Update Louisiana tax logic parameters, variables, and tests

CHANGELOG.md

@@ -6,6 +6,12 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
 
+## [0.3.4] - 2024-11-14 00:30:00
+
+### Added
+
+- Updated and fixed Louisiana parameters, variables and tests.
+
 ## [0.3.3] - 2024-11-07 23:30:00
 
 ### Added
@@ -239,6 +245,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - First prototype version based off of openfisca-us and tax-calculator.
 
 
+[0.3.4]: https://github.com/TheCGO/fiscalsim-us/compare/v0.3.3...v0.3.4
 [0.3.3]: https://github.com/TheCGO/fiscalsim-us/compare/v0.3.2...v0.3.3
 [0.3.2]: https://github.com/TheCGO/fiscalsim-us/compare/v0.3.1...v0.3.2
 [0.3.1]: https://github.com/TheCGO/fiscalsim-us/compare/v0.3.0...v0.3.1

changelog.yaml

@@ -214,3 +214,8 @@
       - Updated and fixed Kentucky, Maryland, and Vermont parameters, variables and tests.
       - Removed `tools/taxcalc/` directory
   date: 2024-11-07 23:30:00
+- bump: patch
+  changes:
+    added:
+      - Updated and fixed Louisiana parameters, variables and tests.
+  date: 2024-11-14 00:30:00

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

@@ -0,0 +1 @@
+# Louisiana

fiscalsim_us/parameters/gov/states/la/tax/income/credits/cdcc/README.md

@@ -0,0 +1 @@
+# Child and Dependent Care Credit

fiscalsim_us/parameters/gov/states/la/tax/income/credits/nonrefundable_p3/nonrefundable_child_care/income_mult.yaml → fiscalsim_us/parameters/gov/states/la/tax/income/credits/cdcc/non_refundable/match.yaml

@@ -1,6 +1,10 @@
-description: Income multiplier for Louisiana non-refundable child care tax credit
+description: Louisiana matches this percentage of the federal child and dependent care credit, depending on federal adjusted gross income, as the non-refundable state CDCC.
 
 brackets:
+  - threshold:
+      2006-01-01: 0
+    amount:
+      2006-01-01: 0
   - threshold:
       2006-01-01: 25_000
     amount:
@@ -14,15 +18,18 @@ brackets:
     amount:
       2006-01-01: 0.1
 
+
 metadata:
   type: single_amount
   threshold_unit: currency-USD
   amount_unit: /1
   period: year
-  label: Louisiana non-refundable child care credit income multiplier
+  label: Louisiana CDCC non-refundable match
   reference:
-    - title: §297.4. Reduction to tax due; certain child care expenses, part (A)(2)-(4)
+    - title: §297.4. Reduction to tax due; certain child care expenses, part (A)(1)
       href: http://legis.la.gov/Legis/Law.aspx?d=101769
+    - title: 2023 Louisiana Resident Income Tax Return, 2A
+      href: https://revenue.louisiana.gov/TaxForms/IT540WEB(2023)%20F.pdf#page=16
     - title: 2022 Louisiana Resident Income Tax Return
       href: https://revenue.louisiana.gov/TaxForms/IT540WEB(2022)%20F%20D2.pdf#page=16
     - title: 2021 Louisiana Resident Income Tax Return

fiscalsim_us/parameters/gov/states/la/tax/income/credits/cdcc/non_refundable/upper_bracket_cap.yaml

@@ -0,0 +1,18 @@
+description: Louisiana limits its non-refundable child and dependent care credit to this maximum amount, for filers with income in the top bracket.
+
+values:
+  2006-01-01: 25
+
+metadata:
+  period: year
+  unit: currency-USD
+  label: Louisiana non-refundable CDCC upper bracket cap
+  reference:
+    - title: §297.4. Reduction to tax due; certain child care expenses, part (A)(4)
+      href: http://legis.la.gov/Legis/Law.aspx?d=101769
+    - title: 2023 Louisiana Resident Income Tax Return, 2A
+      href: https://revenue.louisiana.gov/TaxForms/IT540WEB(2023)%20F.pdf#page=16
+    - title: 2022 Louisiana Resident Income Tax Return, 2A
+      href: https://revenue.louisiana.gov/TaxForms/IT540WEB(2022)%20F%20D2.pdf#page=16
+    - title: 2021 Louisiana Resident Income Tax Return, 2A
+      href: https://revenue.louisiana.gov/TaxForms/IT540WEB(2021)%20F.pdf#page=16

fiscalsim_us/parameters/gov/states/la/tax/income/credits/cdcc/refundable/match.yaml

@@ -0,0 +1,28 @@
+description: Louisiana matches this percentage of the federal child and dependent care credit, depending on federal adjusted gross income, as the non-refundable state CDCC.
+
+brackets:
+  - threshold:
+      2006-01-01: 0
+    amount:
+      2006-01-01: 0.25
+      2007-01-01: 0.5
+  - threshold:
+      2006-01-01: 25_000
+    amount:
+      2006-01-01: 0
+
+metadata:
+  type: single_amount
+  threshold_unit: currency-USD
+  amount_unit: /1
+  period: year
+  label: Louisiana CDCC refundable match
+  reference:
+    - title: §297.4. Reduction to tax due; certain child care expenses, part (A)(1) & (B)(1)
+      href: http://legis.la.gov/Legis/Law.aspx?d=101769
+    - title: 2023 Louisiana Resident Income Tax Return, 2A
+      href: https://revenue.louisiana.gov/TaxForms/IT540WEB(2023)%20F.pdf#page=14
+    - title: 2022 Louisiana Resident Income Tax Return
+      href: https://revenue.louisiana.gov/TaxForms/IT540WEB(2022)%20F.pdf#page=14
+    - title: 2021 Louisiana Resident Income Tax Return
+      href: https://revenue.louisiana.gov/TaxForms/IT540WEB(2021)%20F.pdf#page=14

fiscalsim_us/parameters/gov/states/la/tax/income/credits/eitc/README.md

@@ -0,0 +1 @@
+# Earned Income Tax Credit

fiscalsim_us/parameters/gov/states/la/tax/income/credits/eitc/match.yaml

@@ -0,0 +1,16 @@
+description: Louisiana matches this percent of the federal EITC.
+values:
+  2018-01-01: 0.035
+  2019-01-01: 0.05
+metadata:
+  unit: /1
+  label: Louisiana EITC match
+  reference:
+    - title: Louisiana legal code| RS 47:297.8, part (A)
+      href: https://www.legis.la.gov/legis/Law.aspx?d=453085
+    - title: General Information for Filing Your 2023 Louisiana Resident Individual Income Tax Return, line 15
+      href: https://revenue.louisiana.gov/TaxForms/IT540WEB(2023)%20F.pdf#page=2
+    - title: General Information for Filing Your 2022 Louisiana Resident Individual Income Tax Return, line 15
+      href: https://revenue.louisiana.gov/TaxForms/IT540iWEB(2022)D1.pdf#page=2
+    - title: General Information for Filing Your 2021 Louisiana Resident Individual Income Tax Return, line 16
+      href: https://revenue.louisiana.gov/TaxForms/IT540i(2021)%20Instructions.pdf#page=2

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

@@ -0,0 +1,8 @@
+description: Louisiana provides the following non-refundable tax credits.
+values:
+  2021-01-01: 
+    - la_non_refundable_cdcc
+metadata:
+  unit: list
+  period: year
+  label: Louisiana non-refundable tax credits

fiscalsim_us/parameters/gov/states/la/tax/income/credits/refundable.yaml

@@ -0,0 +1,16 @@
+description: Louisiana provides the following refundable tax credits.
+values:
+  2021-01-01:
+    - la_refundable_cdcc
+    - la_eitc
+metadata:
+  unit: list
+  period: year
+  label: Louisiana refundable tax credits
+  reference:
+    # CDCC reference
+    - title: Louisiana legal code | RS 47:297.4 Reduction to tax due; certain child care expenses (B)(2)
+      href: https://legis.la.gov/Legis/Law.aspx?d=101769
+    # EITC reference
+    - title: Louisiana legal code | RS 47:297.8 Earned income tax credit (B)
+      href: https://www.legis.la.gov/legis/Law.aspx?d=453085

fiscalsim_us/parameters/gov/states/la/tax/income/credits/school_readiness/age_threshold.yaml

@@ -0,0 +1,18 @@
+description: Louisiana provides the school readiness tax credit to filers with children below this age threshold.
+values:
+  2021-01-01: 6
+
+metadata:
+ period: year
+ unit: year
+ label: Louisiana school readiness tax credit child age threshold
+ reference:
+ # Legal code does not specify the child age
+ - title: R.S. 47:6104 
+   href: http://legis.la.gov/Legis/Law.aspx?d=453233
+ - title: 2023 Form IT-540-WEB
+   href: https://revenue.louisiana.gov/TaxForms/IT540WEB(2023)%20F.pdf#page=15
+ - title: 2022 Form IT-540-WEB
+   href: https://revenue.louisiana.gov/TaxForms/IT540WEB(2022)%20F%20D2.pdf#page=15
+ - title: 2021 Form IT-540-WEB
+   href: https://revenue.louisiana.gov/TaxForms/IT540WEB(2021)%20F.pdf#page=15