Sec. 3. (a) Except as provided in subsection (b), when determining the amount of assistance, an accounting must be taken of any income or property of the child that the child may receive from another source.
(b) The following may not be considered as income or property of the child when determining the amount of assistance for the child:
(1) Money in an individual development account established under IC 4-4-28 that belongs to a child or a member of the child's family.
(2) A Holocaust victim's settlement payment received by the child or a member of the child's family.
(3) Money earned by the child or a member of the child's family as a student participating in:
(A) a paid internship;
(B) a work based learning course (as defined in IC 20-43-8-0.7); or
(C) paid postsecondary work experience that allows the individual to apply for a related apprenticeship (as defined by IC 20-43-8-0.3).
(4) Annual income of up to fifteen thousand dollars ($15,000) that is earned by an individual in the child's household, if the income is earned by an individual who:
(A) resides in the household;
(B) is less than twenty-four (24) years of age; and
(C) earns the additional annual income while the individual is a student participating in or pursuing:
(i) a postsecondary degree;
(ii) a workforce certificate;
(iii) a pre-apprenticeship; or
(iv) an apprenticeship.
[Pre-1992 Revision Citation: 12-1-7-7 part.]
As added by P.L.2-1992, SEC.8. Amended by P.L.15-1997, SEC.4; P.L.128-1999, SEC.10; P.L.14-2020, SEC.4; P.L.168-2021, SEC.4.