Allows eligible Alaska Permanent Fund Dividend applicants to direct their payments into investment accounts.
HB102 enables eligible Alaska Permanent Fund Dividend applicants to direct their dividend payments into investment accounts of their choice. The Department of Revenue must design the application form to include this option and inform applicants that they assume the investment risk. The bill prohibits using dividend fund money for administrative costs related to this new option. The changes take effect January 1, 2026.
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