<html> <head> <title>Rule 67:46:05:22 Nonbusiness property used to produce goods or services.</title> <META NAME="Keywords" Content="Administrative Rules 67:46:05:22"> <META NAME="Description" Content="Administrative Rules 67:46:05:22 Nonbusiness property used to produce goods or services."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>67:46:05:22.&nbsp;&nbsp;Nonbusiness property used to produce goods or services.</b> Personal property such as equipment and tools which is essential for the individual's daily activities for self-support is excluded from resources as long as the equity value does not exceed $6,000.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real property used to produce food or livestock for personal consumption in the individual's home is excluded from resources as long as the equity value does not exceed $6,000.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any equity value in excess of $6,000 must be included as a resource.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The six percent net annual return provisions required under §&nbsp;67:46:05:21 do not apply to property meeting the conditions of this section.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 17 SDR 187, effective June 3, 1991; transferred from §&nbsp;67:16:20:13.01, effective August 23, 1992.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=28-6-1">28-6-1.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=28-6-1">28-6-1.</A></p> </div> </body> </html>