23 MAC Pt. 103, R. 1.23

Resources With Zero Value

Year: 2026Length: 71 wordsOfficial source

Cite as 23 Miss. Admin. Code Pt. 103, R. 1.23

Resources With Zero Value. A. Property does not cease to be a resource simply because it has no current market value. Even though there is no value to count, the property remains a resource for as long as it meets the definition of a resource. If the property develops market value at a later time, this will be an increase in the value of a resource rather than receipt of income.
23 MAC Pt. 103, R. 1.23: Resources With Zero Value | Justis AI