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| SPONSOR: | Wilson | DATE TYPED: | 02/04/00 | HB | |||
| SHORT TITLE: | Definitions of Earned & Unearned Income | SB | 376 | ||||
| ANALYST: | Dunbar | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY00 | FY01 | FY00 | |||
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to SB 375, Duplicates HB243
SOURCES OF INFORMATION
LFC files
SUMMARY
Synopsis of Bill
SB 376 amends a section of the NM WORKS Act pertaining to the definition of earned and unearned income. The amendment effects a more traditional definition of earned and unearned income and according to the department will reduce the volume of program regulations.
The amendment includes child support; unemployment compensation benefits; union benefits; either cash or in-kind resulting from union membership; gifts; contributions ; and real property income in the "unearned income" definition. The purpose of the amendment is to clearly define these incomes as unearned.
Significant Issues
The bill clarifies the definitions of "earned" and "unearned" income and brings those definitions in line with the income definitions of the Food Stamp Program.
ADMINISTRATIVE IMPLICATIONS
Human Services Department maintains that the change will reduce the volume of program regulations.
DUPLICATION
Duplicates HB 243
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