002.01(F)(i) EXCLUDED UNLICENSED VEHICLES.

An unlicensed vehicle is excluded if: (1) Used as the household’s home; (2) Annually produces income consistent with its fair market value; (3) Essential to a household member’s employment such as farm equipment; (4) On an Indian reservation which does not require vehicles driven by tribal members to be licensed; or (5) One licensed or unlicensed vehicle per household may be excluded using the following policy. This exclusion is limited to only one vehicle per household. If the vehicle has a fair market value of: (a) $12,000 or less, the total value of the vehicle is excluded; or (b) More than $12,000, the amount over $12,000 is counted toward the household’s resource limit; and (c) The vehicle with the greatest fair market value is processed through the $12,000 rule. The $12,000 rule is limited to one vehicle per household.