UpdatedIncome – Mineral Rights

317:35-5-42(b)(4)(B), 317:35-5-42(e)(4) The policy for the royalties from mineral rights was changed. Income from mineral rights are never treated as a lump sum. The income is averaged over six months. The exception is when there is a dramatic increase or decrease to the royalties, average only two months income. Royalties from trusts held by the […]

Unearned Income