Oregon Administrative Rules
Chapter 461 - DEPARTMENT OF HUMAN SERVICES, SELF-SUFFICIENCY PROGRAMS
Division 145 - TREATMENTS OF SPECIFIC ASSETS
Section 461-145-0088 - Corporations and Business Entities; Income and Resources; Not OSIP, OSIPM, or QMB
Current through Register Vol. 63, No. 3, March 1, 2024
Retroactively effective July 6, 2020:
(1) The value of stocks or other ownership interest in a corporation is a resource.
(2) Resources of the corporation essential to the employment of an individual are excluded. For instance, if the corporation owns equipment used by the individual to produce income for the corporation, the equipment is an excluded resource. If an individual must own stock in the corporation as a condition of working for the corporation, the stock is an excluded resource.
(3) Except as provided in OAR 461-140-0040(2), gross income of a corporation is income of an individual if determined to be self-employment as defined in OAR 461-145-0910(2) and is considered available when the business receives the income. If not self-employment, the income of a corporation is considered income of the business until distributed to the individual.
(4) For an expenditure by a business entity or corporation that benefits a principal such as a car or housing payment:
Statutory/Other Authority: ORS 409.050, 411.060, 411.070, 411.816 & 412.049
Statutes/Other Implemented: ORS 409.010, 409.050, 411.060, 411.070, 411.816 & 412.049