Or. Admin. Code § 461-145-0250 - Income-Producing Property; Not OSIPM or QMB
(1) In all programs except the REF, REFM, and
TANF programs, income from income producing property (see OAR
461-001-0000) is counted as
follows:
(a) If a member of the
financial group (see OAR
461-110-0530) actively manages
the property 20 hours or more per week, the income is treated in the same
manner as self-employment income (see OAR
461-145-0910,
461-145-0920, and
461-145-0930).
(b) If a member of the financial
group does not actively manage the property 20 hours or more per week,
the income is counted as unearned income with exclusions allowed only in
accordance with OAR 461-145-0920. In the SNAP
program, if the financial group owns more than one property,
the exclusions for one property may not be used to offset income from a
different property.
(2)
In the REF, REFM, and TANF programs, income from income producing
property is treated in the same manner as self-employment income (see
OAR 461-145-0910,
461-145-0920, and
461-145-0930)
(3) The equity value (see
OAR 461-001-0000) of
income-producing property is treated as follows:
(a) In the EA program, it is
excluded.
(b) In the SNAP program,
it is counted as a resource except to the extent described in each of the
following situations:
(A) If the property
produces an annual countable (see OAR
461-001-0000) income similar to
other properties in the community with comparable market value , the
equity value of the property is excluded.
(B) The property is excluded under OAR
461-145-0600.
(C) The equity value of
income-producing livestock, poultry, and other animals is excluded.
(D) If selling the resource would produce a
net gain to the financial group of less than $1,500, the
equity value is excluded.
(c) In the REF, REFM, and TANF programs, it
is counted as a resource.
Notes
Statutory/Other Authority: ORS 409.050, 411.060, 411.070, 411.083, 411.400, 411.404, 411.816, 412.049, 413.085 & 414.619
Statutes/Other Implemented: ORS 409.050, 411.060, 411.070, 411.083, 411.400, 411.404, 411.816, 412.049, 413.085, 414.619 & ORS 409.010
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