California Code of Regulations › Title 25 - Housing and Community Development › Division 1 - Housing and Community Development › Chapter 6.5 - Program Operations › Subchapter 2 - Program Eligibility and Affordability for Lower Income Households › Section 6914 - Gross Income

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Gross income" shall mean the anticipated income of a
					 person or family for the twelve-month period following the date of
					 determination of income. If the circumstances are such that it is not
					 reasonably feasible to anticipate a level of income over a twelve-month period,
					 a shorter period may be used subject to a redetermination at the end of such a
					 period. "Income" shall consist of the following:
(a) Except as provided in subdivision (b),
				  all payments from all sources received by the family head (even if temporarily
				  absent) and each additional member of the family household who is not a minor
				  shall be included in the annual income of a family. Income shall include, but
				  not be limited to:
(1) The gross amount,
				  before any payroll deductions, of wages and salaries, overtime pay,
				  commissions, fees, tips and bonuses;
(2) The net income from operation of a
				  business or profession or from rental or real or personal property (for this
				  purpose, expenditures for business expansion or amortization of capital
				  indebtedness shall not be deducted to determine the net income from a
				  business);
(3) Interest and
				  dividends;
(4) The full amount of
				  periodic payments received from social security, annuities, insurance policies,
				  retirement funds, pensions, disability or death benefits and other similar
				  types of periodic receipts;
(5)
				  Payments in lieu of earnings, such as unemployment and disability compensation,
				  worker's compensation and severance pay (but see subdivision (b)(3)).
(6) Public Assistance. If the public
				  assistance payment includes an amount specifically designated for shelter and
				  utilities which is subject to adjustment by the public assistance agency in
				  accordance with the actual cost of shelter and utilities, the amount of public
				  assistance income to be included as income shall consist of:
(A) The amount of the allowance or grant
				  exclusive of the amount specifically designated for shelter and utilities,
				  plus
(B) The maximum amount which
				  the public assistance agency could in fact allow for the family for shelter and
				  utilities,
(7) Periodic
				  and determinable allowances such as alimony and child support payments, and
				  regular contributions or gifts received from persons not residing in the
				  dwelling;
(8) All regular pay,
				  special pay and allowances of a member of the Armed Forces (whether or not
				  living in the dwelling) who is head of the family or spouse (but see
				  subdivision (b)(5)).
Where a family has net family assets in excess of $5,000,
					 income shall include the actual amount of income, if any, derived from all of
					 the net family assets or 10 percent of the value of all such assets, whichever
					 is greater. For purposes of this section, net family assets means value of
					 equity in real property other than the household's full-time residence,
					 savings, stocks, bonds, and other forms of capital investment. The value of
					 necessary items such as furniture and automobiles shall be
					 excluded.