Work-Related Capital Assets, Equipment, and Inventory
(1) As used in this rule:
(a)"Inventory" means goods that are in stock and available…#
(a) "Inventory" means goods that are in stock and available for sale to prospective customers.
(b)"Work-related equipment" means property essential to…#
(b) "Work-related equipment" means property essential to the employment or self-employment of a financial group
(see OAR 461-110-0530) member. Examples are a tradesman's tools, a farmer's machinery, and equipment used to maintain an income-producing vehicle.
(2) A capital asset
(see OAR 461-001-0000), other than work-related equipment
(see section (1) of this rule) and inventory
(see section (1) of this rule), is treated as follows:
(a) In the SNAP program, a capital asset used in a business is excluded as follows:
(A) Non-farm assets are excluded as long as the financial group is actively engaged in self-employment activities.
(B) Farm assets are excluded until one year after the date the individual quit self-employment as a farmer.
(b) In the REF, REFM, and TANF programs, the value of a capital asset is counted according to the rules in this division of rules