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) 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 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. (b) In the REF, REFM, and TANF programs, the value of a capital asset is counted according to the rules in this division of rules (c) 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, 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, 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.