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Exclusion of retirement accounts from allowable financial resources.—

(A) Mandatory exclusions .— The Secretary shall exclude from financial resources under this subsection the value of— (i) any funds in a plan, contract, or account, described in sections 401(a), 403(a), 403(b), 408, 408A, 457(b), and 501(c)(18) of title 26 and the value of funds in a Federal Thrift Savings Plan account as provided in section 8439 of title 5 ; and (ii) any retirement program or account included in any successor or similar provision that may be enacted and determined to be exempt from tax under title 26.

(B) Discretionary exclusions .— The Secretary may exclude from financial resources under this subsection the value of any other retirement plans, contracts, or accounts (as determined by the Secretary).

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statutes/7/2014/g.yaml

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Rules

snap_household_resource_limit_base_amount

Parameter

source: 7 USC 2014(g)(1)(A)

- name: snap_household_resource_limit_base_amount
  kind: parameter
  dtype: Money
  unit: USD
  source: 7 USC 2014(g)(1)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: resources exceed $2,000
  versions:
    - effective_from: '2008-10-01'
      formula: '2000'

snap_household_resource_limit_base_amount_with_elderly_or_disabled_member

Parameter

source: 7 USC 2014(g)(1)(A)

- name: snap_household_resource_limit_base_amount_with_elderly_or_disabled_member
  kind: parameter
  dtype: Money
  unit: USD
  source: 7 USC 2014(g)(1)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: includes an elderly or disabled member, if its resources exceed $3,000
  versions:
    - effective_from: '2008-10-01'
      formula: '3000'

allowable_financial_resources_rounding_increment

Parameter

source: 7 USC 2014(g)(1)(B)(i)

- name: allowable_financial_resources_rounding_increment
  kind: parameter
  dtype: Money
  unit: USD
  source: 7 USC 2014(g)(1)(B)(i)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: rounded down to the nearest $250 increment
  versions:
    - effective_from: '2008-10-01'
      formula: '250'

statutory_household_resource_limit_base_amount

Derived

source: 7 USC 2014(g)(1)(A)

- name: statutory_household_resource_limit_base_amount
  kind: derived
  entity: Household
  dtype: Money
  period: Month
  unit: USD
  source: 7 USC 2014(g)(1)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: resources exceed $2,000 ... includes an elderly or disabled member ... exceed $3,000
  versions:
    - effective_from: '2008-10-01'
      formula: >-
        if household_includes_elderly_or_disabled_member:
        snap_household_resource_limit_base_amount_with_elderly_or_disabled_member else:
        snap_household_resource_limit_base_amount

next_annual_household_resource_limit_amount

Derived

source: 7 USC 2014(g)(1)(B)

- name: next_annual_household_resource_limit_amount
  kind: derived
  entity: Household
  dtype: Money
  period: Month
  unit: USD
  source: 7 USC 2014(g)(1)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].effective_from
          kind: effective_period
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: Beginning on October 1, 2008
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: shall be adjusted and rounded down to the nearest $250 increment
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: >-
              Each adjustment ... shall be based on the unrounded amount for the prior 12-month
              period
  versions:
    - effective_from: '2008-10-01'
      formula: >-
        floor((prior_unrounded_household_resource_limit_amount * (1 +
        consumer_price_index_change_for_12_month_period_ending_preceding_june)) /
        allowable_financial_resources_rounding_increment) *
        allowable_financial_resources_rounding_increment

licensed_vehicle_resource_fair_market_value_threshold

Parameter

source: 7 USC 2014(g)(2)(B)(iv)

- name: licensed_vehicle_resource_fair_market_value_threshold
  kind: parameter
  dtype: Money
  unit: USD
  source: 7 USC 2014(g)(2)(B)(iv)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: fair market value of the vehicle exceeds $4,650
  versions:
    - effective_from: '2008-10-01'
      formula: '4650'

vehicle_excluded_from_financial_resources_under_vehicle_exceptions

Derived

source: 7 USC 2014(g)(2)(C)

- name: vehicle_excluded_from_financial_resources_under_vehicle_exceptions
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Month
  source: 7 USC 2014(g)(2)(C)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: used to produce earned income
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: necessary for the transportation of a physically disabled household member
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: >-
              carry fuel for heating or water for home use and provides the primary source of fuel
              or water
  versions:
    - effective_from: '2008-10-01'
      formula: |-
        vehicle_used_to_produce_earned_income
        or vehicle_necessary_for_transport_of_physically_disabled_household_member
        or (
          vehicle_depended_on_to_carry_household_fuel_or_water
          and vehicle_provides_household_primary_source_of_fuel_or_water
        )

licensed_vehicle_countable_resource_amount_under_default_rule

Derived

source: 7 USC 2014(g)(2)(B)(iv); 7 USC 2014(g)(2)(C); 7 USC 2014(g)(2)(D)

- name: licensed_vehicle_countable_resource_amount_under_default_rule
  kind: derived
  entity: Asset
  dtype: Money
  period: Month
  unit: USD
  source: 7 USC 2014(g)(2)(B)(iv); 7 USC 2014(g)(2)(C); 7 USC 2014(g)(2)(D)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: >-
              any licensed vehicle that is used for household transportation or to obtain or
              continue employment to the extent that the fair market value of the vehicle exceeds
              $4,650
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: shall not be included in financial resources under this paragraph if the vehicle is
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: >-
              in lieu of applying subparagraph (B)(iv), the State agency may elect to apply the
              State vehicle allowance standards
  versions:
    - effective_from: '2008-10-01'
      formula: >-
        if asset_is_licensed_vehicle and
        asset_is_used_for_household_transportation_or_to_obtain_or_continue_employment and not
        vehicle_excluded_from_financial_resources_under_vehicle_exceptions and not
        state_vehicle_allowance_standards_apply_in_lieu_of_default_vehicle_rule and
        asset_fair_market_value > licensed_vehicle_resource_fair_market_value_threshold:
        asset_fair_market_value - licensed_vehicle_resource_fair_market_value_threshold else: 0

▸citations (1)

References

This rule cites 1 other rule.

7 USC § 401 (a)inferredUS Federal › Statutes › Title 7 › § 401 › (a)

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us/statute/7/2014/g/7 — Exclusion of retirement accounts from allowable financial resources.— · Axiom

Exclusion of retirement accounts from allowable financial resources.—

Official source

in view

Whole section

▸rulespec code

Shown source

statutes/7/2014/g.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/7/2014/g; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

snap_household_resource_limit_base_amount

Parameter

source: 7 USC 2014(g)(1)(A)

- name: snap_household_resource_limit_base_amount
  kind: parameter
  dtype: Money
  unit: USD
  source: 7 USC 2014(g)(1)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: resources exceed $2,000
  versions:
    - effective_from: '2008-10-01'
      formula: '2000'

snap_household_resource_limit_base_amount_with_elderly_or_disabled_member

Parameter

source: 7 USC 2014(g)(1)(A)

- name: snap_household_resource_limit_base_amount_with_elderly_or_disabled_member
  kind: parameter
  dtype: Money
  unit: USD
  source: 7 USC 2014(g)(1)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: includes an elderly or disabled member, if its resources exceed $3,000
  versions:
    - effective_from: '2008-10-01'
      formula: '3000'

allowable_financial_resources_rounding_increment

Parameter

source: 7 USC 2014(g)(1)(B)(i)

- name: allowable_financial_resources_rounding_increment
  kind: parameter
  dtype: Money
  unit: USD
  source: 7 USC 2014(g)(1)(B)(i)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: rounded down to the nearest $250 increment
  versions:
    - effective_from: '2008-10-01'
      formula: '250'

statutory_household_resource_limit_base_amount

Derived

source: 7 USC 2014(g)(1)(A)

- name: statutory_household_resource_limit_base_amount
  kind: derived
  entity: Household
  dtype: Money
  period: Month
  unit: USD
  source: 7 USC 2014(g)(1)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: resources exceed $2,000 ... includes an elderly or disabled member ... exceed $3,000
  versions:
    - effective_from: '2008-10-01'
      formula: >-
        if household_includes_elderly_or_disabled_member:
        snap_household_resource_limit_base_amount_with_elderly_or_disabled_member else:
        snap_household_resource_limit_base_amount

next_annual_household_resource_limit_amount

Derived

source: 7 USC 2014(g)(1)(B)

- name: next_annual_household_resource_limit_amount
  kind: derived
  entity: Household
  dtype: Money
  period: Month
  unit: USD
  source: 7 USC 2014(g)(1)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].effective_from
          kind: effective_period
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: Beginning on October 1, 2008
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: shall be adjusted and rounded down to the nearest $250 increment
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: >-
              Each adjustment ... shall be based on the unrounded amount for the prior 12-month
              period
  versions:
    - effective_from: '2008-10-01'
      formula: >-
        floor((prior_unrounded_household_resource_limit_amount * (1 +
        consumer_price_index_change_for_12_month_period_ending_preceding_june)) /
        allowable_financial_resources_rounding_increment) *
        allowable_financial_resources_rounding_increment

licensed_vehicle_resource_fair_market_value_threshold

Parameter

source: 7 USC 2014(g)(2)(B)(iv)

- name: licensed_vehicle_resource_fair_market_value_threshold
  kind: parameter
  dtype: Money
  unit: USD
  source: 7 USC 2014(g)(2)(B)(iv)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: fair market value of the vehicle exceeds $4,650
  versions:
    - effective_from: '2008-10-01'
      formula: '4650'

vehicle_excluded_from_financial_resources_under_vehicle_exceptions

Derived

source: 7 USC 2014(g)(2)(C)

- name: vehicle_excluded_from_financial_resources_under_vehicle_exceptions
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Month
  source: 7 USC 2014(g)(2)(C)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: used to produce earned income
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: necessary for the transportation of a physically disabled household member
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: >-
              carry fuel for heating or water for home use and provides the primary source of fuel
              or water
  versions:
    - effective_from: '2008-10-01'
      formula: |-
        vehicle_used_to_produce_earned_income
        or vehicle_necessary_for_transport_of_physically_disabled_household_member
        or (
          vehicle_depended_on_to_carry_household_fuel_or_water
          and vehicle_provides_household_primary_source_of_fuel_or_water
        )

licensed_vehicle_countable_resource_amount_under_default_rule

Derived

source: 7 USC 2014(g)(2)(B)(iv); 7 USC 2014(g)(2)(C); 7 USC 2014(g)(2)(D)

- name: licensed_vehicle_countable_resource_amount_under_default_rule
  kind: derived
  entity: Asset
  dtype: Money
  period: Month
  unit: USD
  source: 7 USC 2014(g)(2)(B)(iv); 7 USC 2014(g)(2)(C); 7 USC 2014(g)(2)(D)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: >-
              any licensed vehicle that is used for household transportation or to obtain or
              continue employment to the extent that the fair market value of the vehicle exceeds
              $4,650
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: shall not be included in financial resources under this paragraph if the vehicle is
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/7/2014
            excerpt: >-
              in lieu of applying subparagraph (B)(iv), the State agency may elect to apply the
              State vehicle allowance standards
  versions:
    - effective_from: '2008-10-01'
      formula: >-
        if asset_is_licensed_vehicle and
        asset_is_used_for_household_transportation_or_to_obtain_or_continue_employment and not
        vehicle_excluded_from_financial_resources_under_vehicle_exceptions and not
        state_vehicle_allowance_standards_apply_in_lieu_of_default_vehicle_rule and
        asset_fair_market_value > licensed_vehicle_resource_fair_market_value_threshold:
        asset_fair_market_value - licensed_vehicle_resource_fair_market_value_threshold else: 0

▸citations (1)

References

This rule cites 1 other rule.

7 USC § 401 (a)inferredUS Federal › Statutes › Title 7 › § 401 › (a)