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us-ca/regulation/mpp/63-503.414 — .414 Capital Gains · Axiom

.414 Capital Gains

3 rules

The proceeds from the sale of capital goods or equipment shall be calculated in the same manner as a capital gain for Federal income tax purposes. Even if only 50 percent of the proceeds from the sale of capital goods or equipment is taxed for Federal income tax purposes, the CWD shall count the full amount of the capital gain as income for food stamp purposes. For households whose self-employment income is calculated on an anticipated, rather than averaged basis in accordance with Section 63-503.412(a)(1), the CWD must count the amount of capital gains the household anticipates receiving during the months over which the income is being averaged.

in view

Whole section

Encodings · 3

Encoded from this provision

us-ca/regulation/mpp/63-503/414

capital_goods_or_equipment_sale_capital_gain_counted_as_food_stamp_incomeCA reg. 63-503.414 · derived

63-503.414

name: capital_goods_or_equipment_sale_capital_gain_counted_as_food_stamp_income
kind: derived
entity: SnapUnit
dtype: Money
period: Month
unit: USD
source: 63-503.414
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ca/regulation/mpp/63-503.414
          excerpt: >-
            The proceeds from the sale of capital goods or equipment shall be
            calculated in the same manner as a capital gain for Federal income
            tax purposes.
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ca/regulation/mpp/63-503.414
          excerpt: >-
            the CWD shall count the full amount of the capital gain as income
            for food stamp purposes
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-ca/regulation/mpp/63-503.414
          excerpt: >-
            For households whose self-employment income is calculated on an
            anticipated, rather than averaged basis in accordance with Section
            63-503.412(a)(1), the CWD must count the amount of capital gains the
            household anticipates receiving during the months over which the
            income is being averaged.
versions:
  - effective_from: '0001-01-01'
    formula: >-
      (if
      household_self_employment_income_calculated_on_anticipated_rather_than_averaged_basis_under_section_63_503_412_a_1:
      capital_gains_from_capital_goods_or_equipment_anticipated_during_income_averaging_months
      else:
      capital_goods_or_equipment_sale_capital_gain_amount_calculated_for_federal_income_tax_purposes)
      * full_capital_gain_counted_rate_for_food_stamp_income

federal_taxed_proceeds_rate_disregarded_for_food_stamp_capital_gain_incomeCA reg. 63-503.414 · parameter

63-503.414, sentence 2

name: federal_taxed_proceeds_rate_disregarded_for_food_stamp_capital_gain_income
kind: parameter
dtype: Rate
source: 63-503.414, sentence 2
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-ca/regulation/mpp/63-503.414
          excerpt: >-
            Even if only 50 percent of the proceeds from the sale of capital
            goods or equipment is taxed for Federal income tax purposes
versions:
  - effective_from: '0001-01-01'
    formula: '0.50'

full_capital_gain_counted_rate_for_food_stamp_incomeCA reg. 63-503.414 · parameter

63-503.414, sentence 2

name: full_capital_gain_counted_rate_for_food_stamp_income
kind: parameter
dtype: Rate
source: 63-503.414, sentence 2
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-ca/regulation/mpp/63-503.414
          excerpt: >-
            the CWD shall count the full amount of the capital gain as income
            for food stamp purposes
versions:
  - effective_from: '0001-01-01'
    formula: '1'

▸rulespec code

Shown source

regulations/mpp/63-503

Displaying the canonical repository encoding.

View on GitHub

Rules

capital_goods_or_equipment_sale_capital_gain_counted_as_food_stamp_income

Derived

source: 63-503.414

- name: capital_goods_or_equipment_sale_capital_gain_counted_as_food_stamp_income
  kind: derived
  entity: SnapUnit
  dtype: Money
  period: Month
  unit: USD
  source: 63-503.414
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ca/regulation/mpp/63-503.414
            excerpt: >-
              The proceeds from the sale of capital goods or equipment shall be calculated in the
              same manner as a capital gain for Federal income tax purposes.
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ca/regulation/mpp/63-503.414
            excerpt: >-
              the CWD shall count the full amount of the capital gain as income for food stamp
              purposes
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ca/regulation/mpp/63-503.414
            excerpt: >-
              For households whose self-employment income is calculated on an anticipated, rather
              than averaged basis in accordance with Section 63-503.412(a)(1), the CWD must count
              the amount of capital gains the household anticipates receiving during the months over
              which the income is being averaged.
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        (if
        household_self_employment_income_calculated_on_anticipated_rather_than_averaged_basis_under_section_63_503_412_a_1:
        capital_gains_from_capital_goods_or_equipment_anticipated_during_income_averaging_months
        else:
        capital_goods_or_equipment_sale_capital_gain_amount_calculated_for_federal_income_tax_purposes)
        * full_capital_gain_counted_rate_for_food_stamp_income

federal_taxed_proceeds_rate_disregarded_for_food_stamp_capital_gain_income

Parameter

source: 63-503.414, sentence 2

- name: federal_taxed_proceeds_rate_disregarded_for_food_stamp_capital_gain_income
  kind: parameter
  dtype: Rate
  source: 63-503.414, sentence 2
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-ca/regulation/mpp/63-503.414
            excerpt: >-
              Even if only 50 percent of the proceeds from the sale of capital goods or equipment is
              taxed for Federal income tax purposes
  versions:
    - effective_from: '0001-01-01'
      formula: '0.50'

full_capital_gain_counted_rate_for_food_stamp_income

Parameter

source: 63-503.414, sentence 2

- name: full_capital_gain_counted_rate_for_food_stamp_income
  kind: parameter
  dtype: Rate
  source: 63-503.414, sentence 2
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-ca/regulation/mpp/63-503.414
            excerpt: >-
              the CWD shall count the full amount of the capital gain as income for food stamp
              purposes
  versions:
    - effective_from: '0001-01-01'
      formula: '1'

▸citations (1)

References

This rule cites 1 other rule.

CA reg. 63-503.412 (a)(1)inferredCA › Regulations › Title mpp › § 63-503.412 › (a)(1)

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.414 Capital Gains

3 rules

Official source

graph ↗build calculator ↗

in view

Whole section

Encodings · 3

Encoded from this provision

us-ca/regulation/mpp/63-503/414

capital_goods_or_equipment_sale_capital_gain_counted_as_food_stamp_incomeCA reg. 63-503.414 · derived

63-503.414

name: capital_goods_or_equipment_sale_capital_gain_counted_as_food_stamp_income
kind: derived
entity: SnapUnit
dtype: Money
period: Month
unit: USD
source: 63-503.414
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ca/regulation/mpp/63-503.414
          excerpt: >-
            The proceeds from the sale of capital goods or equipment shall be
            calculated in the same manner as a capital gain for Federal income
            tax purposes.
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ca/regulation/mpp/63-503.414
          excerpt: >-
            the CWD shall count the full amount of the capital gain as income
            for food stamp purposes
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-ca/regulation/mpp/63-503.414
          excerpt: >-
            For households whose self-employment income is calculated on an
            anticipated, rather than averaged basis in accordance with Section
            63-503.412(a)(1), the CWD must count the amount of capital gains the
            household anticipates receiving during the months over which the
            income is being averaged.
versions:
  - effective_from: '0001-01-01'
    formula: >-
      (if
      household_self_employment_income_calculated_on_anticipated_rather_than_averaged_basis_under_section_63_503_412_a_1:
      capital_gains_from_capital_goods_or_equipment_anticipated_during_income_averaging_months
      else:
      capital_goods_or_equipment_sale_capital_gain_amount_calculated_for_federal_income_tax_purposes)
      * full_capital_gain_counted_rate_for_food_stamp_income

federal_taxed_proceeds_rate_disregarded_for_food_stamp_capital_gain_incomeCA reg. 63-503.414 · parameter

63-503.414, sentence 2

name: federal_taxed_proceeds_rate_disregarded_for_food_stamp_capital_gain_income
kind: parameter
dtype: Rate
source: 63-503.414, sentence 2
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-ca/regulation/mpp/63-503.414
          excerpt: >-
            Even if only 50 percent of the proceeds from the sale of capital
            goods or equipment is taxed for Federal income tax purposes
versions:
  - effective_from: '0001-01-01'
    formula: '0.50'

full_capital_gain_counted_rate_for_food_stamp_incomeCA reg. 63-503.414 · parameter

63-503.414, sentence 2

name: full_capital_gain_counted_rate_for_food_stamp_income
kind: parameter
dtype: Rate
source: 63-503.414, sentence 2
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-ca/regulation/mpp/63-503.414
          excerpt: >-
            the CWD shall count the full amount of the capital gain as income
            for food stamp purposes
versions:
  - effective_from: '0001-01-01'
    formula: '1'

▸rulespec code

Shown source

regulations/mpp/63-503

Displaying the canonical repository encoding.

View on GitHub

Rules

capital_goods_or_equipment_sale_capital_gain_counted_as_food_stamp_income

Derived

source: 63-503.414

- name: capital_goods_or_equipment_sale_capital_gain_counted_as_food_stamp_income
  kind: derived
  entity: SnapUnit
  dtype: Money
  period: Month
  unit: USD
  source: 63-503.414
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ca/regulation/mpp/63-503.414
            excerpt: >-
              The proceeds from the sale of capital goods or equipment shall be calculated in the
              same manner as a capital gain for Federal income tax purposes.
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ca/regulation/mpp/63-503.414
            excerpt: >-
              the CWD shall count the full amount of the capital gain as income for food stamp
              purposes
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ca/regulation/mpp/63-503.414
            excerpt: >-
              For households whose self-employment income is calculated on an anticipated, rather
              than averaged basis in accordance with Section 63-503.412(a)(1), the CWD must count
              the amount of capital gains the household anticipates receiving during the months over
              which the income is being averaged.
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        (if
        household_self_employment_income_calculated_on_anticipated_rather_than_averaged_basis_under_section_63_503_412_a_1:
        capital_gains_from_capital_goods_or_equipment_anticipated_during_income_averaging_months
        else:
        capital_goods_or_equipment_sale_capital_gain_amount_calculated_for_federal_income_tax_purposes)
        * full_capital_gain_counted_rate_for_food_stamp_income

federal_taxed_proceeds_rate_disregarded_for_food_stamp_capital_gain_income

Parameter

source: 63-503.414, sentence 2

- name: federal_taxed_proceeds_rate_disregarded_for_food_stamp_capital_gain_income
  kind: parameter
  dtype: Rate
  source: 63-503.414, sentence 2
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-ca/regulation/mpp/63-503.414
            excerpt: >-
              Even if only 50 percent of the proceeds from the sale of capital goods or equipment is
              taxed for Federal income tax purposes
  versions:
    - effective_from: '0001-01-01'
      formula: '0.50'

full_capital_gain_counted_rate_for_food_stamp_income

Parameter

source: 63-503.414, sentence 2

- name: full_capital_gain_counted_rate_for_food_stamp_income
  kind: parameter
  dtype: Rate
  source: 63-503.414, sentence 2
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-ca/regulation/mpp/63-503.414
            excerpt: >-
              the CWD shall count the full amount of the capital gain as income for food stamp
              purposes
  versions:
    - effective_from: '0001-01-01'
      formula: '1'

▸citations (1)

References

This rule cites 1 other rule.

CA reg. 63-503.412 (a)(1)inferredCA › Regulations › Title mpp › § 63-503.412 › (a)(1)