Mont. Admin. r. 37.2.702

Current through Register Vol. 23, December 6, 2024
Rule 37.2.702 - INCOME
(1) Income means economic benefit received by a resident or financially responsible person from any source, and includes, but is not limited to:
(a) gross wages, salaries, tips, commissions, bonuses and other earnings;
(b) draws or advances against future earnings;
(c) allowances, flat rate payments or per diem compensation for employment expenses;
(d) net receipts from nonfarm self-employment (receipts from a nonfarm business, profession or occupation, after deductions for reasonable operating expenses);
(e) net receipts from farm self-employment, whether an owner, tenant, or sharecropper (receipts from a farm or ranch, after deductions for reasonable operating expenses);
(f) net rental income (receipts from rental property after deductions for reasonable operating expenses);
(g) periodic payments from social security, unemployment compensation insurance, union strike funds, workers compensation, veterans benefits, public assistance (including, but not limited to, aid to families with dependent children or temporary assistance for needy families, supplemental security income and non-federally funded general assistance or general relief) and other government payments or benefits, disability benefits and training stipends;
(h) alimony, child support and military family allotments or other regular support from an absent family member or someone not living in the household;
(i) private pensions, government employee pensions (including military retirement pay), railroad retirement and regular insurance, trust or annuity payments;
(j) college or university scholarships, grants, fellowships and assistantships;
(k) dividends, interest or net royalties;
(l) distributions from estates or trusts, net gambling and lottery winnings; capital gains; proceeds from the sale of personal or real property (house, automobile, etc.); tax refunds, federal earned income credit, government subsidies or grants; gifts, one-time insurance payments, recoveries for injury or loss; and
(m) the value of non-cash benefits (including but not limited to inkind compensation, personal use of a business vehicle, housing, food, utilities and payment of personal expenses or obligations).

Mont. Admin. r. 37.2.702

NEW, 1999 MAR p. 1300, Eff. 6/18/99; AMD, 2003 MAR p. 2440, Eff. 10/31/03.

Sec. 53-1-403, MCA; IMP, Sec. 53-1-405, MCA;