Page 233

are Counted in this Part).

BUSINESS ASSETS 1.6A ALL Exclude all accounts receivable, promissory notes, and loan-related assets. CASH EXCLUSION 1.7 ALL Cash that is countable as income is not an asset in the month received (see Section 1.12: Income in this Chapter). Current assistance payments (TANF, GC, IDA, SSI, and so on) are not an asset in the month received. See Section 1.21: Non-recurring Lump Sums and Accrued Benefits in this Chapter for information on the treatment of lump sum cash awards including retroactive benefit payments. Unless otherwise excluded based on the origin of the cash, cash-on-hand is considered an asset. EARNED INCOME TAX CREDIT (EITC) 1.8 ALL Exclude all EITC payments.

ENERGY ASSISTANCE 1.9 ALL Exclude all energy assistance payments, including payments made in a prior month that were intended to cover expenses in a previous month but were not spent.

HIGHER EDUCATION SAVINGS PLANS 1.9A ALL Section 529 College Savings Plans are higher education savings plan trusts established under Section 529(b) of the Internal Revenue Code as "qualified tuition programs." Through these plans, individuals may make investments for the purpose of accumulating savings for qualifying higher education costs of beneficiaries. Exclude all Section 529 College Savings Plans.

HOUSEHOLD AND PERSONAL GOODS 1.10 ALL Exclude household goods customarily found in the home and intended for its maintenance, use, or occupancy such as: • furniture and furnishings, • appliances, • carpets, • dishes and utensils, • televisions and audio equipment, and • household tools and equipment. Exclude personal goods (incidental items for personal use) such as: • clothing, • watches and jewelry, • exercise equipment, and