Update Utah 2025 State Tax Parameters

Fixes #5547
PolicyEngine · Feb 3, 2025 · 40766b3 · 40766b3
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Showing 9 changed files with 28 additions and 7 deletions.
diff --git a/policyengine_us/parameters/gov/states/ut/tax/income/credits/ctc/reduction/rate.yaml b/policyengine_us/parameters/gov/states/ut/tax/income/credits/ctc/reduction/rate.yaml
@@ -10,3 +10,5 @@ metadata:
       href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1047.html?v=C59-10-S1047_2023050320240101
     - title: Utah Code §59-10-1047 (4) # Law effective 2025
       href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1047.html?v=C59-10-S1047_2025010120240501
+    - title: Utah Code §59-10-1047 (4) # Current version; last viewed on 2025-02-03
+      href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1047.html
diff --git a/policyengine_us/parameters/gov/states/ut/tax/income/credits/ctc/reduction/start.yaml b/policyengine_us/parameters/gov/states/ut/tax/income/credits/ctc/reduction/start.yaml
@@ -11,6 +11,8 @@ metadata:
       href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1047.html?v=C59-10-S1047_2023050320240101
     - title: Utah Code §59-10-1047 (4) # Law effective 2025
       href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1047.html?v=C59-10-S1047_2025010120240501
+    - title: Utah Code §59-10-1047 (4) # Current version; last viewed on 2025-02-03
+      href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1047.html
 
 SINGLE:
   2024-01-01: 43_000

diff --git a/policyengine_us/parameters/gov/states/ut/tax/income/credits/earned_income/rate.yaml b/policyengine_us/parameters/gov/states/ut/tax/income/credits/earned_income/rate.yaml
@@ -7,7 +7,7 @@ metadata:
   period: year
   label: Utah EITC match
   reference:
-    - title: Utah legal code| UC §59-10-1044 (2) (a)  #The percentage increased in 2023 to 20%
+    - title: Utah legal code| UC §59-10-1044 (2) (a)  #The percentage increased in 2023 to 20%; still 20% as of 2025
       href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1044.html 
     - title: Utah TC-40  Utah Individual Income Tax Form #The credit was introduced in 2022
       href: https://www.taxformfinder.org/forms/2021/2021-utah-tc-40-full-packet.pdf 

diff --git a/policyengine_us/parameters/gov/states/ut/tax/income/credits/ss_benefits/phase_out/rate.yaml b/policyengine_us/parameters/gov/states/ut/tax/income/credits/ss_benefits/phase_out/rate.yaml
@@ -4,7 +4,7 @@ values:
 metadata:
   unit: /1
   reference:
-    - title: Utah Code §59-10-1044 (4)
+    - title: Utah Code §59-10-1042 (4)
       href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1042.html
     - title: 2021 Utah Individual Income Tax Form
       href: https://www.taxformfinder.org/forms/2021/2021-utah-tc-40-full-packet.pdf#page=20

diff --git a/...ngine_us/parameters/gov/states/ut/tax/income/credits/ss_benefits/phase_out/threshold.yaml b/...ngine_us/parameters/gov/states/ut/tax/income/credits/ss_benefits/phase_out/threshold.yaml
@@ -3,22 +3,27 @@ SINGLE:
   2021-01-01: 30_000
   2022-01-01: 37_000
   2023-01-01: 45_000
+  2024-01-01: 45_000
 JOINT:
   2021-01-01: 50_000
   2022-01-01: 62_000
   2023-01-01: 75_000
+  2024-01-01: 75_000
 SEPARATE:
   2021-01-01: 25_000
   2022-01-01: 31_000
   2023-01-01: 37_500
+  2024-01-01: 37_500
 SURVIVING_SPOUSE:
   2021-01-01: 50_000
   2022-01-01: 62_000
   2023-01-01: 75_000
+  2024-01-01: 75_000
 HEAD_OF_HOUSEHOLD:
   2021-01-01: 50_000
   2022-01-01: 62_000
   2023-01-01: 75_000
+  2024-01-01: 75_000
 metadata:
   unit: currency-USD
   period: year
@@ -27,5 +32,5 @@ metadata:
       href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1042.html
     - title: 2021 Utah Individual Income Tax Form
       href: https://www.taxformfinder.org/forms/2021/2021-utah-tc-40-full-packet.pdf#page=20
-    - title: 2023 TC-40  Utah Individual Income Tax Form
+    - title: TC-40  Utah Individual Income Tax Form # Current version; last viewed on 2025-02-03
       href: https://tax.utah.gov/forms/current/tc-40inst.pdf#page=23
diff --git a/policyengine_us/parameters/gov/states/ut/tax/income/credits/taxpayer/personal_exemption.yaml b/policyengine_us/parameters/gov/states/ut/tax/income/credits/taxpayer/personal_exemption.yaml
@@ -3,6 +3,7 @@ values:
   2021-01-01: 1_750
   2022-01-01: 1_802
   2023-01-01: 1_941
+  2024-01-01: 2_046
 metadata:
   unit: currency-USD
   uprating: gov.irs.uprating
@@ -11,7 +12,9 @@ metadata:
   reference:
     - title: Utah Code §59-10-1018 (6)
       href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1018.html?v=C59-10-S1018_2021050520210505#59-10-1018(6)
+    - title: Utah Code §59-10-1018 (6) # Current version; last viewed on 2025-02-03
+      href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1018.html
     - title: Utah Form TC-40 (2021) line 11
       href: https://www.taxformfinder.org/forms/2021/2021-utah-tc-40-full-packet.pdf#page=9
-    - title: 2023 TC-40  Utah Individual Income Tax Form (Line 11)
+    - title: 2024 TC-40  Utah Individual Income Tax Form (Line 11)
       href: https://tax.utah.gov/forms/current/tc-40inst.pdf#page=10
diff --git a/...cyengine_us/parameters/gov/states/ut/tax/income/credits/taxpayer/phase_out/threshold.yaml b/...cyengine_us/parameters/gov/states/ut/tax/income/credits/taxpayer/phase_out/threshold.yaml
@@ -3,22 +3,27 @@ SINGLE:
   2021-01-01: 15_095
   2022-01-01: 15_548
   2023-01-01: 16_742
+  2024-01-01: 17_652
 JOINT:
   2021-01-01: 30_190
   2022-01-01: 31_096
   2023-01-01: 33_484
+  2024-01-01: 35_304
 HEAD_OF_HOUSEHOLD:
   2021-01-01: 22_643
   2022-01-01: 23_322
   2023-01-01: 25_114
+  2024-01-01: 26_478
 SEPARATE:
   2021-01-01: 15_095
   2022-01-01: 15_548
   2023-01-01: 16_742
+  2024-01-01: 17_652
 SURVIVING_SPOUSE:
   2021-01-01: 30_190
   2022-01-01: 31_096
   2023-01-01: 33_484
+  2024-01-01: 35_304
 metadata:
   unit: currency-USD
   uprating: gov.irs.uprating
@@ -27,9 +32,11 @@ metadata:
   reference:
     - title: Utah Code §59-10-1018 (4)
       href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1018.html?v=C59-10-S1018_2021050520210505#59-10-1018(6)
+    - title: Utah Code §59-10-1018 (4) # Current version; last viewed on 2025-02-03
+      href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1018.html
     - title: Utah Form TC-40 (2022) line 17
       href: https://tax.utah.gov/forms/current/tc-40.pdf#page=1
     - title: Utah Form TC-40 (2021) line 17
       href: https://www.taxformfinder.org/forms/2021/2021-utah-tc-40-full-packet.pdf#page=10
-    - title: 2023 TC-40  Utah Individual Income Tax Form (Line 17)
+    - title: TC-40  Utah Individual Income Tax Form (Line 17) # Current version; last viewed on 2025-02-03
       href: https://tax.utah.gov/forms/current/tc-40inst.pdf#page=10
diff --git a/policyengine_us/parameters/gov/states/ut/tax/income/credits/taxpayer/rate.yaml b/policyengine_us/parameters/gov/states/ut/tax/income/credits/taxpayer/rate.yaml
@@ -11,3 +11,5 @@ metadata:
       href: https://www.taxformfinder.org/forms/2021/2021-utah-tc-40-full-packet.pdf#page=10
     - title: 2023 TC-40  Utah Individual Income Tax Form (Line 16)
       href: https://tax.utah.gov/forms/current/tc-40inst.pdf#page=10
+    - title: Utah Code §59-10-1018 (2) # as of 2025-02-03
+      href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1018.html?v=C59-10-S1018_2023050320230503
diff --git a/policyengine_us/parameters/gov/states/ut/tax/income/rate.yaml b/policyengine_us/parameters/gov/states/ut/tax/income/rate.yaml
@@ -18,5 +18,5 @@ metadata:
       href: https://le.utah.gov/xcode/historical.html?date=8/17/2022&oc=/xcode/Title59/Chapter10/C59-10-S104_2022050420220504.html
     - title: 2023 Utah Code 59-10-104 (2) (b) # The rate was changed to 0.0465 in May 2023
       href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S104.html?v=C59-10-S104_2022050420220504
-    - title: Utah Code 59-10-104 (2) (b) # Current tax code
-      href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S104.html?v=C59-10-S104_2022050420220504
+    - title: Utah Code 59-10-104 (2) (b) # Current tax code; last viewed on 2025-02-03; the rate was changed to 0.0455 on Jan 1 2024
+      href: https://le.utah.gov/xcode/Title59/Chapter10/59-10-S104.html?v=C59-10-S104_2024010120240501