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CODE OF COLORADO REGULATIONS 10 CCR 2505-10 8.100 Medical Services Board

132 d. The first $400 of the gross monthly earned income is exempt for a blind or disabled child who is a student that is regularly attending school. The exemption cannot exceed $1,620 in a calendar year. e. Title 20 of the Code of Federal Regulations, § 416.1112 (2012) is hereby incorporated by reference into this rule. Such incorporation, however, excludes later amendments to or editions of the referenced material. These regulations are available for public inspection at the Department of Health Care Policy and Financing, 303 E 17th Ave, Denver, CO 80203. Certified copies of incorporated materials are provided at cost upon request. 8.100.5.I. Determining Ownership of Income 1. If payment is made solely to one individual, the income shall be considered available income to that individual. 2. If payment is made to more than one individual, the income shall be considered available to each individual in proportion to their interests. 3. In case of a married couple in which there is no document establishing specific ownership interests, one-half of the income shall be considered available to each spouse. 4. Income from the Community Spouse's Monthly Income Allowance, as defined in the spousal protection rules in this volume at 8.100.7.R, is income to the community spouse. 8.100.5.J. Income-Producing Property 1. Net rental income from an exempt home or a life estate interest in an exempt home is countable after the following allowable deductions: a. Property taxes and insurance b. Necessary reasonable routine maintenance expenses c. Reasonable management fee for a professional property manager.

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Page 132

Official source

CODE OF COLORADO REGULATIONS 10 CCR 2505-10 8.100 Medical Services Board

132 d. The first $400 of the gross monthly earned income is exempt for a blind or disabled child who is a student that is regularly attending school. The exemption cannot exceed $1,620 in a calendar year. e. Title 20 of the Code of Federal Regulations, § 416.1112 (2012) is hereby incorporated by reference into this rule. Such incorporation, however, excludes later amendments to or editions of the referenced material. These regulations are available for public inspection at the Department of Health Care Policy and Financing, 303 E 17th Ave, Denver, CO 80203. Certified copies of incorporated materials are provided at cost upon request. 8.100.5.I. Determining Ownership of Income 1. If payment is made solely to one individual, the income shall be considered available income to that individual. 2. If payment is made to more than one individual, the income shall be considered available to each individual in proportion to their interests. 3. In case of a married couple in which there is no document establishing specific ownership interests, one-half of the income shall be considered available to each spouse. 4. Income from the Community Spouse's Monthly Income Allowance, as defined in the spousal protection rules in this volume at 8.100.7.R, is income to the community spouse. 8.100.5.J. Income-Producing Property 1. Net rental income from an exempt home or a life estate interest in an exempt home is countable after the following allowable deductions: a. Property taxes and insurance b. Necessary reasonable routine maintenance expenses c. Reasonable management fee for a professional property manager.