ᵃThe marginal effective tax rates in the first column of Table 3 are calculated using the open source Cost of Capital Calculator model and calculating the METR on machines for the average business. All code for these calculations is available in the Jupyter notebook MO_CorpRateCut.ipynb in the public repository for this article and in the corresponding Google Colab notebook that performs the computations from your browser in the cloud.
ᵇThe changes in 2023 state revenue in the second column of Table 3 assume that the losses equal the amounts of revenue from those policies from fiscal year 2022 in Table 2.