Vermont Elderly or Permanently Totally Disabled Tax Credit

changelog_entry.yaml

@@ -0,0 +1,4 @@
+- bump: minor
+  changes:
+    added:
+    - Vermont elderly or permanently totally disabled tax credit. 

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

@@ -0,0 +1,14 @@
+description: Vermont matches this fraction of the federal credit for elderly or the disabled. 
+values:
+  2021-01-01: 0.24
+metadata:
+  unit: /1
+  period: year
+  label: Vermont elderly or the disabled tax credit match
+  reference:
+    - title: 32 V.S.A. §5822. Tax on income of individuals, estates, and trusts (d)(1)
+      href: https://legislature.vermont.gov/statutes/section/32/151/05822
+    - title: 2022 Schedule IN-119 Vermont Tax Adjustments and Nonrefundable Credits
+      href: https://tax.vermont.gov/sites/tax/files/documents/IN-119-2022.pdf#page=1
+    - title: 2021 Schedule IN-119 Vermont Tax Adjustments and Nonrefundable Credits
+      href: https://tax.vermont.gov/sites/tax/files/documents/IN-119-2021.pdf#page=1

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

@@ -0,0 +1,10 @@
+description: Vermont non-refundable tax credits.
+metadata:
+  unit: list
+  label: Vermont non-refundable tax credits
+  reference: 
+    - title: 2022 Schedule IN-119 Vermont Tax Adjustments and Nonrefundable Credits
+      href: https://tax.vermont.gov/sites/tax/files/documents/IN-119-2022.pdf
+values:
+  2021-01-01:
+    - vt_elderly_or_disabled_credit

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

@@ -0,0 +1,7 @@
+- name: Vermont elderly or disabled credit amount
+  period: 2021
+  input:
+    elderly_disabled_credit: 1_000
+    state_code: VT
+  output:
+    vt_elderly_or_disabled_credit: 240 # 1000*0.24

policyengine_us/variables/gov/states/vt/tax/income/credits/vt_elderly_or_disabled_credit.py

@@ -0,0 +1,23 @@
+from policyengine_us.model_api import *
+
+
+class vt_elderly_or_disabled_credit(Variable):
+    value_type = float
+    entity = TaxUnit
+    definition_period = YEAR
+    label = "Vermont elderly or disabled credit"
+    documentation = "Schedule R credit for the elderly and the disabled"
+    unit = USD
+    reference = (
+        "https://tax.vermont.gov/individuals/personal-income-tax/tax-credits"
+    )
+    defined_for = StateCode.VT
+    # The Investment Tax Credit and Vermont Farm Income Averaging Credit are also subject to the match
+    # these are currently not included
+
+    def formula(tax_unit, period, parameters):
+        p = parameters(period).gov.states.vt.tax.income.credits
+        us_elderly_disabled_credit = tax_unit(
+            "elderly_disabled_credit", period
+        )
+        return p.elderly_or_disabled * us_elderly_disabled_credit