policyengine-us 1.372.0__py3-none-any.whl → 1.373.1__py3-none-any.whl

policyengine_us/parameters/gov/irs/income/amt/exemption/phase_out/rate.yaml

@@ -4,5 +4,9 @@ metadata:
   reference:
     - title: 26 U.S. Code § 55 - Alternative minimum tax imposed (d)(2)
       href: https://www.law.cornell.edu/uscode/text/26/55#d_2
+    - title: 26 U.S. Code § 55 - Alternative minimum tax imposed (d)(4)(A)(ii)(IV)
+      href: https://www.law.cornell.edu/uscode/text/26/55#d_4_A_ii_IV
+      # Phaseout rate changed to 50% following the passage of the OBBBA.
 values:
   2013-01-01: 0.25
+  2026-01-01: 0.5

policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/credits/refundable_ctc/pr_refundable_ctc.yaml

@@ -0,0 +1,21 @@
+- name: Basic case
+  period: 2024
+  input:
+    eitc: 2_000
+    uncapped_ssi: 1_000
+    pr_refundable_ctc_social_security_tax: 6_600
+    refundable_ctc: 2_800
+    ctc: 3_000
+  output:
+    pr_refundable_ctc: 3_000
+
+- name: Uncapped SSI below 0
+  period: 2024
+  input:
+    eitc: 1_000
+    uncapped_ssi: -1_000
+    pr_refundable_ctc_social_security_tax: 500
+    refundable_ctc: 2_000
+    ctc: 1_000
+  output:
+    pr_refundable_ctc: 1_000

policyengine_us/variables/gov/territories/pr/tax/income/credits/low_income/pr_low_income_credit_eligible.py

@@ -14,6 +14,6 @@ class pr_low_income_credit_eligible(Variable):
         eligible_people = tax_unit(
             "pr_low_income_credit_eligible_people", period
         )
-        income = tax_unit("pr_gross_income", period)
+        income = tax_unit("pr_gross_income_person", period)
         income_limit = p.income_limit.calc(eligible_people)
         return income <= income_limit

policyengine_us/variables/gov/territories/pr/tax/income/credits/refundable_ctc/pr_refundable_ctc.py

@@ -0,0 +1,34 @@
+from policyengine_us.model_api import *
+
+
+class pr_refundable_ctc(Variable):
+    value_type = float
+    entity = TaxUnit
+    label = "Puerto Rico refundable Child Tax Credit"
+    unit = USD
+    definition_period = YEAR
+    reference = (
+        "https://www.irs.gov/pub/irs-pdf/f1040s8.pdf"
+        "https://www.law.cornell.edu/uscode/text/26/24#h_4_A"
+    )
+
+    # This provision is part of the federal CTC legal code
+    # will will merge the logic with the federal CTC once the puerto income tax structure is completed
+    def formula(tax_unit, period, parameters):
+        # line 24
+        # uncapped_ssi can be below 0
+        ssi = max_(0, add(tax_unit, period, ["uncapped_ssi"]))
+        sum_eitc_ssi = add(tax_unit, period, ["eitc"]) + ssi
+
+        # line 25
+        reduced_ss_tax = max_(
+            0,
+            tax_unit("pr_refundable_ctc_social_security_tax", period)
+            - sum_eitc_ssi,
+        )
+
+        # line 26
+        base_credit = max_(tax_unit("refundable_ctc", period), reduced_ss_tax)
+
+        # line 27
+        return min_(base_credit, tax_unit("ctc", period))

policyengine_us/variables/gov/territories/pr/tax/income/credits/refundable_ctc/pr_refundable_ctc_social_security_tax.py

@@ -0,0 +1,16 @@
+from policyengine_us.model_api import *
+
+
+class pr_refundable_ctc_social_security_tax(Variable):
+    value_type = float
+    entity = TaxUnit
+    label = "Puerto Rico social security and medicare taxes for refundable Child Tax Credit"
+    unit = USD
+    definition_period = YEAR
+    reference = (
+        "https://www.irs.gov/pub/irs-pdf/f1040s8.pdf"
+        "https://www.law.cornell.edu/uscode/text/26/24#h_4_A"
+    )
+
+    # line 23
+    adds = "gov.irs.credits.ctc.refundable.social_security.add"

policyengine_us/variables/gov/territories/pr/tax/income/pr_gross_income_person.py

@@ -4,7 +4,7 @@ from policyengine_us.model_api import *
 class pr_gross_income_person(Variable):
     value_type = float
     entity = Person
-    label = "Puerto Rico gross income person"
+    label = "Puerto Rico gross income"
     unit = USD
     definition_period = YEAR
     defined_for = StateCode.PR

{policyengine_us-1.372.0.dist-info → policyengine_us-1.373.1.dist-info}/METADATA

@@ -1,6 +1,6 @@
 Metadata-Version: 2.4
 Name: policyengine-us
-Version: 1.372.0
+Version: 1.373.1
 Summary: Add your description here.
 Author-email: PolicyEngine <hello@policyengine.org>
 License-File: LICENSE

{policyengine_us-1.372.0.dist-info → policyengine_us-1.373.1.dist-info}/RECORD

@@ -712,7 +712,7 @@ policyengine_us/parameters/gov/irs/income/amt/capital_gains/capital_gain_excess_
 policyengine_us/parameters/gov/irs/income/amt/exemption/amount.yaml,sha256=fj25AK8UP8o1Dkl1185CQCT93RQ2rFdkOSCzd_-Dv-g,4495
 policyengine_us/parameters/gov/irs/income/amt/exemption/separate_limit.yaml,sha256=sAl_TrnM9-gtHLc6OmQukxh4CIHzEoa8n65IwEE7HjQ,1723
 policyengine_us/parameters/gov/irs/income/amt/exemption/child/amount.yaml,sha256=QB3zldIsE7nOSw9Du5YpA2Z5W07h8XG6wHTK3tas4O4,1119
-policyengine_us/parameters/gov/irs/income/amt/exemption/phase_out/rate.yaml,sha256=jxSaz7zzHj72i1U5tGRX4ddNWvqXhaqeYbY8EAYDTM8,238
+policyengine_us/parameters/gov/irs/income/amt/exemption/phase_out/rate.yaml,sha256=M73ylOx-4yTWsO4NUy_J1HaD_tYgb4ZBBAIWAadFx18,483
 policyengine_us/parameters/gov/irs/income/amt/exemption/phase_out/start.yaml,sha256=dFuJApoBErx4VAoEGom1jB5lWBfck8C6d7jK2QXkYmc,4908
 policyengine_us/parameters/gov/irs/income/disability_income_exclusion/amount.yaml,sha256=lElkZiuJlPHpGugUhmjDMa2DxsoWLaFJscHMvs8Oatg,541
 policyengine_us/parameters/gov/irs/income/disability_income_exclusion/cap.yaml,sha256=45JSvG4BEbMKIBAsi9a_kbdlTJYbxWmlHUZypYdDOvQ,626
@@ -4945,6 +4945,7 @@ policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/credits/low_
 policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/credits/low_income/pr_low_income_credit.yaml,sha256=pNbfl-WLMHos8cKr-J50F2ZqOZt-ovYCdY30lyEKBrU,1984
 policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/credits/low_income/pr_low_income_credit_eligible.yaml,sha256=WyIHPu6ZH0xYYJeCNsQnDktz0ywJWDfAj3FMbyRMFJg,1950
 policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/credits/low_income/pr_low_income_credit_eligible_person.yaml,sha256=EAipNZfTMVye2BdYodTgAtJtWjzR7UTaGK-R8k3qvB0,813
+policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/credits/refundable_ctc/pr_refundable_ctc.yaml,sha256=DMuJebsPv9PASlRSV3iq3ZTyAZZlO78XBsOYrXTaVog,433
 policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/taxable_income/deductions/pr_casualty_loss_deduction.yaml,sha256=FteN_CqJcr_hjNt0BPagZ5bI9i4PwpHa4vCvphQ-FkY,333
 policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/taxable_income/deductions/pr_charitable_deduction.yaml,sha256=W6N5RCKT6iKoV6qr_UbdrVmsy8c7NZkIRR-GqDV_oiM,470
 policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/taxable_income/deductions/pr_medical_expense_deduction.yaml,sha256=0swPOBL6tTh5Q2ScDziSdgFBQHmd2m8yutElgjfDHss,897
@@ -7672,7 +7673,7 @@ policyengine_us/variables/gov/states/wv/tax/income/subtractions/social_security/
 policyengine_us/variables/gov/territories/pr/tax/income/pr_agi.py,sha256=yqLyP6w4mvABXqLIKECZ4lHI9OetLpgqN-0hbvYl51s,360
 policyengine_us/variables/gov/territories/pr/tax/income/pr_agi_person.py,sha256=gveEdwFLkTFd_76v_mHGK47tXrozNwtoNTS4bNif_h0,379
 policyengine_us/variables/gov/territories/pr/tax/income/pr_gross_income.py,sha256=P2Mn2tUhrnP2LsIx4P0OFz67oo6t9NKZKpKCzqb1RLc,399
-policyengine_us/variables/gov/territories/pr/tax/income/pr_gross_income_person.py,sha256=OOPk4gvnNKClaS8TAAZbGOqHSS8Z31to1m8rj9ALdb0,438
+policyengine_us/variables/gov/territories/pr/tax/income/pr_gross_income_person.py,sha256=SFZtLDY2V-a1qH8p_EvIvOYhUsH_cjhHJBWYnmBB3jU,431
 policyengine_us/variables/gov/territories/pr/tax/income/credits/pr_refundable_credits.py,sha256=-Vxk6bPiB9tSwDOIE46Q3LNLBMKL-3atTYPBD3SfC_Y,308
 policyengine_us/variables/gov/territories/pr/tax/income/credits/earned_income/pr_earned_income_credit.py,sha256=-magFQVK47xuu0D3PleHiy_ihbx4RdJW-Jg_ELQO0Ks,1851
 policyengine_us/variables/gov/territories/pr/tax/income/credits/earned_income/pr_earned_income_credit_eligible.py,sha256=ilQSYlQ6cEQuf4oHHnhHWRGywxkzN5Y6GOhu9_FwmqI,630
@@ -7680,9 +7681,11 @@ policyengine_us/variables/gov/territories/pr/tax/income/credits/earned_income/pr
 policyengine_us/variables/gov/territories/pr/tax/income/credits/earned_income/pr_earned_income_credit_unearned_income.py,sha256=_9ms1IMxdZyhOUv9fJ0VG0tCGosl0n-YYxkpiU-h0d0,597
 policyengine_us/variables/gov/territories/pr/tax/income/credits/low_income/pr_compensatory_low_income_credit.py,sha256=x-qB-_buWpRMY_YzINM7dhkm37AUY5M4-8-KWHFecKA,869
 policyengine_us/variables/gov/territories/pr/tax/income/credits/low_income/pr_low_income_credit.py,sha256=oJvrGUz1SeOVYpFBlyNr6SHCtuPCGEyKvs02gCsBjXA,873
-policyengine_us/variables/gov/territories/pr/tax/income/credits/low_income/pr_low_income_credit_eligible.py,sha256=PDHESn5D7AzJLcwJ6_hQOOANqWHygRsYenJVtY5JPEU,977
+policyengine_us/variables/gov/territories/pr/tax/income/credits/low_income/pr_low_income_credit_eligible.py,sha256=4Z_1zqwupW-5vdIsUGxswGp58xdqzwsym70-JiHKWPk,984
 policyengine_us/variables/gov/territories/pr/tax/income/credits/low_income/pr_low_income_credit_eligible_people.py,sha256=RgzLpArMyaF5UDGwETViRUku4FHCAfnez_zMWi5g_ek,628
 policyengine_us/variables/gov/territories/pr/tax/income/credits/low_income/pr_low_income_credit_eligible_person.py,sha256=AyYkgYDtaroJZuAi-uO9hXarBKhgMMXvmsMGf2Nqp5Q,1107
+policyengine_us/variables/gov/territories/pr/tax/income/credits/refundable_ctc/pr_refundable_ctc.py,sha256=XyjYvfdudRP3DMfCsmhmpqUaRH00gQpjTy86xrhoW1U,1097
+policyengine_us/variables/gov/territories/pr/tax/income/credits/refundable_ctc/pr_refundable_ctc_social_security_tax.py,sha256=pVjsUPcD-QUXWTniQgla4e7rSfkTztuOHgxR42DHmD8,497
 policyengine_us/variables/gov/territories/pr/tax/income/taxable_income/deductions/pr_casualty_loss_deduction.py,sha256=g2QRdt75GmxRZSuzU_9c_uvAjCKXSXQMEACzarVPrAU,886
 policyengine_us/variables/gov/territories/pr/tax/income/taxable_income/deductions/pr_charitable_deduction.py,sha256=2u9YAoBduN8NKKKSzpWy06wVk5QbAbxj6Tp9bOCtn2o,848
 policyengine_us/variables/gov/territories/pr/tax/income/taxable_income/deductions/pr_medical_expense_deduction.py,sha256=5U77mChDcF3XOpHujLInWcdboU_JDy7wN64_p33eZRA,743
@@ -8258,8 +8261,8 @@ policyengine_us/variables/input/farm_income.py,sha256=BEKxYmHNNnWJAAvULl5qZJigy5
 policyengine_us/variables/input/geography.py,sha256=XmBlgXhzBoLRKk6R8taVZHqUw1eU8MbNeGS9iJ7_l44,4506
 policyengine_us/variables/input/self_employment_income.py,sha256=PwsGz8R4lRikKWUYOhsC0qosNNLXq4f5SQmfw4S3mk8,511
 policyengine_us/variables/input/self_employment_income_before_lsr.py,sha256=E8fcX9Nlyqz8dziHhQv_euutdmoIwFMMWePUwbbwv_w,379
-policyengine_us-1.372.0.dist-info/METADATA,sha256=BMPMRc82wu6bbPBTxSkq_UmAGfvWH7jxlRdsNQ-weuk,1649
-policyengine_us-1.372.0.dist-info/WHEEL,sha256=qtCwoSJWgHk21S1Kb4ihdzI2rlJ1ZKaIurTj_ngOhyQ,87
-policyengine_us-1.372.0.dist-info/entry_points.txt,sha256=MLaqNyNTbReALyKNkde85VkuFFpdPWAcy8VRG1mjczc,57
-policyengine_us-1.372.0.dist-info/licenses/LICENSE,sha256=2N5ReRelkdqkR9a-KP-y-shmcD5P62XoYiG-miLTAzo,34519
-policyengine_us-1.372.0.dist-info/RECORD,,
+policyengine_us-1.373.1.dist-info/METADATA,sha256=LeO153OB35DaeLvIlw8mZfboKbJERGARuzr8raSxBgk,1649
+policyengine_us-1.373.1.dist-info/WHEEL,sha256=qtCwoSJWgHk21S1Kb4ihdzI2rlJ1ZKaIurTj_ngOhyQ,87
+policyengine_us-1.373.1.dist-info/entry_points.txt,sha256=MLaqNyNTbReALyKNkde85VkuFFpdPWAcy8VRG1mjczc,57
+policyengine_us-1.373.1.dist-info/licenses/LICENSE,sha256=2N5ReRelkdqkR9a-KP-y-shmcD5P62XoYiG-miLTAzo,34519
+policyengine_us-1.373.1.dist-info/RECORD,,