us/regulation/42/435/603/e

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2 rules0 of 3 subsections

(e) MAGI-based income. For the purposes of this section, MAGI-based income means income calculated using the same financial methodologies used to determine modified adjusted gross income as defined in section 36B(d)(2)(B) of the Code, with the following exceptions—

(1)#

(1) An amount received as a lump sum is counted as income only in the month received.

(2)#

(2) Scholarships, awards, or fellowship grants used for education purposes and not for living expenses are excluded from income.

(3)#

(3) American Indian/Alaska Native exceptions. The following are excluded from income:

(i) Distributions from Alaska Native Corporations and Settlement Trusts;

(ii) Distributions from any property held in trust, subject to Federal restrictions, located within the most recent boundaries of a prior Federal reservation, or otherwise under the supervision of the Secretary of the Interior;

(iii) Distributions and payments from rents, leases, rights of way, royalties, usage rights, or natural resource extraction and harvest from—

(A) Rights of ownership or possession in any lands described in paragraph (e)(3)(ii) of this section; or

(B) Federally protected rights regarding off-reservation hunting, fishing, gathering, or usage of natural resources;

(iv) Distributions resulting from real property ownership interests related to natural resources and improvements—

(A) Located on or near a reservation or within the most recent boundaries of a prior Federal reservation; or

(B) Resulting from the exercise of federally-protected rights relating to such real property ownership interests;

(v) Payments resulting from ownership interests in or usage rights to items that have unique religious, spiritual, traditional, or cultural significance or rights that support subsistence or a traditional lifestyle according to applicable Tribal Law or custom;

(vi) Student financial assistance provided under the Bureau of Indian Affairs education programs.

(3)(i)#

(i) Distributions from Alaska Native Corporations and Settlement Trusts;

(3)(ii)#

in view

Whole section

Encodings · 2

payment_excluded_from_magi_based_income42 CFR § 435.603 (e) · derived

42 CFR 435.603(e)

name: payment_excluded_from_magi_based_income
kind: derived
entity: Payment
dtype: Judgment
period: Month
source: 42 CFR 435.603(e)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/regulation/42/435/603/e
versions:
  - effective_from: '2014-01-01'
    formula: >-
      (scholarship_award_or_fellowship_grant_used_for_education_purposes and not
      scholarship_award_or_fellowship_grant_used_for_living_expenses)

      or distribution_from_alaska_native_corporation_or_settlement_trust

      or
      distribution_from_trust_or_restricted_property_under_secretary_of_interior_supervision

      or payment_from_rights_in_trust_or_restricted_land

      or
      payment_from_federally_protected_off_reservation_natural_resource_rights

      or
      distribution_from_natural_resource_real_property_interest_on_or_near_reservation

      or distribution_from_exercise_of_federally_protected_real_property_rights

      or
      payment_from_cultural_religious_traditional_or_subsistence_item_or_right

      or
      student_financial_assistance_under_bureau_of_indian_affairs_education_program

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magi_based_income42 CFR § 435.603 (e) · derived

42 CFR 435.603(e)

name: magi_based_income
kind: derived
entity: Payment
dtype: Money
period: Month
unit: USD
source: 42 CFR 435.603(e)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/regulation/42/435/603/e
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/regulation/42/435/603/e
          excerpt: >-
            An amount received as a lump sum is counted as income only in the
            month received.
versions:
  - effective_from: '2014-01-01'
    formula: >-
      if payment_is_income_under_section_36B_d_2_B_methodologies and not
      payment_excluded_from_magi_based_income and (not
      payment_received_as_lump_sum or lump_sum_received_in_current_month):
      payment_amount else: 0

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regulations/42-cfr/435/603/e.yaml

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Rules

payment_excluded_from_magi_based_income

Derived

source: 42 CFR 435.603(e)

- name: payment_excluded_from_magi_based_income
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Month
  source: 42 CFR 435.603(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/regulation/42/435/603/e
  versions:
    - effective_from: '2014-01-01'
      formula: >-
        (scholarship_award_or_fellowship_grant_used_for_education_purposes and not
        scholarship_award_or_fellowship_grant_used_for_living_expenses)

        or distribution_from_alaska_native_corporation_or_settlement_trust

        or distribution_from_trust_or_restricted_property_under_secretary_of_interior_supervision

        or payment_from_rights_in_trust_or_restricted_land

        or payment_from_federally_protected_off_reservation_natural_resource_rights

        or distribution_from_natural_resource_real_property_interest_on_or_near_reservation

        or distribution_from_exercise_of_federally_protected_real_property_rights

        or payment_from_cultural_religious_traditional_or_subsistence_item_or_right

        or student_financial_assistance_under_bureau_of_indian_affairs_education_program

magi_based_income

Derived

source: 42 CFR 435.603(e)

- name: magi_based_income
  kind: derived
  entity: Payment
  dtype: Money
  period: Month
  unit: USD
  source: 42 CFR 435.603(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/regulation/42/435/603/e
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/regulation/42/435/603/e
            excerpt: An amount received as a lump sum is counted as income only in the month received.
  versions:
    - effective_from: '2014-01-01'
      formula: >-
        if payment_is_income_under_section_36B_d_2_B_methodologies and not
        payment_excluded_from_magi_based_income and (not payment_received_as_lump_sum or
        lump_sum_received_in_current_month): payment_amount else: 0

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us/regulation/42/435/603/e · Axiom

2 rules0 of 3 subsections

Official source

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