Hawaii Administrative Rules › Title 17 - DEPARTMENT OF HUMAN SERVICES › Department of Human Services › Chapter 675 - ASSETS › Subchapter 4 - ASSETS TO BE EXEMPTED › Section 17-675-29 - Special provisions for the food stamp program - other excluded assets

Current through June, 2024
The following assets are excluded in the food stamp
					 program.
(1) Household goods, such as
				  appliances, furniture, and televisions;
(2) Personal effects, such as clothes, shoes,
				  and jewelry not intended for investments;
(3) The cash value of life insurance
				  policies;
(4) The cash value of
				  pension plans or funds, except for Keogh plans which involve no contractual
				  relationship with individuals who are not household members;
(5) Property which annually produces income
				  consistent with its fair market value, even if only used on a seasonal
				  basis;
(6) Property such as farm
				  land and rental homes, except certain vacation homes, which is essential to the
				  employment or the self-employment of a household member. Property essential to
				  the self-employment of a household member engaged in farming shall continue to
				  be excluded for one year from the date the household member stopped
				  farming;
(7) Rental homes which are
				  used by households for vacation purposes at some time during the year which
				  annually produces income consistent with the home's fair market value. The
				  equity value of a vacation home used part of the year by the household which
				  does not produce income consistent with the home's fair market value shall be
				  counted as a resource;
(8) Work
				  related equipment, such as the tools of a tradesperson or the machinery of a
				  farmer, which is essential to the employment or self-employment of a household
				  member;
(9) Installment contracts
				  or an agreement of sale for the sale of land or buildings if the contract or
				  agreement is producing income consistent with its market value. The value of
				  the property sold under contract or held as security in exchange for a purchase
				  price consistent with the fair market value of that property is also
				  excluded;
(10) Non-liquid assets
				  against which a lien has been placed as a result of taking out a business loan
				  and the household is prohibited by the security or lien agreement with the lien
				  holder from selling the asset;
(11)
				  Property, real or personal, to the extent that it is directly related to the
				  maintenance or use of a vehicle excluded in subchapter
				  7;
(12) Any governmental payments which are
				  designated for the restoration of a home damaged in a disaster, if the
				  household is subject to a legal sanction if the funds are not used as intended.
				  For example, payments include those made by the Department of Housing and Urban
				  Development through the Individual and Family Grant Program, or disaster loans
				  or grants made by the Small Business Administration;
(13) Assets, such as those of students or
				  self-employed persons, which have been prorated and counted as
				  income;
(14) Monthly income
				  including, but not limited to, learnings, SSI, or retirement, survivors, and
				  disability insurance (RSDI) payments directly assigned to the banks. The income
				  received for that month shall be excluded in determining the resource amount
				  for that month;
(15) Indian lands
				  held jointly with the tribe, or land that can be sold only with the approval of
				  the Bureau of Indian Affairs;
(16)
				  Any benefits received in the form of earned income tax credits (EITC) shall be
				  considered as excluded assets in the first two months of the household's
				  receipt of the EITC. The first two months are defined as the month of receipt
				  and the following month. Any remaining balance that is still available to the
				  household after these two months shall be considered countable assets to the
				  household. Effective September 1, 1994, the EITC shall be considered as
				  excluded assets for a period of twelve months from the month of receipt if the
				  individual receiving the EITC is participating in the food stamp program when
				  the EITC is received and participates continuously during the twelve month
				  period. Breaks of one month or less due to administrative reasons, such as
				  delayed recertification, shall not be considered as nonparticipation in
				  determining the twelve month exclusion; (17) The assets of any household member
				  who receives supplemental security income (SSI) benefits under Title XVI of the
				  Social Security Act, aid to the aged, blind or disabled under Title I, X, XIV,
				  or XVI of the Social Security Act, or benefits under Part A of Title IV of the
				  Social Security Act (AFDC benefits); and
(18) Retirement 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 the Internal Revenue Code of 1986, and the value of funds in a
				  Federal Thrift Savings Plan count as provided in section 8439 of title 5,
				  United States Code;
(19) Any
				  successor retirement programs or accounts that are exempt from tax under the
				  Internal Revenue Code of 1986; and
(20) The value of any funds in a qualified
				  tuition program described in section 529 of the Internal Revenue Code of 1986
				  or in a Coverdell education savings account under section 530 of the Internal
				  Revenue Code of 1986.