Or. Admin. R. 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) 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), 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) 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.

Notes

Or. Admin. R. 461-145-0600
AFS 80-1989, f. 12-21-89, cert. ef. 2-1-90; AFS 8-1992, f. & cert. ef. 4-1-92; AFS 21-1995, f. 9-20-95, cert. ef. 10-1-95; AFS 42-1996, f. 12-31-96, cert. ef. 1-1-97; AFS 9-1999, f. & cert. ef. 7-1-99; SSP 23-2003, f. & cert. ef. 10-1-03; SSP 17-2004, f. & cert. ef. 7-1-04; SSP 4-2007, f. 3-30-07, cert. ef. 4-1-07; SSP 10-2007, f. & cert. ef. 10-1-07; SSP 23-2008, f. & cert. ef. 10-1-08; SSP 30-2013(Temp), f. & cert. ef. 10-1-13 thru 3-30-14; SSP 38-2013, f. 12-31-13, cert. ef. 1-1-14; SSP 25-2015, f. 9-29-15, cert. ef. 10/1/2015; SSP 35-2015, f. 12-23-15, cert. ef. 1/1/2016; SSP 25-2016(Temp), f. 6-30-16, cert. ef. 7-1-16 thru 12-27-16; SSP 31-2016, f. & cert. ef. 9/1/2016; SSP 44-2020, amend filed 12/22/2020, effective 1/1/2021

Statutory/Other Authority: ORS 409.050, 411.060, 411.070, 411.404, 411.816, 412.014, 412.049, 413.085 & 414.685

Statutes/Other Implemented: ORS 409.010, 409.050, 411.060, 411.070, 411.117, 411.404, 411.816, 412.014, 412.049, 413.085, 414.685 & 414.839

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