Merge pull request #76 from brendenbodily/ar2

Merging

fiscalsim_us/parameters/gov/states/ar/README.md

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+# Arkansas
+* The Arkansas code gives the Arkansas DFA significant control over how the tax code is implemented. In our model, we follow the DFA's interpretation in most cases for that reason.
+* We do not model Line 32 on AR1000F, because federal form 5329 is not modeled on the federal level.
+* We do not model full or part-year resident status
+* We calculate the low income tax credit slightly differently than the Arkansas DFA does. The DFA rounds the unrounded tax liability to the nearest tenth before rounding the result to the nearest whole number. It then proceeds with the formula using that result. We find this to be incorrect mathematically and simply round the tax liability to the nearest whole number before proceeding with the rest of the formula. Usually, this doesn't change the result, but it occasionally results in the DFA's calculation overestimating the credit by 1.

fiscalsim_us/parameters/gov/states/ar/tax/income/capital_gains/capital_loss_cap.yaml

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+description: This is the maximum amount of capital losses that an Arkansas taxpayer can claim per year, by filing status
+metadata:
+  type: single_amount
+  period: year
+  unit: currency-USD
+  label: Arkansas capital loss cap
+  name: capital_loss_cap
+  reference:
+    - title: Arkansas AR1000D Arkansas Individual Income Tax Capital Gains Line 12
+      href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_AR1000D_CapitalGains.pdf
+  breakdown:
+    - filing_status
+JOINT:
+  2022-01-01: 3_000
+WIDOW:
+  2022-01-01: 3_000
+HEAD_OF_HOUSEHOLD:
+  2022-01-01: 3_000
+SINGLE:
+  2022-01-01: 3_000
+SEPARATE:
+  2022-01-01: 1_500

fiscalsim_us/parameters/gov/states/ar/tax/income/capital_gains/long_term_cap_gain_taxable_pct.yaml

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+description: Arkansas considers this percentage of long term capital gains to be taxable
+values:
+  2022-01-01: .5
+metadata:
+  type: single-amount
+  period: year
+  label: Arkansas Long Term Capital Gains Cap
+  reference:
+    - title: 2022 AR1000D ARKANSAS INDIVIDUAL INCOME TAX Capital Gains Line 8
+      href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_AR1000D_CapitalGains.pdf

fiscalsim_us/parameters/gov/states/ar/tax/income/capital_gains/max_taxable_capital_gain.yaml

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+description: Arkansas does not tax net long term capital gains above this amount
+values:
+  2022-01-01: 10_000_000
+metadata:
+  unit: currency-USD
+  period: year
+  label: Arkansas Long Term Capital Gains Cap
+  reference:
+    - title: 2022 AR1000D ARKANSAS INDIVIDUAL INCOME TAX Capital Gains Line 7b
+      href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_AR1000D_CapitalGains.pdf

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/inflationary_relief/max_amount.yaml

@@ -1,5 +1,6 @@
 description: Arkansas allows for this maximum inflationary relief tax credit amount, based on filing status.
 metadata:
+  type: single_amount
   period: year
   unit: currency-USD
   label: Arkansas income-tax credit maximum amount

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/inflationary_relief/reduction/amount.yaml

@@ -1,5 +1,6 @@
 description: Arkansas reduces the inflationary relief tax credit by this amount for each increment of taxable income above the threshold, based on the filing status.
 metadata:
+  type: single_amount
   period: year
   unit: currency-USD
   label: Arkansas inflation relief credit reduction amount

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/inflationary_relief/reduction/increment.yaml

@@ -1,5 +1,6 @@
 description: Arkansas reduces the inflationary relief tax credit for each of these increments of taxable income above the threshold, based on filing status.
 metadata:
+  type: single_amount
   period: year
   unit: currency-USD
   label: Arkansas income reduction increment

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/inflationary_relief/reduction/start.yaml

@@ -1,5 +1,6 @@
 description: Arkansas provides inflationary relief tax credit to filers with taxable income above this amount, based on filing status.
 metadata:
+  type: single_amount
   reference:
     # The inflation relief credit is not mentioned in the Arkansas statutes
     - title: Arkansas 2022 Individual Income Tax Forms and Instructions
@@ -16,11 +17,16 @@ metadata:
     - filing_status
 JOINT:
   2022-01-01: 174_000
+  2023-01-01: 179_200
 SURVIVING_SPOUSE:
   2022-01-01: 87_000
+  2023-01-01: 89_600
 HEAD_OF_HOUSEHOLD:
   2022-01-01: 87_000
+  2023-01-01: 89_600
 SINGLE:
   2022-01-01: 87_000
+  2023-01-01: 89_600
 SEPARATE:
   2022-01-01: 87_000
+  2023-01-01: 89_600

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/low_income_credit/high_dep_inc_tax_credit_min_income.yaml

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+description: This is the minimum amount at which an Arkansas Resident is not exempt from taxes, for each filing status, 2 or more dependents
+metadata:
+  type: single_amount
+  period: year
+  unit: currency-USD
+  label: Arkansas income-tax credit minimum income
+  name: low_dep_inc_tax_credit_min_income
+  reference:
+    - title: Arkansas Code Title 26. Taxation § 26-51-301.
+      href: https://codes.findlaw.com/ar/title-26-taxation/ar-code-sect-26-51-301/
+    - title: Arkansas 2022 Tax Tables
+      href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_TaxTables.pdf
+  breakdown:
+    - filing_status
+JOINT:
+  2022-01-01: 27_292
+WIDOW:
+  2022-01-01: 22_790
+HEAD_OF_HOUSEHOLD:
+  2022-01-01: 22_790
+SINGLE:
+  2022-01-01: 13_447
+SEPARATE:
+  2022-01-01: 0

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/low_income_credit/high_dep_inc_tax_credit_phaseout_rate.yaml

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+description: Arkansas's low income tax credit is reduced by this amount for each additional $100 in income. Units with 2 or more dependents
+metadata:
+  type: single_amount
+  period: year
+  unit: currency-USD
+  label: Arkansas income-tax credit phaseout rate
+  name: high_dep_inc_tax_credit_phaseout_rate
+  reference:
+    - title: Arkansas Code Title 26. Taxation § 26-51-301. Subsection f
+      href: https://codes.findlaw.com/ar/title-26-taxation/ar-code-sect-26-51-301/
+  breakdown:
+    - filing_status
+JOINT:
+  2022-01-01: 7
+WIDOW:
+  2022-01-01: 9
+HEAD_OF_HOUSEHOLD:
+  2022-01-01: 9
+SINGLE:
+  2022-01-01: 4
+SEPARATE:
+  2022-01-01: 0

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/low_income_credit/income_tax_credit_pct.yaml

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+description: Arkansas' low income tax credit is this percentage of the tax due on the lowest amount of income at which one is not exempt from taxes for each filing status.
+values:
+  2022-01-01: 0.8
+metadata:
+  type: single_amount
+  reference:
+    - title: Arkansas Code Title 26. Taxation § 26-51-301. Subsection f
+      href: https://codes.findlaw.com/ar/title-26-taxation/ar-code-sect-26-51-301/
+  unit: /1
+  period: year
+  name: income_tax_credit_pct
+  label: AR low income tax credit percent

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/low_income_credit/low_dep_inc_tax_credit_min_income.yaml

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+description: This is the minimum amount at which an Arkansas Resident is not exempt from taxes, for each filing status, 1 or fewer dependents
+metadata:
+  type: single_amount
+  period: year
+  unit: currency-USD
+  label: Arkansas income-tax credit minimum income
+  name: low_dep_inc_tax_credit_min_income
+  reference:
+    - title: Arkansas Code Title 26. Taxation § 26-51-301.
+      href: https://codes.findlaw.com/ar/title-26-taxation/ar-code-sect-26-51-301/
+    - title: Arkansas 2022 Tax Tables
+      href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_TaxTables.pdf
+
+  breakdown:
+    - filing_status
+JOINT:
+  2022-01-01: 22_676
+WIDOW:
+  2022-01-01: 19_118
+HEAD_OF_HOUSEHOLD:
+  2022-01-01: 19_118
+SINGLE:
+  2022-01-01: 13_447
+SEPARATE:
+  2022-01-01: 0

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/low_income_credit/low_dep_inc_tax_credit_phaseout_rate.yaml

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+description: Arkansas's low income tax credit is reduced by this amount for each additional $100 in income. Units with one or fewer dependents
+metadata:
+  type: single_amount
+  period: year
+  unit: currency-USD
+  label: Arkansas income-tax credit phaseout rate
+  name: low_dep_inc_tax_credit_phaseout_rate
+  reference:
+    - title: Arkansas Code Title 26. Taxation § 26-51-301. Subsection f
+      href: https://codes.findlaw.com/ar/title-26-taxation/ar-code-sect-26-51-301/
+
+  breakdown:
+    - filing_status
+JOINT:
+  2022-01-01: 7
+WIDOW:
+  2022-01-01: 6
+HEAD_OF_HOUSEHOLD:
+  2022-01-01: 6
+SINGLE:
+  2022-01-01: 4
+SEPARATE:
+  2022-01-01: 0

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/non_refundable.yaml

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 description: Arkansas provides these nonrefundable income tax credits.
 values:
   2022-01-01:
-    - ar_inflation_relief_credit
+    - ar_inflationary_relief_tax_credit
+    - ar_personal_credits
+    - ar_stillborn_child_credit
+    - ar_political_contribution_credit
+    - ar_other_state_credit
+    - ar_metabolic_disorder_credit
+    - ar_adoption_expense_credit
+    - ar_additional_tax_credit
+    - ar_business_credits
+    - ar_nonrefundable_cdcc
 metadata:
   reference:
     - title: Inflationary relief income-tax credit worksheet

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/other_credits/additional_amount.yaml

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+description: Arkansas grants taxpayers this additional credit. married Filing Jointly - double the credit amount
+metadata:
+  type: single_amount
+  threshold_unit: currency-USD
+  label: Arkansas additional income tax credit
+  reference:
+  - title: 2022 AR 1000F Arkansas Individual Income Tax Return (line 36)
+    href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_AR1000F_FullYearResidentIndividualIncomeTaxReturn.pdf
+
+  - title: 2022 Additional Tax Credit For Qualified Individuals Worksheet
+    href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_Final_AdditionalTaxCreditforQualifiedIndividuals_FI.pdf
+
+brackets:
+  - threshold:
+      2022-01-01: 0
+    amount:
+      2022-01-01: 60
+  - threshold:
+      2022-01-01: 24_301
+      2023-01-01: 25_001
+    amount:
+      2022-01-01: 55
+  - threshold:
+      2022-01-01: 24_401
+      2023-01-01: 25_101
+    amount:
+      2022-01-01: 50
+  - threshold:
+      2022-01-01: 24_501
+      2023-01-01: 25_201
+    amount:
+      2022-01-01: 45
+  - threshold:
+      2022-01-01: 24_601
+      2023-01-01: 25_301
+    amount:
+      2022-01-01: 40
+  - threshold:
+      2022-01-01: 24_701
+      2023-01-01: 25_401
+    amount:
+      2022-01-01: 35
+  - threshold:
+      2022-01-01: 24_801
+      2023-01-01: 25_501
+    amount:
+      2022-01-01: 30
+  - threshold:
+      2022-01-01: 24_901
+      2023-01-01: 25_601
+    amount:
+      2022-01-01: 25
+  - threshold:
+      2022-01-01: 25_001
+      2023-01-01: 25_701
+    amount:
+      2022-01-01: 20
+  - threshold:
+      2022-01-01: 25_101
+      2023-01-01: 25_801
+    amount:
+      2022-01-01: 15
+  - threshold:
+      2022-01-01: 25_201
+      2023-01-01: 25_901
+    amount:
+      2022-01-01: 10
+  - threshold:
+      2022-01-01: 25_301
+      2023-01-01: 26_001
+    amount:
+      2022-01-01: 5
+  - threshold:
+      2022-01-01: 25_401
+      2023-01-01: 26_101
+    amount:
+      2022-01-01: 0

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/other_credits/additional_credit_joint_multiple.yaml

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+description: Arkansas multiplies the additional tax credit for qualifying individuals by this amount if the filing status is JOINT.
+values:
+  2022-01-01: 2
+metadata:
+  type: single_amount
+  reference:
+    - title: AR1000TC Arkansas Individual Income Tax Credits (Line 6)
+      href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_AR1000TC_Schedule_of_TaxCredits_andBusiness_IncentiveCredits.pdf
+    - title: ADDITIONAL TAX CREDIT FOR QUALIFIED INDIVIDUALS WORKSHEET
+      href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_Final_AdditionalTaxCreditforQualifiedIndividuals_FI.pdf
+  unit: /1
+  period: year
+  name: additional_credit_joint_multiple
+  label: AR additional credit joint multiple

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/other_credits/adoption_credit.yaml

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+description: Arkansas matches up to this share of the federal Adoption Expense Credit.
+values:
+  2022-01-01: 0.20
+metadata:
+  type: single_amount
+  reference:
+    - title: AR1000TC Arkansas Individual Income Tax Credits (Line 3)
+      href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_AR1000TC_Schedule_of_TaxCredits_andBusiness_IncentiveCredits.pdf
+    - title: AR1000TC Arkansas Individual Income Tax Credits Instructions (Line 3)
+      href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_AR1000TC_Schedule_of_TaxCredits_andBusiness_IncentiveCredits_Instructions.pdf
+  unit: /1
+  period: year
+  name: ar_adoption_credit
+  label: AR percent of federal Adoption Expense Credit

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/other_credits/metabolic.yaml

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+description: AR1113 PHENYLKETONURIA DISORDER AND OTHER METABOLIC DISORDERS MAX CREDIT
+values:
+  2022-01-01: 2_400
+metadata:
+  type: single_amount
+  reference:
+    - title: 2022 AR1113 PHENYLKETONURIA DISORDER AND OTHER METABOLIC DISORDERS CREDIT (line 4)
+      href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_AR1113_PhenylketonuriaOtherMetabolicDisordersCredit.pdf
+  unit: currency-USD
+  period: year
+  label: PHENYLKETONURIA DISORDER AND OTHER METABOLIC DISORDERS MAX CREDIT

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/other_credits/political_contrib.yaml

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+description: Arkansas Other Tax Credits - Political Contribution Credit (per Taxpayer)
+values:
+  2022-01-01: 50
+metadata:
+  type: single_amount
+  reference:
+    - title: AR1000TC Arkansas Individual Income Tax Credits (Line 1)
+      href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_AR1000TC_Schedule_of_TaxCredits_andBusiness_IncentiveCredits.pdf
+    - title: AR1000TC Arkansas Individual Income Tax Credits Instructions (Line 1)
+      href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_AR1000TC_Schedule_of_TaxCredits_andBusiness_IncentiveCredits_Instructions.pdf
+  unit: currency-USD
+  period: year
+  label: Arkansas Other Tax Credits - Political Contribution Credit
+  breakdown:
+    - filing_status
+JOINT:
+  2022-01-01: 100
+WIDOW:
+  2022-01-01: 50
+HEAD_OF_HOUSEHOLD:
+  2022-01-01: 50
+SINGLE:
+  2022-01-01: 50
+SEPARATE:
+  2022-01-01: 50

fiscalsim_us/parameters/gov/states/ar/tax/income/credits/other_credits/stillbirth_credit.yaml

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+description: Arkansas Max Allowable Stillbirth Tax Credit Amount
+values:
+  2022-01-01: 500
+metadata:
+  type: single_amount
+  reference:
+    - title: AR1000TC Arkansas Individual Income Tax Credits (Line 5)
+      href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_AR1000TC_Schedule_of_TaxCredits_andBusiness_IncentiveCredits.pdf
+    - title: AR1000TC Arkansas Individual Income Tax Credits Instructions (Line 5)
+      href: https://www.dfa.arkansas.gov/images/uploads/incomeTaxOffice/2022_AR1000TC_Schedule_of_TaxCredits_andBusiness_IncentiveCredits_Instructions.pdf
+  unit: /1
+  period: year
+  name: ar_stillbirth_credit
+  label: AR Max Allowable Stillbirth Tax Credit Amount