate.yaml

@@ -0,0 +1,21 @@
+description: Vermont enhanced EITC match rate based on number of child dependents.
+metadata:
+  type: single_amount
+  threshold_unit: person
+  amount_unit: /1
+  period: year
+  label: Vermont enhanced EITC rate
+  reference:
+    - title: S.51 (2025) - Vermont tax credit package, enhanced EITC for workers without children
+      href: https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0051/S-0051%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf#page=7
+    - title: Vermont Legislature S.51 Bill Status
+      href: https://legislature.vermont.gov/bill/status/2026/S.51
+brackets:
+  - threshold:
+      2025-01-01: 0
+    amount:
+      2025-01-01: 1.0  # 100% match for workers without children
+  - threshold:
+      2025-01-01: 1
+    amount:
+      2025-01-01: 0.38  # Standard match rate for workers with children

policyengine_us/parameters/gov/states/vt/tax/income/credits/refundable.yaml

@@ -1,4 +1,4 @@
-description: Vermont refundable tax credits.
+description: Vermont provides these tax credits as refundable credits.
 metadata:
   unit: list
   label: Vermont refundable tax credits
@@ -11,6 +11,8 @@ metadata:
       href: https://tax.vermont.gov/sites/tax/files/documents/IN-112-2023.pdf#page=2
     - title: 2024 Form IN-112 Vermont Tax Adjustments and Credits
       href: https://tax.vermont.gov/sites/tax/files/documents/IN-112-2024.pdf#page=2
+    - title: S.51 (2025) - Vermont tax credit package adds veteran tax credit
+      href: https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0051/S-0051%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf#page=11
 values:
   2021-01-01:
     - vt_eitc
@@ -19,3 +21,8 @@ values:
     - vt_eitc
     - vt_cdcc
     - vt_ctc
+  2025-01-01:
+    - vt_eitc
+    - vt_cdcc
+    - vt_ctc
+    - vt_veteran_tax_credit

policyengine_us/parameters/gov/states/vt/tax/income/credits/veteran/amount.yaml

@@ -0,0 +1,11 @@
+description: Vermont provides this amount as a tax credit for eligible veterans.
+metadata:
+  label: Vermont veteran tax credit amount
+  period: year
+  unit: currency-USD
+  reference:
+    - title: Vermont Legislature S.51 Bill Status
+      href: https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0051/S-0051%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf#page=11
+values:
+  2000-01-01: 0
+  2025-01-01: 250

policyengine_us/parameters/gov/states/vt/tax/income/credits/veteran/full_credit_threshold.yaml

@@ -0,0 +1,11 @@
+description: Vermont provides the full veteran tax credit for filers with adjusted gross income below this threshold.
+metadata:
+  label: Vermont veteran tax credit full credit threshold
+  period: year
+  unit: currency-USD
+  reference:
+    - title: Vermont Legislature S.51 Bill Status
+      href: https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0051/S-0051%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf#page=11
+values:
+  2000-01-01: 0
+  2025-01-01: 25_000

policyengine_us/parameters/gov/states/vt/tax/income/credits/veteran/income_increment.yaml

@@ -0,0 +1,11 @@
+description: Vermont veteran tax credit phases out in increments of this dollar amount above the full credit threshold.
+metadata:
+  label: Vermont veteran tax credit income increment
+  period: year
+  unit: currency-USD
+  reference:
+    - title: Vermont Legislature S.51 Bill Status
+      href: https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0051/S-0051%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf#page=11
+values:
+  2000-01-01: 0
+  2025-01-01: 100

policyengine_us/parameters/gov/states/vt/tax/income/credits/veteran/partial_credit_threshold.yaml

@@ -0,0 +1,11 @@
+description: Vermont phases out the veteran tax credit for filers with adjusted gross income above this threshold.
+metadata:
+  label: Vermont veteran tax credit partial credit threshold
+  period: year
+  unit: currency-USD
+  reference:
+    - title: Vermont Legislature S.51 Bill Status
+      href: https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0051/S-0051%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf#page=11
+values:
+  2000-01-01: 0
+  2025-01-01: 30_000

policyengine_us/parameters/gov/states/vt/tax/income/credits/veteran/reduction_per_increment.yaml

@@ -0,0 +1,11 @@
+description: Vermont veteran tax credit is reduced by this dollar amount per income increment above the full credit threshold.
+metadata:
+  label: Vermont veteran tax credit reduction per increment
+  period: year
+  unit: currency-USD
+  reference:
+    - title: Vermont Legislature S.51 Bill Status
+      href: https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0051/S-0051%20As%20Passed%20by%20Both%20House%20and%20Senate%20Official.pdf#page=11
+values:
+  2000-01-01: 0
+  2025-01-01: 5

policyengine_us/tests/policy/baseline/gov/states/vt/tax/income/agi/subtractions/vt_military_retirement_pay_exclusion.yaml

@@ -52,3 +52,58 @@
         state_code: VT
   output:
     vt_military_retirement_pay_exclusion: 4_000
+
+# S.51 (2025) tests for new income-based exemption system
+- name: S.51 - Full exemption below $125k AGI
+  period: 2025
+  input:
+    people:
+      person1:
+        military_retirement_pay: 25_000
+    tax_units:
+      tax_unit:
+        members: [person1]
+        filing_status: SINGLE
+        adjusted_gross_income: 100_000
+    households:
+      household:
+        members: [person1]
+        state_code: VT
+  output:
+    vt_military_retirement_pay_exclusion: 25_000
+
+- name: S.51 - Partial exemption at $150k AGI (50% of military pay)
+  period: 2025
+  input:
+    people:
+      person1:
+        military_retirement_pay: 20_000
+    tax_units:
+      tax_unit:
+        members: [person1]
+        filing_status: SINGLE
+        adjusted_gross_income: 150_000
+    households:
+      household:
+        members: [person1]
+        state_code: VT
+  output:
+    vt_military_retirement_pay_exclusion: 10_000
+
+- name: S.51 - No exemption above $175k AGI
+  period: 2025
+  input:
+    people:
+      person1:
+        military_retirement_pay: 30_000
+    tax_units:
+      tax_unit:
+        members: [person1]
+        filing_status: SINGLE
+        adjusted_gross_income: 200_000
+    households:
+      household:
+        members: [person1]
+        state_code: VT
+  output:
+    vt_military_retirement_pay_exclusion: 0

policyengine_us/tests/policy/baseline/gov/states/vt/tax/income/agi/subtractions/vt_retirement_income_exemption.yaml

@@ -127,3 +127,56 @@
     state_code: VT
   output:
     vt_retirement_income_exemption: 2_500  # Partial qualified 10,000*0.25
+
+# S.51 (2025) tests for raised Social Security thresholds
+- name: S.51 - Social Security exemption fully qualified single at $54k AGI (2025)
+  period: 2025
+  input:
+    filing_status: SINGLE
+    adjusted_gross_income: 54_000
+    tax_unit_taxable_social_security: 1_000
+    vt_military_retirement_pay_exclusion: 0
+    vt_csrs_retirement_pay_exclusion: 0
+    vt_retirement_income_exemption_eligible: True
+    state_code: VT
+  output:
+    vt_retirement_income_exemption: 1_000  # Fully qualified (below $55k threshold)
+
+- name: S.51 - Social Security exemption partially qualified single at $60k AGI (2025)
+  period: 2025
+  input:
+    filing_status: SINGLE
+    adjusted_gross_income: 60_000
+    tax_unit_taxable_social_security: 1_000
+    vt_military_retirement_pay_exclusion: 0
+    vt_csrs_retirement_pay_exclusion: 0
+    vt_retirement_income_exemption_eligible: True
+    state_code: VT
+  output:
+    vt_retirement_income_exemption: 500  # Partial qualified (halfway between $55k and $65k)
+
+- name: S.51 - Social Security exemption fully qualified joint at $69k AGI (2025)
+  period: 2025
+  input:
+    filing_status: JOINT
+    adjusted_gross_income: 69_000
+    tax_unit_taxable_social_security: 1_000
+    vt_military_retirement_pay_exclusion: 0
+    vt_csrs_retirement_pay_exclusion: 0
+    vt_retirement_income_exemption_eligible: True
+    state_code: VT
+  output:
+    vt_retirement_income_exemption: 1_000  # Fully qualified (below $70k threshold)
+
+- name: S.51 - Social Security exemption partially qualified joint at $75k AGI (2025)
+  period: 2025
+  input:
+    filing_status: JOINT
+    adjusted_gross_income: 75_000
+    tax_unit_taxable_social_security: 1_000
+    vt_military_retirement_pay_exclusion: 0
+    vt_csrs_retirement_pay_exclusion: 0
+    vt_retirement_income_exemption_eligible: True
+    state_code: VT
+  output:
+    vt_retirement_income_exemption: 500  # Partial qualified (halfway between $70k and $80k)

policyengine_us/tests/policy/baseline/gov/states/vt/tax/income/credits/vt_ctc.yaml

@@ -53,3 +53,40 @@
     adjusted_gross_income: 150_000
   output:
     vt_ctc: 500
+
+# S.51 (2025) tests for expanded age eligibility
+- name: S.51 - CTC includes 6-year-olds starting 2025
+  period: 2025
+  input:
+    state_code: VT
+    age: 6
+    adjusted_gross_income: 50_000
+  output:
+    vt_ctc: 1_000
+
+- name: S.51 - CTC still applies to 5-year-olds in 2025
+  period: 2025
+  input:
+    state_code: VT
+    age: 5
+    adjusted_gross_income: 50_000
+  output:
+    vt_ctc: 1_000
+
+- name: S.51 - CTC does not apply to 7-year-olds in 2025
+  period: 2025
+  input:
+    state_code: VT
+    age: 7
+    adjusted_gross_income: 50_000
+  output:
+    vt_ctc: 0
+
+- name: S.51 - CTC did not include 6-year-olds before 2025
+  period: 2024
+  input:
+    state_code: VT
+    age: 6
+    adjusted_gross_income: 50_000
+  output:
+    vt_ctc: 0

policyengine_us/tests/policy/baseline/gov/states/vt/tax/income/credits/vt_veteran_tax_credit.yaml

@@ -0,0 +1,151 @@
+- name: S.51 - Veteran tax credit full amount below $25k AGI
+  period: 2025
+  input:
+    people:
+      person1:
+        age: 45
+        is_veteran: true
+    tax_units:
+      tax_unit:
+        members: [person1]
+        filing_status: SINGLE
+        adjusted_gross_income: 20_000
+    households:
+      household:
+        members: [person1]
+        state_code: VT
+  output:
+    vt_veteran_tax_credit: 250
+
+- name: S.51 - Veteran tax credit at $25.1k AGI (first $100 increment)
+  period: 2025
+  input:
+    people:
+      person1:
+        age: 45
+        is_veteran: true
+    tax_units:
+      tax_unit:
+        members: [person1]
+        filing_status: SINGLE
+        adjusted_gross_income: 25_100
+    households:
+      household:
+        members: [person1]
+        state_code: VT
+  output:
+    vt_veteran_tax_credit: 245  # $250 - $5 for first $100 increment
+
+- name: S.51 - Veteran tax credit at $26k AGI (10 increments)
+  period: 2025
+  input:
+    people:
+      person1:
+        age: 45
+        is_veteran: true
+    tax_units:
+      tax_unit:
+        members: [person1]
+        filing_status: SINGLE
+        adjusted_gross_income: 26_000
+    households:
+      household:
+        members: [person1]
+        state_code: VT
+  output:
+    vt_veteran_tax_credit: 200  # $250 - (10 * $5) = $200
+
+- name: S.51 - Veteran tax credit at $27.5k AGI (25 increments)
+  period: 2025
+  input:
+    people:
+      person1:
+        age: 45
+        is_veteran: true
+    tax_units:
+      tax_unit:
+        members: [person1]
+        filing_status: SINGLE
+        adjusted_gross_income: 27_500
+    households:
+      household:
+        members: [person1]
+        state_code: VT
+  output:
+    vt_veteran_tax_credit: 125  # $250 - (25 * $5) = $125
+
+- name: S.51 - Veteran tax credit at $29k AGI (40 increments)
+  period: 2025
+  input:
+    people:
+      person1:
+        age: 45
+        is_veteran: true
+    tax_units:
+      tax_unit:
+        members: [person1]
+        filing_status: SINGLE
+        adjusted_gross_income: 29_000
+    households:
+      household:
+        members: [person1]
+        state_code: VT
+  output:
+    vt_veteran_tax_credit: 50  # $250 - (40 * $5) = $50
+
+- name: S.51 - Veteran tax credit no amount above $30k AGI
+  period: 2025
+  input:
+    people:
+      person1:
+        age: 45
+        is_veteran: true
+    tax_units:
+      tax_unit:
+        members: [person1]
+        filing_status: SINGLE
+        adjusted_gross_income: 35_000
+    households:
+      household:
+        members: [person1]
+        state_code: VT
+  output:
+    vt_veteran_tax_credit: 0
+
+- name: S.51 - No veteran tax credit for non-veterans
+  period: 2025
+  input:
+    people:
+      person1:
+        age: 45
+        is_veteran: false
+    tax_units:
+      tax_unit:
+        members: [person1]
+        filing_status: SINGLE
+        adjusted_gross_income: 20_000
+    households:
+      household:
+        members: [person1]
+        state_code: VT
+  output:
+    vt_veteran_tax_credit: 0
+
+- name: S.51 - No veteran tax credit before 2025
+  period: 2024
+  input:
+    people:
+      person1:
+        age: 45
+        is_veteran: true
+    tax_units:
+      tax_unit:
+        members: [person1]
+        filing_status: SINGLE
+        adjusted_gross_income: 20_000
+    households:
+      household:
+        members: [person1]
+        state_code: VT
+  output:
+    vt_veteran_tax_credit: 0

policyengine_us/tests/policy/baseline/gov/states/vt/tax/income/vt_eitc.yaml

@@ -21,3 +21,42 @@
     state_code: VT
   output: 
     vt_eitc: 720
+
+# S.51 (2025) tests for enhanced EITC for workers without children
+- name: S.51 - EITC for workers with children remains 38% in 2025
+  period: 2025
+  input:
+    people:
+      parent:
+        age: 35
+      child:
+        age: 10
+    tax_units:
+      tax_unit:
+        members: [parent, child]
+        filing_status: SINGLE
+        eitc: 1_000
+    households:
+      household:
+        members: [parent, child]
+        state_code: VT
+  output:
+    vt_eitc: 380
+
+- name: S.51 - EITC for workers without children becomes 100% in 2025
+  period: 2025
+  input:
+    people:
+      worker:
+        age: 35
+    tax_units:
+      tax_unit:
+        members: [worker]
+        filing_status: SINGLE
+        eitc: 600
+    households:
+      household:
+        members: [worker]
+        state_code: VT
+  output:
+    vt_eitc: 600