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Chapter: 1600 Assets Program: TCA 32 1620.0583 Vehicles (TCA) A vehicle is any automobile, truck, motorcycle, etc., that is used to provide transportation, and includes vehicles that are unregistered, inoperable, or in need of repair.

While each program may include all or portions of a vehicle's value or exclude the value, the determination of the value of the vehicles to be included depends on the use of the vehicle. 1620.0588 Vehicle Exclusions (TCA) To assist families in attaining self-sufficiency, the following exclusions are applied to licensed vehicles of applicants or recipients of Temporary Cash Assistance:

1. a standard filing unit may exclude as an asset any vehicle necessary for the transportation of a physically disabled (including blind) member;

2. fair market value is determined by using the wholesale value of the vehicle listed in the NADA book;

Note: In the NADA book use the trade-in value column to determine the wholesale value.

3. a standard filing unit that does not contain an individual subject to work participation requirements may exclude one licensed vehicle, regardless of use, as long as the equity value of the vehicle does not exceed $8,500;

4. a standard filing unit with individuals either employed or subject to the work participation requirements is allowed to exclude vehicles needed for training, employment or education purposes as long as the combined value of these vehicles does not exceed a total of $8,500;

5. if the standard filing unit with individuals either employed or subject to work participation requirements owns multiple vehicles, some of which may not be used for employment and training purposes, the non-employment and training use vehicle with the highest equity value has the deduction applied first; the remaining deduction is applied to the employment and training vehicles;

6. if there is more than one employment and training vehicle, the $8,500 deduction is applied first to the vehicle with the highest equity value; and

7. any vehicle equity value remaining after the $8,500 deduction is applied will be counted toward the $2,000 asset limit.

Note: A filing unit which does not have an individual who is employed or subject to work participation requirements may only receive the $8,500 deduction for one licensed vehicle regardless of the number of licensed vehicles they own.

Note: Equity value is calculated by taking the NADA value of a vehicle and subtracting the amount owed.