New York Inflation Rebates 2025

changelog_entry.yaml

@@ -0,0 +1,4 @@
+- bump: minor
+  changes:
+    added:
+      - 2025 New York Inflation Rebates.

policyengine_us/parameters/gov/contrib/states/ny/inflation_rebates/head_of_household.yaml

@@ -0,0 +1,21 @@
+description: New York provides the following 2025 Inflation Rebate amount for head of household filers, based on state adjusted gross income.
+
+brackets:
+  - threshold:
+      2025-01-01: 0
+    amount:
+      2025-01-01: 300
+  - threshold:
+      2025-01-01: 150_000
+    amount:
+      2025-01-01: 0
+
+
+metadata:
+  type: single_amount
+  amount_unit: currency-USD
+  threshold_unit: currency-USD
+  label: New York 2025 Inflaton Rebate head of household amount
+  reference:
+    - title: New York State Governor Hochul Proposes Sending 8.6 Million New Yorkers an Inflation Refund Check as First Proposal of 2025 State of the State
+      href: https://www.governor.ny.gov/news/money-your-pockets-governor-hochul-proposes-sending-86-million-new-yorkers-inflation-refund

policyengine_us/parameters/gov/contrib/states/ny/inflation_rebates/in_effect.yaml

@@ -0,0 +1,9 @@
+description: New York's inflation rebates are in effect if this is true.
+
+values:
+  0000-01-01: false
+
+metadata:
+  unit: bool
+  period: year
+  label: New York inflation rebates in effect

policyengine_us/parameters/gov/contrib/states/ny/inflation_rebates/joint.yaml

@@ -0,0 +1,21 @@
+description: New York provides the following 2025 Inflation Rebate amount for joint filers, based on state adjusted gross income.
+
+brackets:
+  - threshold:
+      2025-01-01: 0
+    amount:
+      2025-01-01: 500
+  - threshold:
+      2025-01-01: 300_000
+    amount:
+      2025-01-01: 0
+
+
+metadata:
+  type: single_amount
+  amount_unit: currency-USD
+  threshold_unit: currency-USD
+  label: New York 2025 Inflaton Rebate joint amount
+  reference:
+    - title: New York State Governor Hochul Proposes Sending 8.6 Million New Yorkers an Inflation Refund Check as First Proposal of 2025 State of the State
+      href: https://www.governor.ny.gov/news/money-your-pockets-governor-hochul-proposes-sending-86-million-new-yorkers-inflation-refund

policyengine_us/parameters/gov/contrib/states/ny/inflation_rebates/separate.yaml

@@ -0,0 +1,21 @@
+description: New York provides the following 2025 Inflation Rebate amount for separate filers, based on state adjusted gross income.
+
+brackets:
+  - threshold:
+      2025-01-01: 0
+    amount:
+      2025-01-01: 250
+  - threshold:
+      2025-01-01: 150_000
+    amount:
+      2025-01-01: 0
+
+
+metadata:
+  type: single_amount
+  amount_unit: currency-USD
+  threshold_unit: currency-USD
+  label: New York 2025 Inflaton Rebate separate amount
+  reference:
+    - title: New York State Governor Hochul Proposes Sending 8.6 Million New Yorkers an Inflation Refund Check as First Proposal of 2025 State of the State
+      href: https://www.governor.ny.gov/news/money-your-pockets-governor-hochul-proposes-sending-86-million-new-yorkers-inflation-refund

policyengine_us/parameters/gov/contrib/states/ny/inflation_rebates/single.yaml

@@ -0,0 +1,21 @@
+description: New York provides the following 2025 Inflation Rebate amount for single filers, based on state adjusted gross income.
+
+brackets:
+  - threshold:
+      2025-01-01: 0
+    amount:
+      2025-01-01: 300
+  - threshold:
+      2025-01-01: 150_000
+    amount:
+      2025-01-01: 0
+
+
+metadata:
+  type: single_amount
+  amount_unit: currency-USD
+  threshold_unit: currency-USD
+  label: New York 2025 Inflaton Rebate single amount
+  reference:
+    - title: New York State Governor Hochul Proposes Sending 8.6 Million New Yorkers an Inflation Refund Check as First Proposal of 2025 State of the State
+      href: https://www.governor.ny.gov/news/money-your-pockets-governor-hochul-proposes-sending-86-million-new-yorkers-inflation-refund

policyengine_us/parameters/gov/contrib/states/ny/inflation_rebates/surviving_spouse.yaml

@@ -0,0 +1,21 @@
+description: New York provides the following 2025 Inflation Rebate amount for surviving spouses, based on state adjusted gross income.
+
+brackets:
+  - threshold:
+      2025-01-01: 0
+    amount:
+      2025-01-01: 500
+  - threshold:
+      2025-01-01: 300_000
+    amount:
+      2025-01-01: 0
+
+
+metadata:
+  type: single_amount
+  amount_unit: currency-USD
+  threshold_unit: currency-USD
+  label: New York 2025 Inflaton Rebate surviving spouse amount
+  reference:
+    - title: New York State Governor Hochul Proposes Sending 8.6 Million New Yorkers an Inflation Refund Check as First Proposal of 2025 State of the State
+      href: https://www.governor.ny.gov/news/money-your-pockets-governor-hochul-proposes-sending-86-million-new-yorkers-inflation-refund

policyengine_us/reforms/reforms.py

@@ -74,6 +74,9 @@
 )
 from .states.dc.property_tax import create_dc_property_tax_credit_reform
 
+from .states.ny.inflation_rebates import (
+    create_ny_2025_inflation_rebates_reform,
+)
 
 from .deductions.salt import (
     create_limit_salt_deduction_to_property_taxes_reform,
@@ -170,6 +173,9 @@ def create_structural_reforms_from_parameters(parameters, period):
     dc_property_tax_credit = create_dc_property_tax_credit_reform(
         parameters, period
     )
+    ny_2025_inflation_rebates = create_ny_2025_inflation_rebates_reform(
+        parameters, period
+    )
     limit_salt_deduction_to_property_taxes = (
         create_limit_salt_deduction_to_property_taxes_reform(
             parameters, period
@@ -210,6 +216,7 @@ def create_structural_reforms_from_parameters(parameters, period):
         abolish_snap_deductions,
         abolish_snap_net_income_test,
         dc_property_tax_credit,
+        ny_2025_inflation_rebates,
         limit_salt_deduction_to_property_taxes,
     ]
     reforms = tuple(filter(lambda x: x is not None, reforms))

policyengine_us/reforms/states/ny/inflation_rebates/__init__.py

@@ -0,0 +1,3 @@
+from .ny_2025_inflation_rebates import (
+    create_ny_2025_inflation_rebates_reform,
+)

policyengine_us/reforms/states/ny/inflation_rebates/ny_2025_inflation_rebates.py

@@ -0,0 +1,69 @@
+from policyengine_us.model_api import *
+from policyengine_core.periods import period as period_
+
+
+def create_ny_2025_inflation_rebates() -> Reform:
+    class ny_2025_inflation_rebates(Variable):
+        value_type = float
+        entity = TaxUnit
+        label = "New York 2025 inflation rebates"
+        unit = USD
+        definition_period = YEAR
+        reference = "https://www.governor.ny.gov/news/money-your-pockets-governor-hochul-proposes-sending-86-million-new-yorkers-inflation-refund"
+        defined_for = StateCode.NY
+
+        def formula(tax_unit, period, parameters):
+            p = parameters(period).gov.contrib.states.ny.inflation_rebates
+            agi = tax_unit("ny_agi", period)
+            filing_status = tax_unit("filing_status", period)
+            filing_statuses = filing_status.possible_values
+            return select(
+                [
+                    filing_status == filing_statuses.SINGLE,
+                    filing_status == filing_statuses.JOINT,
+                    filing_status == filing_statuses.HEAD_OF_HOUSEHOLD,
+                    filing_status == filing_statuses.SEPARATE,
+                    filing_status == filing_statuses.SURVIVING_SPOUSE,
+                ],
+                [
+                    p.single.calc(agi, right=True),
+                    p.joint.calc(agi, right=True),
+                    p.head_of_household.calc(agi, right=True),
+                    p.separate.calc(agi, right=True),
+                    p.surviving_spouse.calc(agi, right=True),
+                ],
+            )
+
+    class reform(Reform):
+        def apply(self):
+            self.update_variable(ny_2025_inflation_rebates)
+
+    return reform
+
+
+def create_ny_2025_inflation_rebates_reform(
+    parameters, period, bypass: bool = False
+):
+    if bypass:
+        return create_ny_2025_inflation_rebates()
+
+    p = parameters.gov.contrib.states.ny.inflation_rebates
+
+    reform_active = False
+    current_period = period_(period)
+
+    for i in range(5):
+        if p(current_period).in_effect:
+            reform_active = True
+            break
+        current_period = current_period.offset(1, "year")
+
+    if reform_active:
+        return create_ny_2025_inflation_rebates()
+    else:
+        return None
+
+
+ny_2025_inflation_rebates = create_ny_2025_inflation_rebates_reform(
+    None, None, bypass=True
+)

policyengine_us/tests/policy/contrib/states/ny/ny_2025_inflation_rebates.yaml

@@ -0,0 +1,65 @@
+- name: Single person, eligible
+  period: 2025
+  reforms: policyengine_us.reforms.states.ny.inflation_rebates.ny_2025_inflation_rebates.ny_2025_inflation_rebates
+  input:
+    gov.contrib.states.ny.inflation_rebates.in_effect: true
+    state_code: NY
+    ny_agi: 150_000
+    filing_status: SINGLE
+  output:
+    ny_2025_inflation_rebates: 300
+
+- name: Single person, ineligible
+  period: 2025
+  reforms: policyengine_us.reforms.states.ny.inflation_rebates.ny_2025_inflation_rebates.ny_2025_inflation_rebates
+  input:
+    gov.contrib.states.ny.inflation_rebates.in_effect: true
+    state_code: NY
+    ny_agi: 150_001
+    filing_status: SINGLE
+  output:
+    ny_2025_inflation_rebates: 0
+
+- name: Separate person, eligible
+  period: 2025
+  reforms: policyengine_us.reforms.states.ny.inflation_rebates.ny_2025_inflation_rebates.ny_2025_inflation_rebates
+  input:
+    gov.contrib.states.ny.inflation_rebates.in_effect: true
+    state_code: NY
+    ny_agi: 150_000
+    filing_status: SEPARATE
+  output:
+    ny_2025_inflation_rebates: 250
+
+- name: Separate person, ineligible
+  period: 2025
+  reforms: policyengine_us.reforms.states.ny.inflation_rebates.ny_2025_inflation_rebates.ny_2025_inflation_rebates
+  input:
+    gov.contrib.states.ny.inflation_rebates.in_effect: true
+    state_code: NY
+    ny_agi: 150_001
+    filing_status: SEPARATE
+  output:
+    ny_2025_inflation_rebates: 0 
+
+- name: Joint couple, eligible
+  period: 2025
+  reforms: policyengine_us.reforms.states.ny.inflation_rebates.ny_2025_inflation_rebates.ny_2025_inflation_rebates
+  input:
+    gov.contrib.states.ny.inflation_rebates.in_effect: true
+    state_code: NY
+    ny_agi: 300_000
+    filing_status: JOINT
+  output:
+    ny_2025_inflation_rebates: 500
+
+- name: Joint couple, ineligible
+  period: 2025
+  reforms: policyengine_us.reforms.states.ny.inflation_rebates.ny_2025_inflation_rebates.ny_2025_inflation_rebates
+  input:
+    gov.contrib.states.ny.inflation_rebates.in_effect: true
+    state_code: NY
+    ny_agi: 300_001
+    filing_status: JOINT
+  output:
+    ny_2025_inflation_rebates: 0