Revised

PolicyEngine · Nov 14, 2023 · fb7cd0e · fb7cd0e
1 parent 89661c1
commit fb7cd0e
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Showing 3 changed files with 3 additions and 5 deletions.
diff --git a/policyengine_us/parameters/gov/states/mt/tax/income/exemptions/interest/age_threshold.yaml b/policyengine_us/parameters/gov/states/mt/tax/income/exemptions/interest/age_threshold.yaml
@@ -8,7 +8,7 @@ metadata:
       href: https://mtrevenue.gov/wp-content/uploads/mdocs/form%202%202021%20instructions.pdf#page=24
     - title: 2022 Montana Form 2 | line 3 - Partial Interest Exemption for Taxpayers
       href: https://mtrevenue.gov/wp-content/uploads/dlm_uploads/2022/12/Form-2-2022-Instructions.pdf#page=25
-    - title: Administrative Rules of Montana | Income Taxes | § 42.14.215
+    - title: Administrative Rules of Montana | Income Taxes | § 42.14.215 (4)
       href: https://rules.mt.gov/gateway/RuleNo.asp?RN=42%2E15%2E215
 values:
   2021-01-01: 65
diff --git a/policyengine_us/parameters/gov/states/mt/tax/income/exemptions/interest/cap.yaml b/policyengine_us/parameters/gov/states/mt/tax/income/exemptions/interest/cap.yaml
@@ -10,7 +10,7 @@ metadata:
       href: https://mtrevenue.gov/wp-content/uploads/mdocs/form%202%202021%20instructions.pdf#page=24
     - title: 2022 Montana Form 2 | line 3 - Partial Interest Exemption for Taxpayers
       href: https://mtrevenue.gov/wp-content/uploads/dlm_uploads/2022/12/Form-2-2022-Instructions.pdf#page=25
-    - title: Administrative Rules of Montana | Income Taxes | § 42.14.215
+    - title: Administrative Rules of Montana | Income Taxes | § 42.14.215 (2) & (3)
       href: https://rules.mt.gov/gateway/RuleNo.asp?RN=42%2E15%2E215
 
 SINGLE:

diff --git a/policyengine_us/variables/gov/states/mt/tax/income/exemptions/mt_interest_exemption.py b/policyengine_us/variables/gov/states/mt/tax/income/exemptions/mt_interest_exemption.py
@@ -16,6 +16,4 @@ def formula(tax_unit, period, parameters):
         filing_status = tax_unit("filing_status", period)
         cap = p.cap[filing_status]
         interest_income = person("taxable_interest_income", period)
-        eligible_amount = min_(cap, tax_unit.sum(interest_income))
-        eligible_person = tax_unit("mt_interest_exemption_eligible", period)
-        return eligible_person * eligible_amount
+        return min_(cap, tax_unit.sum(interest_income))