*** IMPORTANT NOTE *** PENSIM:RUN.use_inctax must be set to true (T) in order to activate income-tax logic in PENSIM and GEMINI:RUN.use_inctax must be set to true (T) in order to activate income-tax logic in GEMINI.
Parent table is: INCTAX
There are no child tables.
Go to PENSIM input parameters overview
PENSIM: ITCCREF . id
Identifies policy parameters that can vary across calendar years, so more than one row can have the same id value.
Valid values: 1 to 999999999, Integer
PENSIM: ITCCREF . notes
Describes specification of table row in free-form note.
Valid values: any ASCII text, Memo (Note: do not copy and paste from a word processor because of the possibility of embedded non-ASCII characters.
PENSIM: ITCCREF . cal_year
Calendar year for which policy parameter values apply.
Valid values: 2004 to LAST, Integer where LAST is cohort birth year plus 134 years
PENSIM: ITCCREF . earn_rate
Percentage rate applied to earnings in excess of earn_amt in calculating maximum credit.
Valid values: 0.0 to 50.0, Real
PENSIM: ITCCREF . adhoc_amt
Specifies whether or not indexing of the earnings amount used in the maximum credit calculation is suspended for this year and the value for dollar amount is taken to be the value specified in the table. True implies no indexing; false implies ignore value in table. Important note: be sure to set adhoc_amt to false in the year after it is true if indexing is to resume after a one-time change in the amount; if this is not done, the last adhoc amount is extrapolated into the future without any indexing.
Valid values: T (=1) or F (=0) (for true or false), Logical
PENSIM: ITCCREF . earn_amt
Annual dollar amount of earnings below which the filing unit is ineligible for a refundable child credit. The value of this parameter can be influenced by ITCCREF.adhoc_amt parameter when being indexed.
Valid values: 0 to 999999, Integer Interpolated as a real number.