ARSD 67:46:05:22

ARSD 67:46:05:22. Nonbusiness property used to produce goods or services

Last amended: 1992Year: 2026Length: 95 wordsOfficial source

Cite as S.D. Admin. R. 67:46:05:22

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. 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. Any equity value in excess of $6,000 must be included as a resource. The six percent net annual return provisions required under § 67:46:05:21 do not apply to property meeting the conditions of this section.
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