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5 changes: 3 additions & 2 deletions
5
policyengine_us/parameters/gov/states/mo/tax/income/credits/non_refundable.yaml
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...e_us/parameters/gov/states/mo/tax/income/deductions/mo_max_business_income_deduction.yaml
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description: mo_max_business_income_deduction.yaml | ||
values: | ||
2022-01-01: 0.15 | ||
2023-01-01: 0.20 | ||
metadata: | ||
unit: currency-USD | ||
period: year | ||
name: mo_max_business_income_deduction | ||
label: Missouri Maximum Business Income Deduction | ||
reference: | ||
- title: 2023 Form MO-1040, Line 17 | ||
href: https://dor.mo.gov/forms/MO-1040%20Instructions_2023.pdf#page=16 | ||
- title: 2022 Form MO-1040, Line 17 | ||
href: https://dor.mo.gov/forms/MO-1040%20Instructions_2022.pdf#page=16 |
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31
...sts/policy/baseline/gov/states/mo/tax/income/deductions/mo_business_income_deduction.yaml
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- name: 2023 non-zero qualified business income | ||
period: 2023 | ||
input: | ||
qualified_business_income: 10_000 | ||
state_code: MO | ||
output: | ||
mo_business_income_deduction: 2_000 | ||
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||
- name: 2023 zero qualified business income | ||
period: 2023 | ||
input: | ||
qualified_business_income: 0 | ||
state_code: MO | ||
output: | ||
mo_business_income_deduction: 0 | ||
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||
- name: 2022 non-zero qualified business income | ||
period: 2022 | ||
input: | ||
qualified_business_income: 10_000 | ||
state_code: MO | ||
output: | ||
mo_business_income_deduction: 1_500 | ||
|
||
- name: 2022 zero qualified business income | ||
period: 2022 | ||
input: | ||
qualified_business_income: 0 | ||
state_code: MO | ||
output: | ||
mo_business_income_deduction: 0 |
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...cyengine_us/variables/gov/states/mo/tax/income/deductions/mo_business_income_deduction.py
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from policyengine_us.model_api import * | ||
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class mo_business_income_deduction(Variable): | ||
value_type = float | ||
entity = TaxUnit | ||
label = "MO business income deduction" | ||
unit = USD | ||
definition_period = YEAR | ||
reference = ( | ||
"https://dor.mo.gov/forms/MO-1040%20Instructions_2023.pdf#page=16", | ||
"https://revisor.mo.gov/main/OneSection.aspx?section=143.022", | ||
) | ||
defined_for = StateCode.MO | ||
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def formula(tax_unit, period, parameters): | ||
p = parameters( | ||
period | ||
).gov.states.mo.tax.income.deductions.mo_max_business_income_deduction | ||
qualified_business_income = tax_unit( | ||
"qualified_business_income", period | ||
) | ||
return p * qualified_business_income |