This bill requires the department of human services to promulgate rules relative to:
(1) The supplemental nutrition assistance program (SNAP) asset limit. Beginning in calendar year 2022, the rules must increase the asset limit over four years as follows:
(A) For calendar year 2022, $3,500 in countable resources, or $4,500 in countable resources if at least one member of the household is age 60 or older, or is disabled;
(B) For calendar year 2023, $4,750 in countable resources, or $5,750 in countable resources if at least one member of the household is 60 or older, or is disabled;
(C) For calendar year 2024, $6,000 in countable resources, or $7,000 in countable resources if at least one member of the household is age 60 or older, or is disabled; and
(D) For calendar year 2025 and subsequent calendar years, no asset limit;
(2) The temporary assistance for needy families (TANF) asset limit. Beginning in calendar year of 2022, the rules must increase the asset limit over four years as follows:
(A) For calendar year 2022, $3,500;
(B) For calendar year 2023, $4,750;
(C) For calendar year 2024, $6,000; and
(D) For calendar year 2025 and subsequent calendar years, no asset limit;
(3) The TANF vehicle limit. Beginning in calendar year 2022, the rules must increase the vehicle limit over four years as follows:
(A) For calendar year 2022, $6,000;
(B) For calendar year 2023, $7,400;
(C) For calendar year 2024, $8,800; and
(D) For calendar year 2025 and subsequent calendar years, no vehicle limit.

Statutes affected:
Introduced: 4-5-102(12)(b), 4-5-102