Alaska HB209 modifies eligibility for the Permanent Fund Dividend by setting an income threshold.

Alaska HB209 amends the eligibility criteria for the Permanent Fund Dividend, establishing an income threshold for recipients. Under the bill, individuals must have a federal adjusted gross income below specified limits to qualify for the dividend. The bill also outlines procedures for calculating and distributing the dividend, including adjustments for inflation and provisions for ineligibility due to criminal convictions. The changes apply to the 2025 qualifying year and subsequent years.

Alaska HB209 modifies eligibility for the Permanent Fund Dividend by setting an income threshold.

Alaska HB209 amends the eligibility criteria for the Permanent Fund Dividend, establishing an income threshold for recipients. Under the bill, individuals must have a federal adjusted gross income below specified limits to qualify for the dividend. The bill also outlines procedures for calculating and distributing the dividend, including adjustments for inflation and provisions for ineligibility due to criminal convictions. The changes apply to the 2025 qualifying year and subsequent years.