Alaska2026Passed Legislature
HB209
HB 209: Changes to Alaska Permanent Fund Dividend Amount and Income Limits
Last scannedSep 22, 2026, 12:32 AM
In one sentence
This bill sets the permanent fund dividend at $1,000 for eligible residents who meet new income limits and changes how net income is calculated by excluding unrealized gains or losses.
What it does
- Sets the permanent fund dividend amount at exactly $1,000 per eligible resident instead of using a formula based on past earnings averages.
- Requires applicants to have an adjusted gross income of $50,000 or less if filing single and $100,000 or less if married filing jointly.
- Allows the legislature to choose how much money from the Earnings Reserve Account goes toward dividends rather than requiring automatic transfers.
- Excludes income earned from a specific legal settlement with Amerada Hess from being used for dividend payments.
- Updates rules so that net income calculations do not include unrealized gains or losses on investments.
Who it affects
- Alaska residents who apply for the permanent fund dividend and have incomes below the new limits.
- The Alaska Legislature, which will decide how much money to appropriate from the Earnings Reserve Account each year.
- Residents with federal adjusted gross income above $50,000 (single) or $100,000 (married filing jointly), who become ineligible for the dividend.
Limits and unknowns
- The bill text does not state when these changes will officially take effect.
- It is unclear how much money remains in the Earnings Reserve Account to fund $1,000 payments for all eligible residents each year.
- The final status of the bill depends on actions by the Governor after it passed the Legislature.
Plain language
Terms to know
- Earnings Reserve Account
- A specific account within the Alaska Permanent Fund that holds money earned from investments to be used for dividends or other state needs.
- Adjusted Gross Income
- The total income a person reports on their federal tax return after certain deductions are taken out, which determines if they qualify for the dividend.
Official record
Sources
Read the official summary
PERMANENT FUND DIVIDEND: INCOME THRESHOLD An Act relating to the Alaska permanent fund; relating to income of the Alaska permanent fund; relating to the amount available for appropriation and appropriations from the earnings reserve account; relating to the permanent fund dividend; and providing for an effective date.
Official activity
Bill history
- (H) <Bill Hearing Canceled> -- MEETING CANCELED --Text
- (H) JUDICIARY at 01:00 PM GRUENBERG 120Text
- (H) Minutes (HJUD)Min
- (H) Heard & HeldText
- (H) JUDICIARY at 01:00 PM GRUENBERG 120Text
- (H) REFERRED TO JUDICIARY937
- (H) JUD, FIN937
- (H) READ THE FIRST TIME - REFERRALS937