diff --git a/docs/book/content/examples/TCJA_extension.ipynb b/docs/book/content/examples/TCJA_extension.ipynb
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+++ b/docs/book/content/examples/TCJA_extension.ipynb
@@ -0,0 +1,341 @@
+{
+ "cells": [
+ {
+ "cell_type": "markdown",
+ "metadata": {},
+ "source": [
+ "# Using the Cost-of-Capital-Calculator (CCC) with an alternative baseline\n",
+ "\n",
+ "This notebook provides an illustration of using the Cost-of-Capital-Calculator (CCC) with an alternative baseline. In particular, it will simulate and compare results using a current law baseline and a current policy baseline (i.e., TCJA permanence).\n",
+ "\n",
+ "To run this notebook on your machine, you will need to follow the instructions to install CCC as described in the CCC README [here](https://github.com/PSLmodels/Cost-of-Capital-Calculator). In particular, you need to:\n",
+ "\n",
+ "* Install the [Anaconda distribution](https://www.anaconda.com/distribution/) of Python\n",
+ "* Install the CCC package by typing `conda install -c conda-forge ccc` (or `pip install cost-of-captial-calculator`) in the command prompt.\n",
+ "\n",
+ "Once you follow the above, you will be ready to work with this Jupyter Notebook.\n",
+ "\n",
+ "## First things first, import necessary packages"
+ ]
+ },
+ {
+ "cell_type": "code",
+ "execution_count": 4,
+ "metadata": {},
+ "outputs": [],
+ "source": [
+ "# To install ccc package (if not already):\n",
+ "import sys\n",
+ "if 'ccc' not in sys.modules:\n",
+ " !pip install cost-of-capital-calculator"
+ ]
+ },
+ {
+ "cell_type": "code",
+ "execution_count": 6,
+ "metadata": {},
+ "outputs": [
+ {
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+ "application/vnd.bokehjs_load.v0+json": ""
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+ "source": [
+ "# import packages\n",
+ "import pandas as pd\n",
+ "import numpy as np\n",
+ "import os\n",
+ "from bokeh.plotting import figure, show\n",
+ "from bokeh.io import output_notebook\n",
+ "# import CCC classes that we'll work with\n",
+ "from ccc.data import Assets\n",
+ "from ccc.parameters import Specification, DepreciationParams\n",
+ "from ccc.calculator import Calculator\n",
+ "# to print bokeh plots inline\n",
+ "output_notebook()"
+ ]
+ },
+ {
+ "cell_type": "markdown",
+ "metadata": {},
+ "source": [
+ "## Create instance of the calculator class with a current law baseline"
+ ]
+ },
+ {
+ "cell_type": "code",
+ "execution_count": 18,
+ "metadata": {},
+ "outputs": [],
+ "source": [
+ "# Create an instance of the Assets class\n",
+ "assets = Assets()\n",
+ "# Create an instance of the Specification class\n",
+ "p = Specification(call_tc=False, year=2026) # choose year after TCJA expires\n",
+ "# Create an instance of the DepreciationParams class\n",
+ "dp = DepreciationParams()\n",
+ "# Create an instance of the Calculator class\n",
+ "calc1 = Calculator(p, dp, assets)\n",
+ "calc1.calc_all()"
+ ]
+ },
+ {
+ "cell_type": "markdown",
+ "metadata": {},
+ "source": [
+ "## Create instance of the calculator class with a current policy baseline (i.e., TCJA permanence)"
+ ]
+ },
+ {
+ "cell_type": "code",
+ "execution_count": 24,
+ "metadata": {},
+ "outputs": [
+ {
+ "ename": "IndexError",
+ "evalue": "index 0 is out of bounds for axis 0 with size 0",
+ "output_type": "error",
+ "traceback": [
+ "\u001b[0;31m---------------------------------------------------------------------------\u001b[0m",
+ "\u001b[0;31mIndexError\u001b[0m Traceback (most recent call last)",
+ "Cell \u001b[0;32mIn[24], line 5\u001b[0m\n\u001b[1;32m 3\u001b[0m \u001b[38;5;66;03m# Create an instance of the Specification class\u001b[39;00m\n\u001b[1;32m 4\u001b[0m p2 \u001b[38;5;241m=\u001b[39m Specification(call_tc\u001b[38;5;241m=\u001b[39m\u001b[38;5;28;01mFalse\u001b[39;00m, year\u001b[38;5;241m=\u001b[39m\u001b[38;5;241m2027\u001b[39m) \u001b[38;5;66;03m# choose year after TCJA expires\u001b[39;00m\n\u001b[0;32m----> 5\u001b[0m \u001b[43mp2\u001b[49m\u001b[38;5;241;43m.\u001b[39;49m\u001b[43mupdate_specification\u001b[49m\u001b[43m(\u001b[49m\u001b[43mos\u001b[49m\u001b[38;5;241;43m.\u001b[39;49m\u001b[43mpath\u001b[49m\u001b[38;5;241;43m.\u001b[39;49m\u001b[43mjoin\u001b[49m\u001b[43m(\u001b[49m\u001b[38;5;124;43m\"\u001b[39;49m\u001b[38;5;124;43m..\u001b[39;49m\u001b[38;5;124;43m\"\u001b[39;49m\u001b[43m,\u001b[49m\u001b[43m \u001b[49m\u001b[38;5;124;43m\"\u001b[39;49m\u001b[38;5;124;43m..\u001b[39;49m\u001b[38;5;124;43m\"\u001b[39;49m\u001b[43m,\u001b[49m\u001b[43m \u001b[49m\u001b[38;5;124;43m\"\u001b[39;49m\u001b[38;5;124;43m..\u001b[39;49m\u001b[38;5;124;43m\"\u001b[39;49m\u001b[43m,\u001b[49m\u001b[43m \u001b[49m\u001b[38;5;124;43m\"\u001b[39;49m\u001b[38;5;124;43m..\u001b[39;49m\u001b[38;5;124;43m\"\u001b[39;49m\u001b[43m,\u001b[49m\u001b[43m \u001b[49m\u001b[38;5;124;43m'\u001b[39;49m\u001b[38;5;124;43mccc\u001b[39;49m\u001b[38;5;124;43m'\u001b[39;49m\u001b[43m,\u001b[49m\u001b[43m \u001b[49m\u001b[38;5;124;43m'\u001b[39;49m\u001b[38;5;124;43mtcja_extension.json\u001b[39;49m\u001b[38;5;124;43m'\u001b[39;49m\u001b[43m)\u001b[49m\u001b[43m)\u001b[49m\n\u001b[1;32m 6\u001b[0m \u001b[38;5;66;03m# Create an instance of the DepreciationParams class\u001b[39;00m\n\u001b[1;32m 7\u001b[0m dp \u001b[38;5;241m=\u001b[39m DepreciationParams()\n",
+ "File \u001b[0;32m~/repos/CCC/ccc/parameters.py:245\u001b[0m, in \u001b[0;36mSpecification.update_specification\u001b[0;34m(self, revision, raise_errors)\u001b[0m\n\u001b[1;32m 243\u001b[0m \u001b[38;5;28;01mraise\u001b[39;00m \u001b[38;5;167;01mValueError\u001b[39;00m(\u001b[38;5;124m\"\u001b[39m\u001b[38;5;124mERROR: revision is not a dictionary or string\u001b[39m\u001b[38;5;124m\"\u001b[39m)\n\u001b[1;32m 244\u001b[0m \u001b[38;5;28mself\u001b[39m\u001b[38;5;241m.\u001b[39madjust(revision, raise_errors\u001b[38;5;241m=\u001b[39mraise_errors)\n\u001b[0;32m--> 245\u001b[0m \u001b[38;5;28;43mself\u001b[39;49m\u001b[38;5;241;43m.\u001b[39;49m\u001b[43mcompute_default_params\u001b[49m\u001b[43m(\u001b[49m\u001b[43m)\u001b[49m\n",
+ "File \u001b[0;32m~/repos/CCC/ccc/parameters.py:187\u001b[0m, in \u001b[0;36mSpecification.compute_default_params\u001b[0;34m(self)\u001b[0m\n\u001b[1;32m 185\u001b[0m \u001b[38;5;28mself\u001b[39m\u001b[38;5;241m.\u001b[39mbonus_deprec \u001b[38;5;241m=\u001b[39m {}\n\u001b[1;32m 186\u001b[0m \u001b[38;5;28;01mfor\u001b[39;00m cl \u001b[38;5;129;01min\u001b[39;00m class_list_str:\n\u001b[0;32m--> 187\u001b[0m \u001b[38;5;28mself\u001b[39m\u001b[38;5;241m.\u001b[39mbonus_deprec[cl] \u001b[38;5;241m=\u001b[39m \u001b[38;5;28;43mgetattr\u001b[39;49m\u001b[43m(\u001b[49m\n\u001b[1;32m 188\u001b[0m \u001b[43m \u001b[49m\u001b[38;5;28;43mself\u001b[39;49m\u001b[43m,\u001b[49m\u001b[43m \u001b[49m\u001b[38;5;124;43m\"\u001b[39;49m\u001b[38;5;124;43mBonusDeprec_\u001b[39;49m\u001b[38;5;132;43;01m{}\u001b[39;49;00m\u001b[38;5;124;43myr\u001b[39;49m\u001b[38;5;124;43m\"\u001b[39;49m\u001b[38;5;241;43m.\u001b[39;49m\u001b[43mformat\u001b[49m\u001b[43m(\u001b[49m\u001b[43mcl\u001b[49m\u001b[43m)\u001b[49m\n\u001b[1;32m 189\u001b[0m \u001b[43m \u001b[49m\u001b[43m)\u001b[49m\u001b[43m[\u001b[49m\u001b[38;5;241;43m0\u001b[39;49m\u001b[43m]\u001b[49m\n\u001b[1;32m 190\u001b[0m \u001b[38;5;66;03m# to handle land and inventories\u001b[39;00m\n\u001b[1;32m 191\u001b[0m \u001b[38;5;66;03m# this is fixed later, but should work on this\u001b[39;00m\n\u001b[1;32m 192\u001b[0m \u001b[38;5;28mself\u001b[39m\u001b[38;5;241m.\u001b[39mbonus_deprec[\u001b[38;5;124m\"\u001b[39m\u001b[38;5;124m100\u001b[39m\u001b[38;5;124m\"\u001b[39m] \u001b[38;5;241m=\u001b[39m \u001b[38;5;241m0.0\u001b[39m\n",
+ "\u001b[0;31mIndexError\u001b[0m: index 0 is out of bounds for axis 0 with size 0"
+ ]
+ }
+ ],
+ "source": [
+ "# Create an instance of the Assets class\n",
+ "assets = Assets()\n",
+ "# Create an instance of the Specification class\n",
+ "p2 = Specification(call_tc=False, year=2026) # choose year after TCJA expires\n",
+ "p2.update_specification(os.path.join(\"..\", \"..\", \"..\", \"..\", 'ccc', 'tcja_extension.json'))\n",
+ "# Create an instance of the DepreciationParams class\n",
+ "dp = DepreciationParams()\n",
+ "# Create an instance of the Calculator class\n",
+ "calc2 = Calculator(p2, dp, assets)\n",
+ "calc2.calc_all()"
+ ]
+ },
+ {
+ "cell_type": "markdown",
+ "metadata": {},
+ "source": [
+ "## Compare METRs under the two baselines\n",
+ "\n",
+ "Now with two `Calculator` objects named `calc1` and `calc2` (representing the current law baseline and current policy baseline), we can compare the two.\n",
+ "\n",
+ "We start with an overall summary table showing the marginal effective total tax rates (METTRs) for all investments, corporate investments, and pass-through investments under varying financing assumptions. This is done through the `summary_table` function. It takes a calculator object as an argument."
+ ]
+ },
+ {
+ "cell_type": "code",
+ "execution_count": 22,
+ "metadata": {},
+ "outputs": [
+ {
+ "data": {
+ "text/html": [
+ "\n",
+ "\n",
+ "
\n",
+ " \n",
+ " \n",
+ " | \n",
+ " | \n",
+ " Marginal Effective Total Tax Rate Under Baseline Policy | \n",
+ " Marginal Effective Total Tax Rate Under Reform Policy | \n",
+ " Change from Baseline (pp) | \n",
+ "
\n",
+ " \n",
+ " \n",
+ " \n",
+ " 0 | \n",
+ " Overall | \n",
+ " 22.061070 | \n",
+ " 20.280837 | \n",
+ " -1.780234 | \n",
+ "
\n",
+ " \n",
+ " 1 | \n",
+ " Corporations | \n",
+ " 22.053440 | \n",
+ " 21.173608 | \n",
+ " -0.879832 | \n",
+ "
\n",
+ " \n",
+ " 2 | \n",
+ " Equity Financed | \n",
+ " 24.290534 | \n",
+ " 23.435529 | \n",
+ " -0.855005 | \n",
+ "
\n",
+ " \n",
+ " 3 | \n",
+ " Debt Financed | \n",
+ " 14.099487 | \n",
+ " 13.100244 | \n",
+ " -0.999243 | \n",
+ "
\n",
+ " \n",
+ " 4 | \n",
+ " Pass-Through Entities | \n",
+ " 23.679694 | \n",
+ " 20.858889 | \n",
+ " -2.820805 | \n",
+ "
\n",
+ " \n",
+ " 5 | \n",
+ " Equity Financed | \n",
+ " 22.924874 | \n",
+ " 18.482954 | \n",
+ " -4.441920 | \n",
+ "
\n",
+ " \n",
+ " 6 | \n",
+ " Debt Financed | \n",
+ " 26.911062 | \n",
+ " 29.792381 | \n",
+ " 2.881319 | \n",
+ "
\n",
+ " \n",
+ "
\n",
+ "
"
+ ],
+ "text/plain": [
+ " \\\n",
+ "0 Overall \n",
+ "1 Corporations \n",
+ "2 Equity Financed \n",
+ "3 Debt Financed \n",
+ "4 Pass-Through Entities \n",
+ "5 Equity Financed \n",
+ "6 Debt Financed \n",
+ "\n",
+ " Marginal Effective Total Tax Rate Under Baseline Policy \\\n",
+ "0 22.061070 \n",
+ "1 22.053440 \n",
+ "2 24.290534 \n",
+ "3 14.099487 \n",
+ "4 23.679694 \n",
+ "5 22.924874 \n",
+ "6 26.911062 \n",
+ "\n",
+ " Marginal Effective Total Tax Rate Under Reform Policy \\\n",
+ "0 20.280837 \n",
+ "1 21.173608 \n",
+ "2 23.435529 \n",
+ "3 13.100244 \n",
+ "4 20.858889 \n",
+ "5 18.482954 \n",
+ "6 29.792381 \n",
+ "\n",
+ " Change from Baseline (pp) \n",
+ "0 -1.780234 \n",
+ "1 -0.879832 \n",
+ "2 -0.855005 \n",
+ "3 -0.999243 \n",
+ "4 -2.820805 \n",
+ "5 -4.441920 \n",
+ "6 2.881319 "
+ ]
+ },
+ "execution_count": 22,
+ "metadata": {},
+ "output_type": "execute_result"
+ }
+ ],
+ "source": [
+ "# Look at differences in METTRs between the two policies\n",
+ "calc1.summary_table(calc2) # calc1 is the current law baseline, calc2 the current policy baseline\n",
+ "# NOTE: in the table below, the current law baseline will be referred to as the \"baseline\"\n",
+ "# and the current policy baseline will be referred to as the \"reform\""
+ ]
+ },
+ {
+ "cell_type": "code",
+ "execution_count": 14,
+ "metadata": {},
+ "outputs": [
+ {
+ "data": {
+ "text/plain": [
+ "array([0.20116501])"
+ ]
+ },
+ "execution_count": 14,
+ "metadata": {},
+ "output_type": "execute_result"
+ }
+ ],
+ "source": [
+ "p.tau_pt"
+ ]
+ },
+ {
+ "cell_type": "code",
+ "execution_count": null,
+ "metadata": {},
+ "outputs": [],
+ "source": []
+ }
+ ],
+ "metadata": {
+ "kernelspec": {
+ "display_name": "Python 3 (ipykernel)",
+ "language": "python",
+ "name": "python3"
+ },
+ "language_info": {
+ "codemirror_mode": {
+ "name": "ipython",
+ "version": 3
+ },
+ "file_extension": ".py",
+ "mimetype": "text/x-python",
+ "name": "python",
+ "nbconvert_exporter": "python",
+ "pygments_lexer": "ipython3",
+ "version": "3.12.2"
+ }
+ },
+ "nbformat": 4,
+ "nbformat_minor": 4
+}