summary
Introduced
02/20/2024
02/20/2024
In Committee
04/09/2024
04/09/2024
Crossed Over
Passed
Dead
05/16/2024
05/16/2024
Introduced Session
33rd Legislature
Bill Summary
An Act relating to the permanent fund dividend and a one-time permanent fund dividend payment and land voucher; and providing for an effective date.
AI Summary
This bill amends Alaska's Permanent Fund Dividend (PFD) program to allow eligible individuals to opt for a one-time payment of $5,000 in 2026, followed by additional $5,000 payments in 2027 and 2028, in lieu of receiving regular PFD payments after 2028. The bill also requires the Department of Revenue to modify the 2026 PFD application to allow individuals to choose the buy-out option, and the bill directs the transfer of funds from the Dividend Fund to the General Fund to cover the buy-out payments. The bill takes effect on January 1, 2026.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (1)
Last Action
REFERRED TO FINANCE (on 04/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.akleg.gov/basis/Bill/Detail/33?Root=HB359 |
| BillText | https://www.akleg.gov/PDF/33/Bills/HB0359B.PDF |
| BillText | https://www.akleg.gov/PDF/33/Bills/HB0359A.PDF |
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