2024 MO top income tax and wftc adjustments #5459
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Codecov ReportAll modified and coverable lines are covered by tests ✅
Additional details and impacted files@@ Coverage Diff @@
## master #5459 +/- ##
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Coverage 99.04% 99.04%
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Files 2670 2671 +1
Lines 38717 38725 +8
Branches 168 168
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+ Hits 38348 38356 +8
Misses 335 335
Partials 34 34 ☔ View full report in Codecov by Sentry. |
MaxGhenis
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Jan 8, 2025
policyengine_us/parameters/gov/states/mo/tax/income/credits/wftc/match.yaml
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…tc/match.yaml Co-authored-by: Max Ghenis <[email protected]>
Co-authored-by: Max Ghenis <[email protected]>
Co-authored-by: Max Ghenis <[email protected]>
daphnehanse11
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Jan 14, 2025
PavelMakarchuk
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Jan 15, 2025
policyengine_us/parameters/gov/states/mo/tax/income/credits/wftc/match.yaml
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policyengine_us/parameters/gov/states/mo/tax/income/credits/wftc/match.yaml
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…tc/match.yaml Co-authored-by: Pavel Makarchuk <[email protected]>
…tc/match.yaml Co-authored-by: Pavel Makarchuk <[email protected]>
PavelMakarchuk
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Jan 16, 2025
MaxGhenis
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Jan 16, 2025
policyengine_us/parameters/gov/states/mo/tax/income/credits/wftc/match.yaml
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| @@ -123,6 +126,11 @@ metadata: | |||
| href: https://revisor.mo.gov/main/OneSection.aspx?section=143.011&bid=51511&hl= | |||
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Move this comment above line 125 (split at 79char):
We model rates through 2025 based on 143.011: initial 4.95% rate in 2023 (subsection 2(1)), 0.15% reduction to 4.8% in 2024 (subsection 3(1)), and first 0.1% reduction to 4.7% in 2025 (subsection 4(1)). We do not model potential further 0.1% reductions allowed in subsection 4 until revenue conditions are confirmed met.
Co-authored-by: Max Ghenis <[email protected]>
…tc/match.yaml Co-authored-by: Max Ghenis <[email protected]>
Co-authored-by: Max Ghenis <[email protected]>
Co-authored-by: Max Ghenis <[email protected]>
MaxGhenis
approved these changes
Jan 16, 2025
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Fixes #5458