Puerto Rico Low Income Credit

policyengine_us/parameters/gov/territories/pr/READme.md

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+# Puerto Rico

policyengine_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

policyengine_us/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.
+
+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

policyengine_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

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

policyengine_us/parameters/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

policyengine_us/parameters/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

policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/credits/low_income/pr_low_income_credit.yaml

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+- name: Two eligible people
+  absolute_error_margin: 0.01
+  period: 2024
+  input:
+    people:
+      person1:
+        pr_low_income_credit_eligible_person: true
+      person2:
+        pr_low_income_credit_eligible_person: true
+    tax_units:
+      tax_unit:
+        members: [person1, person2]
+        pr_low_income_credit_eligible: true
+  output:  
+    pr_low_income_credit: 800
+
+- name: Ineligible household
+  absolute_error_margin: 0.01
+  period: 2024
+  input:
+    people:
+      person1:
+        pr_low_income_credit_eligible_person: true
+      person2:
+        pr_low_income_credit_eligible_person: true
+    tax_units:
+      tax_unit:
+        members: [person1, person2]
+        pr_low_income_credit_eligible: false
+  output:  
+    pr_low_income_credit: 0
+
+- name: One eligible person
+  absolute_error_margin: 0.01
+  period: 2024
+  input:
+    people:
+      person1:
+        pr_low_income_credit_eligible_person: true
+      person2:
+        pr_low_income_credit_eligible_person: false
+    tax_units:
+      tax_unit:
+        members: [person1, person2]
+        pr_low_income_credit_eligible: true
+  output:  
+    pr_low_income_credit: 400
+
+- name: One eligible person, two ineligible
+  absolute_error_margin: 0.01
+  period: 2023
+  input:
+    people:
+      person1:
+        pr_low_income_credit_eligible_person: true
+      person2:
+        pr_low_income_credit_eligible_person: false
+      person3:
+        pr_low_income_credit_eligible_person: false
+    tax_units:
+      tax_unit:
+        members: [person1, person2, person3]
+        pr_low_income_credit_eligible: true
+  output:  
+    pr_low_income_credit: 400

policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/credits/low_income/pr_low_income_credit_eligible.yaml

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+- name: Two eligible people
+  absolute_error_margin: 0.01
+  period: 2024
+  input:
+    people:
+      person1:
+        pr_low_income_credit_eligible_person: true
+      person2:
+        pr_low_income_credit_eligible_person: true
+    tax_units:
+      tax_unit:
+        members: [person1, person2]
+        pr_gross_income: 29_000
+  output:  
+    pr_low_income_credit_eligible: true
+
+- name: Two ineligible people
+  absolute_error_margin: 0.01
+  period: 2024
+  input:
+    people:
+      person1:
+        pr_low_income_credit_eligible_person: false
+      person2:
+        pr_low_income_credit_eligible_person: false
+    tax_units:
+      tax_unit:
+        members: [person1, person2]
+        pr_gross_income: 32_000
+  output:  
+    pr_low_income_credit_eligible: false
+
+- name: One person eligible
+  absolute_error_margin: 0.01
+  period: 2024
+  input:
+    people:
+      person1:
+        pr_low_income_credit_eligible_person: true
+      person2:
+        pr_low_income_credit_eligible_person: false
+    tax_units:
+      tax_unit:
+        members: [person1, person2]
+        pr_gross_income: 15_000
+  output:  
+    pr_low_income_credit_eligible: true
+
+- name: One person age eligible but income ineligible
+  absolute_error_margin: 0.01
+  period: 2024
+  input:
+    people:
+      person1:
+        pr_low_income_credit_eligible_person: true
+      person2:
+        pr_low_income_credit_eligible_person: false
+    tax_units:
+      tax_unit:
+        members: [person1, person2]
+        pr_gross_income: 15_001
+  output:  
+    pr_low_income_credit_eligible: false

policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/credits/low_income/pr_low_income_credit_eligible_person.yaml

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+- name: Eligible person
+  period: 2024
+  input:
+    age: 65
+    is_tax_unit_head_or_spouse: true
+  output:
+    pr_low_income_credit_eligible_person: true
+
+- name: Age ineligible person
+  period: 2024
+  input:
+    age: 64
+    is_tax_unit_head_or_spouse: true
+  output:
+    pr_low_income_credit_eligible_person: false
+
+- name: Not head or spouse
+  period: 2024
+  input:
+    age: 65
+    is_tax_unit_head_or_spouse: false
+  output:
+    pr_low_income_credit_eligible_person: false

policyengine_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"
+    defined_for = "pr_low_income_credit_eligible"
+
+    def formula(tax_unit, period, parameters):
+        p = parameters(period).gov.territories.pr.tax.income.credits.low_income
+        person = tax_unit.members
+        eligible_person = person("pr_low_income_credit_eligible_person", period)
+        eligible_people = tax_unit.sum(eligible_person)
+        return p.amount * eligible_people

policyengine_us/variables/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_eligible_person,
+                p.two_eligible_people,
+            ],
+            default = 0
+        )
+        return where(eligible_people > 0, income <= income_limit, False)

policyengine_us/variables/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

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"