Note: This version of section effective 7-1-2024. See also preceding version of this section, effective until 7-1-2024.

1. (b) The following may not be considered as income or property of the child or woman described in IC 12-14-1-1 (f) when determining the amount of assistance for the child:

   1. (1) Money in an individual development account established under IC 4-4-28 that belongs to a child, a woman described in IC 12-14-1-1 (f), or a member of the child's or woman's family.
   2. (2) A Holocaust victim's settlement payment received by the child, a woman described in IC 12-14-1-1 (f), or a member of the child's or woman's family.

   3. (3) Money earned by the child, a woman described in IC 12-14-1-1 (f), or a member of the child's or woman's family as a student participating in:

      1. (A) a paid internship;
      2. (B) a work based learning course (as defined in IC 20-43-8-0.7 ); or
      3. (C) paid postsecondary work experience that allows the individual to apply for a related apprenticeship (as defined by IC 20-43-8-0.3 ).

   4. (4) Annual income of up to fifteen thousand dollars ($15,000) that is earned by an individual in the child's household or the household of a woman described in IC 12-14-1-1 (f), if the income is earned by an individual who:

      1. (A) resides in the household;
      2. (B) is less than twenty-four (24) years of age; and

      3. (C) earns the additional annual income while the individual is a student participating in or pursuing:

         1. (i) a postsecondary degree;
         2. (ii) a workforce certificate;
         3. (iii) a pre-apprenticeship; or

         4. (iv) an apprenticeship.

            [Pre-1992 Revision Citation: 12-1-7-7 part.]

Sec. 3. (a) Except as provided in subsection (b), when determining the amount of assistance, an accounting must be taken of any income or property of the child or woman described in IC 12-14-1-1 (f) that the child or woman may receive from another source.

As added by P.L.2-1992, SEC.8. Amended by P.L.15-1997, SEC.4; P.L.128-1999, SEC.10; P.L.14-2020, SEC.4; P.L.168-2021, SEC.4; P.L.103-2023, SEC.9.