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b. Applying the Exclusion When More Than One Automobile That is Used for Transportation is Owned Apply the exclusion in the manner most advantageous to the individual. If the eligible a/b owns more than one automobile used for transportation of the eligible a/b or a member of the eligible a/b’s household, the total exclusion applies to the automobile with the greater equity value. Count the equity value of any automobile, other than the one excluded, as a resource when it is owned by an eligible a/b. See VIII.D.3. to determine the equity value. c. Reduction of Resources When the equity value of an unlicensed vehicle causes the a/b to be over the reserve limit and that vehicle then becomes licensed, evaluate for reduction of reserve. Reduction of resources occurs on the day a vehicle becomes licensed. Reduction of resources does not go back to the date of application. 4. Property Excluded Due to Usage a. Business Property Exclude personal property used in the operation of a trade or business, self-employment enterprise, or farm regardless of equity value or whether there is a net profit. Refer to VII.A.5.b.for further instructions to exclude business property. (1) Property includes operating capital and fixed assets of the business such as equipment, livestock, vehicles, etc. (2) Liquid assets – Exclude liquid assets of the business if not co- mingled with personal funds. (3) Active involvement – The a/b or financially responsible person must be actively involved in the business on a day to day basis. b. Income Producing Property Exclude up to $6,000 in non-business, income producing personal property which meets the 6% net annual income test criteria in Item IX. c. Property Which Produces Goods or Services for Home Consumption Exclude up to $6,000 in total combined equity of all non-business personal and real property used to produce goods and services solely for home consumption (i.e. a tractor and garden used to produce vegetables for home consumption). d. If the property is not currently in use for one of the reasons for exclusion in a., b., or c. above, exclude it if: 49