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Division/Section Family Support Chapter No./Name 4 – Economic Stability (ES) Part No./Name B – Eligibility Factors Section No./Name B-1000-FITAP-SNAP Resources Document No./Name B-1040-SNAP Types Of Resources Effective Date October 1, 2024

2 of 7 B-1040-3-SNAP - PO DISASTER PAYMENTS AS A RESOURCE

Exempt Disaster Payments provided as a result of a Presidentially-Declared emergency or major disaster. This includes federal assistance provided to persons directly affected and to comparable disaster assistance provided by states, local governments, and disaster assistance organizations. This includes Individual and Family Grant (IFG) payments, Small Business Administration (SBA) loans, and Federal Emergency Management Agency (FEMA) payments.

B-1040-4-SNAP - PO Earned Income Tax Credit as a Resource

Exempt federal Earned Income Tax Credits (EITC) received either as a lump sum or as payments under Section 3507 of the Internal Revenue Code.

Exempt any federal, state, or local EITC (including EITC exemption under Section 3507), as resources for 12 months from the date of receipt. Therefore, if a refund is received on March 15, it will be excluded through March 14 of the following year.

B-1040-5-SNAP - PO Educational Assistance

Exempt all educational assistance, including, but not limited to:

• Funds received from educational grants, loans, and scholarships, • Qualified tuition programs established under Section 529 of the Internal Revenue Code, and • Funds in a Coverdell education savings account under Section 530 of the Internal Revenue Code.

B-1040-6-SNAP - PO Student Tuition Assistance and Revenue Trust (START) Saving Program

Exempt the cash value of an Education Savings Account (ESA) established through the Student Tuition Assistance and Revenue Trust (START) Saving Program. The START Saving Program is administered by the Louisiana Office of Student Financial Assistance. An ESA may be opened on behalf of a named beneficiary by any Louisiana resident.

B-1040-7-SNAP - PO Energy Assistance Payments as a Resource

Exempt payments or allowances made for the purpose of providing energy assistance under any federal law other than Title IV-A of the Social Security Act (TANF).

B-1040-7A-SNAP - PO Gift Cards

Establishment-specific gift cards are not counted as a resource. The value of credit card company gift cards and prepaid debit cards are counted as a resource.