1. (1) As used in this rule:

   1. (a) "Inventory" means goods that are in stock and available for sale to prospective customers.
   2. (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. (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:

   1. (a) In the SNAP program, a capital asset used in a business is excluded as follows:

      1. (A) Non-farm assets are excluded as long as the financial group is actively engaged in self-employment activities.
      2. (B) Farm assets are excluded until one year after the date the individual quit self-employment as a farmer.
   2. (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
   3. (c) In the OSIP, OSIPM, and QMB-DW programs, a capital asset is excluded.

3. (3) Work-related equipment is treated as follows:

   1. (a) In the EA, OSIP, OSIPM, QMB-DW, and SNAP programs, the equity value of work-related equipment is excluded.
   2. (b) In the REF, REFM, and TANF programs, the equity value of the equipment is treated as a resource.

4. (4) Inventory is treated as follows:

   1. (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.
   2. (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.

Statutory/Other Authority

ORS 409.050, 411.060, 411.070, 411.404, 411.816, 412.014, 412.049, 413.085 & 414.619

Statutes/Other Implemented

ORS 409.050, 411.060, 411.070, 411.404, 411.816, 412.014, 412.049, 413.085, 414.619, ORS 409.010, 414.117 & 412.072

History

SSP 19-2024, minor correction filed 03/18/2024, effective 03/18/2024
SSP 17-2023, amend filed 06/14/2023, effective 07/01/2023
SSP 44-2020, amend filed 12/22/2020, effective 01/01/2021
SSP 31-2016, f. & cert. ef. 9-1-16
SSP 25-2016(Temp), f. 6-30-16, cert. ef. 7-1-16 thru 12-27-16
SSP 35-2015, f. 12-23-15, cert. ef. 1-1-16
SSP 25-2015, f. 9-29-15, cert. ef. 10-1-15
SSP 38-2013, f. 12-31-13, cert. ef. 1-1-14
SSP 30-2013(Temp), f. & cert. ef. 10-1-13 thru 3-30-14
SSP 23-2008, f. & cert. ef. 10-1-08
SSP 10-2007, f. & cert. ef. 10-1-07
SSP 4-2007, f. 3-30-07, cert. ef. 4-1-07
SSP 17-2004, f. & cert. ef. 7-1-04
SSP 23-2003, f. & cert. ef. 10-1-03
AFS 9-1999, f. & cert. ef. 7-1-99
AFS 42-1996, f. 12-31-96, cert. ef. 1-1-97
AFS 21-1995, f. 9-20-95, cert. ef. 10-1-95
AFS 8-1992, f. & cert. ef. 4-1-92
AFS 80-1989, f. 12-21-89, cert. ef. 2-1-90