Sentences with phrase «federal asset test»

Information on how states can choose «categorical eligibility» (Cat El) rules to raise or eliminate the federal asset test in the Supplemental Nutrition Assistance Program (SNAP).

Not exact matches

Upon dissolution or winding up of said corporation's affairs, whether voluntary or involuntary, all of its assets then remaining in the hands of the board of directors shall, after paying or making provision for payment of all of said corporation's liabilities, be distributed, transferred, conveyed, delivered, and paid over only to educational, scientific, literary, or charitable organizations that are exempt from federal income tax under section 501 (c)(3) of the Internal Revenue Code of 1986, as amended, and which are not private foundations within the meaning of section 509 (a) of the Internal Revenue Code of 1986, as amended, on whatever terms and conditions and in whatever amounts the board of directors may determine, for use exclusively for educational, scientific, literary, or charitable purposes, except that no distribution shall be made to organizations testing for public safety.

Simplified Needs Test If the parents have an adjusted gross income of less than $ 50,000 and every family member was eligible to file an IRS Form 1040A or 1040EZ (or wasn't required to file a Federal income tax return), the Federal Methodology ignores assets when computing the EFC.

Second, there is the chance that the federal government will eventually nip this in the bud by adding an asset test to GIS.