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us-ma/statute/62/6/block-1 — Section 6 · Axiom

Section 6

Official source

General Laws

Part I ADMINISTRATION OF THE GOVERNMENT

Title IX TAXATION

Chapter 62 TAXATION OF INCOMES

Section 6 Credits

in view

Whole section

▸rulespec code

Shown source

statutes/62/6.yaml

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This encoding covers the parent provision us-ma/statute/62/6; no dedicated encoding exists for this exact provision yet.

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Rules

lead_full_compliance_credit_unit_cap

Parameter

source: 6(e)

- name: lead_full_compliance_credit_unit_cap
  kind: parameter
  dtype: Money
  unit: USD
  source: 6(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: $3,000 per dwelling unit, whichever is less
  versions:
    - effective_from: '2023-01-01'
      formula: '3000'

lead_interim_control_credit_rate

Parameter

source: 6(e)

- name: lead_interim_control_credit_rate
  kind: parameter
  dtype: Rate
  source: 6(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: one-half the cost
  versions:
    - effective_from: '2023-01-01'
      formula: '0.50'

lead_interim_control_credit_unit_cap

Parameter

source: 6(e)

- name: lead_interim_control_credit_unit_cap
  kind: parameter
  dtype: Money
  unit: USD
  source: 6(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: $1,000 per dwelling unit, whichever is less
  versions:
    - effective_from: '2023-01-01'
      formula: '1000'

lead_credit_carryforward_years

Parameter

source: 6(e)

- name: lead_credit_carryforward_years
  kind: parameter
  dtype: Count
  source: 6(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: succeeding seven taxable years
  versions:
    - effective_from: '2023-01-01'
      formula: '7'

ma_earned_income_credit_rate

Parameter

source: 6(h)

- name: ma_earned_income_credit_rate
  kind: parameter
  dtype: Rate
  source: 6(h)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: shall equal 40 per cent of the federal credit
  versions:
    - effective_from: '2023-01-01'
      formula: '0.40'

ma_earned_income_credit

Derived

source: 6(h)

- name: ma_earned_income_credit
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 6(h)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: >-
              if that person qualified for and claimed the earned income credit allowed under
              section 32
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: limited to 40 per cent of the federal credit multiplied by a fraction
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: >-
              A person who is a nonresident for the entire taxable year shall not be allowed the
              credit.
  versions:
    - effective_from: '2023-01-01'
      formula: >-
        if taxpayer_qualified_for_and_claimed_federal_earned_income_credit and not
        nonresident_for_entire_taxable_year:
          if nonresident_for_part_of_taxable_year:
            max(0, federal_earned_income_credit_received) * ma_earned_income_credit_rate * days_resided_in_commonwealth / days_in_taxable_year
          else:
            max(0, federal_earned_income_credit_received) * ma_earned_income_credit_rate
        else:
          0

loading…

Section 6

Official source

General Laws

Part I ADMINISTRATION OF THE GOVERNMENT

Title IX TAXATION

Chapter 62 TAXATION OF INCOMES

Section 6 Credits

in view

Whole section

▸rulespec code

Shown source

statutes/62/6.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us-ma/statute/62/6; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

lead_full_compliance_credit_unit_cap

Parameter

source: 6(e)

- name: lead_full_compliance_credit_unit_cap
  kind: parameter
  dtype: Money
  unit: USD
  source: 6(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: $3,000 per dwelling unit, whichever is less
  versions:
    - effective_from: '2023-01-01'
      formula: '3000'

lead_interim_control_credit_rate

Parameter

source: 6(e)

- name: lead_interim_control_credit_rate
  kind: parameter
  dtype: Rate
  source: 6(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: one-half the cost
  versions:
    - effective_from: '2023-01-01'
      formula: '0.50'

lead_interim_control_credit_unit_cap

Parameter

source: 6(e)

- name: lead_interim_control_credit_unit_cap
  kind: parameter
  dtype: Money
  unit: USD
  source: 6(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: $1,000 per dwelling unit, whichever is less
  versions:
    - effective_from: '2023-01-01'
      formula: '1000'

lead_credit_carryforward_years

Parameter

source: 6(e)

- name: lead_credit_carryforward_years
  kind: parameter
  dtype: Count
  source: 6(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: succeeding seven taxable years
  versions:
    - effective_from: '2023-01-01'
      formula: '7'

ma_earned_income_credit_rate

Parameter

source: 6(h)

- name: ma_earned_income_credit_rate
  kind: parameter
  dtype: Rate
  source: 6(h)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: shall equal 40 per cent of the federal credit
  versions:
    - effective_from: '2023-01-01'
      formula: '0.40'

ma_earned_income_credit

Derived

source: 6(h)

- name: ma_earned_income_credit
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 6(h)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: >-
              if that person qualified for and claimed the earned income credit allowed under
              section 32
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: limited to 40 per cent of the federal credit multiplied by a fraction
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-ma/statute/62/6
            excerpt: >-
              A person who is a nonresident for the entire taxable year shall not be allowed the
              credit.
  versions:
    - effective_from: '2023-01-01'
      formula: >-
        if taxpayer_qualified_for_and_claimed_federal_earned_income_credit and not
        nonresident_for_entire_taxable_year:
          if nonresident_for_part_of_taxable_year:
            max(0, federal_earned_income_credit_received) * ma_earned_income_credit_rate * days_resided_in_commonwealth / days_in_taxable_year
          else:
            max(0, federal_earned_income_credit_received) * ma_earned_income_credit_rate
        else:
          0