Relaxing The FSP Vehicle Asset Test: Findings From The North Carolina Demonstration

This report analyzes the findings from North Carolina’s Vehicle Exclusion Limit Demonstration (VELD), 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.