OAR 461-145-0600
Work-Related Capital Assets, Equipment, and Inventory
(1)
As used in this rule:(a)
“Inventory” means goods that are in stock and available for sale to prospective customers.(b)
“Work-related equipment” means property essential to the employment or self-employment of a financial group (see OAR 461-110-0530 (Financial Group)) member. Examples are a tradesman’s tools, a farmer’s machinery, and equipment used to maintain an income-producing vehicle.(2)
A capital asset (see OAR 461-001-0000 (Definitions for Chapter 461)), other than work-related equipment (see section (1) of this rule) and inventory (see section (1) of this rule), is treated as follows:(a)
In the ERDC program, the equity value (see OAR 461-001-0000 (Definitions for Chapter 461)) of a capital asset is treated according to the rules for the asset.(b)
In the SNAP program, a capital asset used in a business is excluded as follows:(A)
Non-farm assets are excluded as long as the financial group is actively engaged in self-employment activities.(B)
Farm assets are excluded until one year after the date the individual quit self-employment as a farmer.(c)
In the REF, REFM, and TANF programs, the value of a capital asset is counted according to the rules in this division of rules(d)
In the OSIP, OSIPM, and QMB-DW programs, a capital asset is excluded.(3)
Work-related equipment is treated as follows:(a)
In the EA, ERDC, OSIP, OSIPM, QMB-DW, and SNAP programs, the equity value of work-related equipment is excluded.(b)
In the REF, REFM, and TANF programs, the equity value of the equipment is treated as a resource.(4)
Inventory is treated as follows:(a)
In the EA, ERDC, OSIP, OSIPM, QMB-DW, and SNAP programs, inventory is excluded as long as the individual is engaged in self-employment activities.(b)
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.
Source:
Rule 461-145-0600 — Work-Related Capital Assets, Equipment, and Inventory, https://secure.sos.state.or.us/oard/view.action?ruleNumber=461-145-0600
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