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Puerto Low Income Credit #5396

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Puerto Low Income Credit #5396

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33105ad
Puerto Low Income Credit
PavelMakarchuk Dec 10, 2024
4f45b2d
Merge branch 'master' of https://github.com/PolicyEngine/policyengine…
PavelMakarchuk Dec 12, 2024
6785376
inital variable structure
PavelMakarchuk Dec 12, 2024
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1 change: 1 addition & 0 deletions policyengine_us/parameters/gov/territories/pr/READme.md
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# Puerto Rico
14 changes: 14 additions & 0 deletions ...ine_us/parameters/gov/territories/pr/tax/income/credits/low_income/additional/amount.yaml
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description: Puerto Rico provides the following compensatory tax credit amount for low-income pensioners.

values:
2011-01-01: 300

metadata:
unit: currency-USD
period: year
label: Puerto Rico compensatory tax credit for low-income pensioners
reference:
- title: P.R. Laws tit. 13, § 30212 (b)
href: https://casetext.com/statute/laws-of-puerto-rico/title-thirteen-taxation-and-finance/subtitle-17-internal-revenue-code-of-2011/part-ii-income-taxes/chapter-1007-credits-against-tax/subchapter-b-refundable-credits/30212-credit-for-low-income-individuals-older-than-sixty-five-65-years-of-age
- title: Gov. of Puerto Rico Form 481.10 2023
href: https://hacienda.pr.gov/sites/default/files/documentos/481.10_2023_informative.pdf#page=4
14 changes: 14 additions & 0 deletions .../parameters/gov/territories/pr/tax/income/credits/low_income/additional/income_limit.yaml
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description: Puerto Rico limits the compensatory tax credit for low-income pensioners to filers with pension income below this limit.
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Suggested change
description: Puerto Rico limits the compensatory tax credit for low-income pensioners to filers with pension income below this limit.
description: Puerto Rico limits the compensatory tax credit for low-income pensioners to pensioners with pension income below this limit.

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disagree - what does pensioner mean? filer seems clearer


values:
2011-01-01: 4_800

metadata:
unit: currency-USD
period: year
label: Puerto Rico compensatory tax credit for low-income pensioners income limit
reference:
- title: P.R. Laws tit. 13, § 30212 (b)
href: https://casetext.com/statute/laws-of-puerto-rico/title-thirteen-taxation-and-finance/subtitle-17-internal-revenue-code-of-2011/part-ii-income-taxes/chapter-1007-credits-against-tax/subchapter-b-refundable-credits/30212-credit-for-low-income-individuals-older-than-sixty-five-65-years-of-age
- title: Gov. of Puerto Rico Form 481.10 2023
href: https://hacienda.pr.gov/sites/default/files/documentos/481.10_2023_informative.pdf#page=4
14 changes: 14 additions & 0 deletions ...yengine_us/parameters/gov/territories/pr/tax/income/credits/low_income/age_threshold.yaml
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description: Puerto Rico limits the low income tax credit to filers below this age threshold.

values:
2011-01-01: 65

metadata:
unit: year
period: year
label: Puerto Rico low income tax credit age threshold
reference:
- title: P.R. Laws tit. 13, § 30212 (a)
href: https://casetext.com/statute/laws-of-puerto-rico/title-thirteen-taxation-and-finance/subtitle-17-internal-revenue-code-of-2011/part-ii-income-taxes/chapter-1007-credits-against-tax/subchapter-b-refundable-credits/30212-credit-for-low-income-individuals-older-than-sixty-five-65-years-of-age
- title: Gov. of Puerto Rico Form 481.10 2023
href: https://hacienda.pr.gov/sites/default/files/documentos/481.10_2023_informative.pdf#page=4
14 changes: 14 additions & 0 deletions policyengine_us/parameters/gov/territories/pr/tax/income/credits/low_income/amount.yaml
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description: Puerto Rico provides the following low income tax credit amount.

values:
2011-01-01: 400

metadata:
unit: currency-USD
period: year
label: Puerto Rico low income tax credit amount
reference:
- title: P.R. Laws tit. 13, § 30212 (a)
href: https://casetext.com/statute/laws-of-puerto-rico/title-thirteen-taxation-and-finance/subtitle-17-internal-revenue-code-of-2011/part-ii-income-taxes/chapter-1007-credits-against-tax/subchapter-b-refundable-credits/30212-credit-for-low-income-individuals-older-than-sixty-five-65-years-of-age
- title: Gov. of Puerto Rico Form 481.10 2023
href: https://hacienda.pr.gov/sites/default/files/documentos/481.10_2023_informative.pdf#page=4
14 changes: 14 additions & 0 deletions ...rs/gov/territories/pr/tax/income/credits/low_income/income_limit/one_eligible_person.yaml
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description: Puerto Rico limits the low income tax credit to filers below this income limit, for tax units with one eligible person.

values:
2011-01-01: 15_000

metadata:
unit: currency-USD
period: year
label: Puerto Rico low income tax credit income limit one eligible person
reference:
- title: P.R. Laws tit. 13, § 30212 (a)
href: https://casetext.com/statute/laws-of-puerto-rico/title-thirteen-taxation-and-finance/subtitle-17-internal-revenue-code-of-2011/part-ii-income-taxes/chapter-1007-credits-against-tax/subchapter-b-refundable-credits/30212-credit-for-low-income-individuals-older-than-sixty-five-65-years-of-age
- title: Gov. of Puerto Rico Form 481.10 2023
href: https://hacienda.pr.gov/sites/default/files/documentos/481.10_2023_informative.pdf#page=4
14 changes: 14 additions & 0 deletions ...rs/gov/territories/pr/tax/income/credits/low_income/income_limit/two_eligible_people.yaml
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description: Puerto Rico limits the low income tax credit to filers below this income limit, for tax units with two eligible people.

values:
2011-01-01: 30_000

metadata:
unit: currency-USD
period: year
label: Puerto Rico low income tax credit income limit two eligible people
reference:
- title: P.R. Laws tit. 13, § 30212 (a)
href: https://casetext.com/statute/laws-of-puerto-rico/title-thirteen-taxation-and-finance/subtitle-17-internal-revenue-code-of-2011/part-ii-income-taxes/chapter-1007-credits-against-tax/subchapter-b-refundable-credits/30212-credit-for-low-income-individuals-older-than-sixty-five-65-years-of-age
- title: Gov. of Puerto Rico Form 481.10 2023
href: https://hacienda.pr.gov/sites/default/files/documentos/481.10_2023_informative.pdf#page=4
Empty file added ...les/gov/territories/pr/tax/income/credits/low_income/pr_compensatory_low_income_credit.py
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Empty file added ...erritories/pr/tax/income/credits/low_income/pr_compensatory_low_income_credit_eligible.py
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12 changes: 12 additions & 0 deletions ...ine_us/variables/gov/territories/pr/tax/income/credits/low_income/pr_low_income_credit.py
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from policyengine_us.model_api import *


class pr_low_income_credit(Variable):
value_type: float
entity: TaxUnit
label: "Puerto Rico low income credit"
unit: USD
definition_period: YEAR
reference: "https://casetext.com/statute/laws-of-puerto-rico/title-thirteen-taxation-and-finance/subtitle-17-internal-revenue-code-of-2011/part-ii-income-taxes/chapter-1007-credits-against-tax/subchapter-b-refundable-credits/30212-credit-for-low-income-individuals-older-than-sixty-five-65-years-of-age"


27 changes: 27 additions & 0 deletions ...riables/gov/territories/pr/tax/income/credits/low_income/pr_low_income_credit_eligible.py
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from policyengine_us.model_api import *


class pr_low_income_credit_eligible(Variable):
value_type: bool
entity: TaxUnit
label: "Eligible unit for the Puerto Rico low income credit"
definition_period: YEAR
reference: "https://casetext.com/statute/laws-of-puerto-rico/title-thirteen-taxation-and-finance/subtitle-17-internal-revenue-code-of-2011/part-ii-income-taxes/chapter-1007-credits-against-tax/subchapter-b-refundable-credits/30212-credit-for-low-income-individuals-older-than-sixty-five-65-years-of-age"

def formula(tax_unit, period, parameters):
p = parameters(period).gov.territories.pr.tax.income.credits.low_income.income_limit
eligible_person = tax_unit.members("pr_low_income_credit_eligible_person", period)
eligible_people = tax_unit.sum(eligible_person)
income = tax_unit("pr_gross_income", period)
income_limit = select(
[
eligible_people == 1,
eligible_people == 2,
],
[
p.one_person_eligible,
p.two_people_eligible,
],
default_value = 0
)
return where(eligible_people > 0, income <= income_limit, False)
16 changes: 16 additions & 0 deletions .../gov/territories/pr/tax/income/credits/low_income/pr_low_income_credit_eligible_person.py
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from policyengine_us.model_api import *


class pr_low_income_credit_eligible_person(Variable):
value_type: bool
entity: Person
label: "Eligible person for the Puerto Rico low income credit"
definition_period: YEAR
reference: "https://casetext.com/statute/laws-of-puerto-rico/title-thirteen-taxation-and-finance/subtitle-17-internal-revenue-code-of-2011/part-ii-income-taxes/chapter-1007-credits-against-tax/subchapter-b-refundable-credits/30212-credit-for-low-income-individuals-older-than-sixty-five-65-years-of-age"

def formula(person, period, parameters):
age = person("age", period)
p = parameters(period).gov.territories.pr.tax.income.credits.low_income
head_or_spouse = person("is_tax_unit_head_or_spouse", period)
age_eligible = age >= p.age_threshold
return head_or_spouse & age_eligible
10 changes: 10 additions & 0 deletions policyengine_us/variables/gov/territories/pr/tax/income/pr_gross_income.py
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from policyengine_us.model_api import *


class pr_gross_income(Variable):
value_type: float
entity: TaxUnit
label: "Puerto Rico gross income"
unit: USD
definition_period: YEAR
reference: "https://casetext.com/statute/laws-of-puerto-rico/title-thirteen-taxation-and-finance/subtitle-17-internal-revenue-code-of-2011/part-ii-income-taxes/chapter-1005-computation-of-taxable-income/subchapter-a-determination-of-net-income-general-concepts/30101-gross-income"
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