461-145-0600 Effective 03/18/24 - Technical Amendment
Work-Related Capital Assets, Equipment, and Inventory
- As used in this rule:
- "Inventory" means goods that are in stock and available for sale to prospective customers.
- "Work-related equipment" means property essential to the employment or self-employment of a financial group (see OAR 461-110-0530) member. Examples are a tradesman's tools, a farmer's machinery, and equipment used to maintain an income-producing vehicle.
- A capital asset (see OAR 461-001-0000), other than work-related equipment (see section (1) of this rule) and inventory (see section (1) of this rule), is treated as follows:
- In the SNAP program, a capital asset used in a business is excluded as follows:
- Non-farm assets are excluded as long as the financial group is actively engaged in self-employment activities.
- Farm assets are excluded until one year after the date the individual quit self-employment as a farmer.
- In the REF, REFM, and TANF programs, the value of a capital asset is counted according to the rules in this division of rules.
- In the OSIP, OSIPM, and QMB-DW programs, a capital asset is excluded.
- Work-related equipment is treated as follows:
- In the EA, OSIP, OSIPM, QMB-DW, and SNAP programs, the equity value of work-related equipment is excluded.
- In the REF, REFM, and TANF programs, the equity value of the equipment is treated as a resource.
- Inventory is treated as follows:
- In the EA, OSIP, OSIPM, QMB-DW, and SNAP programs, inventory is excluded as long as the individual is engaged in self-employment activities.
- In the REF, REFM, and TANF programs, the wholesale value of inventory remaining at the end of a month, less encumbrances, is counted as a resource.
Statutory/Other Authority: ORS 409.050, 411.060, 411.070, 411.404, 411.816, 412.014, 412.049, 413.085, 414.619
Statutes/Other Implemented: ORS 409.010, 409.050, 411.060, 411.070, 411.404, 411.816, 412.014, 412.049, 412.072, 413.085, 414.619, 414.117