The Food and Nutrition Act of 2008, as amended, limits the amount of resources that a household may have and still receive SNAP benefits. Resources can include, but are not limited to, cash and funds in checking or savings accounts.
This report analyzes the findings from North Carolina’s Vehicle Exclusion Limit Demonstration, which excluded one vehicle per household, regardless of value, from the Food Stamp Program’s countable asset limit. Under current law, for most families, only the first $4,650 of the first vehicle’s value is excluded. Some have argued that because a reliable vehicle is often required to find and hold a job, the entire value of the first vehicle should be excluded.