Page 16

Title 7: SNAP Page 13 Iowa Department of Health and Human Services Employees’ Manual Chapter D: Resources Excluded Resources Revised September 27, 2024 Loans Loans 7 CFR 273.8(e) Exempt only loans that are taken for business purposes and that the household is legally prohibited from using for a reason other than for the business.

An employer does not have enough money to pay his employees. The employer takes out a loan for the purpose of meeting his payroll obligations. The lender has a legal restriction placed on the loan that restricts the money from being used for purposes other than the employer paying the employees’ wages. This loan is exempt as a resource. Mopeds 7 CFR 273.8(e)(2) Exclude mopeds that meet the following criteria: ▪ A two- or three-wheeled vehicle.

▪ With an engine having a displacement no greater than 50 cubic centimeters (50cc).

▪ Not capable of operating at a speed in excess of 25 miles per hour on level ground without assistance.

▪ Identified by the letter R on the license or title. Nonliquid Assets Under Lien 7 CFR 273.8(e)(15) Exclude the value of nonliquid assets which are under a lien or security agreement that was placed as a condition for a business loan, if the security or lien agreement prohibits the household from selling the assets. Other Excluded Federal Payments 7 CFR 273.8(e)(11) The following is a listing of some of the resources that are excluded for SNAP by express provision of federal statute. There are additional resources that are excluded by federal statute, but they are not listed because they occur rarely or do not exist in Iowa.

▪ Federal tax refunds are excluded for 12 months, based on the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Public Law 111-312) through 2012, and made permanent by the American Taxpayer Relief Act of 2012.

▪ Reimbursements from the Uniform Relocation Assistance and Real Property Acquisition Policy Act of 1970 (Public Law 91-646, Section 216).