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Page 103 of 233 § 10:90-3.9 Income--WFNJ TANF/GA

travel to and from work, money set aside for retirement and taxes on retirement funds, depreciation, and Federal, State, and local income taxes. 3. Net losses incurred by self-employed farmers who have earnings or anticipated annual gross earnings of $ 1,000 or more from the farming enterprise, must be prorated and offset against other countable income in the following order: i. First against other self-employment income; and ii. Second against the total amount of earned or unearned income deduction after the earned income deduction has been applied. 4. Persons who are self-employed shall be required to submit evidence of business receipts and expenditures as the basis for a sound estimate of earned income. A reliable, accurate accounting system or the method utilized in reporting to the Internal Revenue Service shall be acceptable for determining net income. 5. Assistance shall not be provided to subsidize a failing business. i. A business which is already established (that is, in operation for at least 24 months) and which shows only marginal profit, either constant or intermittent, shall be considered to be failing if the profit, averaged over the preceding 12 months, is less than the State minimum wage multiplied by 35 hours per week. ii. For a new business, a period not to exceed 12 months from the start of the new business shall be considered adequate to determine its potential for self-support. In situations where, in the judgment of the county or municipal agency, additional time would enable the business to show a profit, the period may be extended for up to 12 additional months. (e) Unearned income includes, but is not limited to, returns from capital investments such as dividends and interest; benefits and pensions; RSDI; annuities; compensation payments; recurring contributions; temporary disability insurance payments; temporary worker's compensation payments; unemployment insurance benefits; and, worker's compensation received by a CWEP or AWEP participant or by a dependent, as a result of a participant's death, for a permanent disability sustained during a CWEP or AWEP activity. (f) Lump sum income is addressed at N.J.A.C. 10:90-3.18. History

HISTORY: Amended by R.1998 d.42, effective January 20, 1998. See: 29 N.J.R. 3971(b), 30 N.J.R. 389(a). In (b) and (e), inserted references to RSDI. Amended by R.2003 d.226, effective June 16, 2003. See: 34 N.J.R. 2713(a), 35 N.J.R. 2670(a).