SB 24: "An Act directing the Department of Revenue to pay dividends to certain eligible individuals; and providing for an effective date."
00 SENATE BILL NO. 24 01 "An Act directing the Department of Revenue to pay dividends to certain eligible 02 individuals; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. The uncodified law of the State of Alaska is amended by adding a new section 05 to read: 06 PERMANENT FUND DIVIDENDS. (a) Notwithstanding AS 43.23.005, when 07 determining permanent fund dividend payments under AS 43.23.025 in 2019, 2020, and 2021, 08 the commissioner of revenue shall include a payment of $1,061 in 2019, $1,289 in 2020, and 09 $1,328 in 2021, respectively, in the permanent fund dividend to each eligible individual as 10 provided in (b) - (d) this section. 11 (b) In this section, "eligible individual" for a permanent fund dividend during 12 calendar year 2019 means an individual 13 (1) who received a 2016 permanent fund dividend; and 14 (2) eligible for a 2019 permanent fund dividend.
01 (c) In this section, "eligible individual" for a permanent fund dividend during calendar 02 year 2020 means an individual 03 (1) who received a 2017 permanent fund dividend; and 04 (2) eligible for a 2020 permanent fund dividend. 05 (d) In this section, "eligible individual" for a permanent fund dividend during 06 calendar year 2021 means an individual 07 (1) who received a 2018 permanent fund dividend; and 08 (2) eligible for a 2021 permanent fund dividend. 09 (e) The amount appropriated from the earnings reserve account (AS 37.13.145) to the 10 dividend fund (AS 43.23.045(a)) for payments under (a) of this section to eligible individuals 11 during calendar years 2019, 2020, and 2021 may not contribute to the calculation for the 12 2019, 2020, or 2021 dividends under AS 43.23.025. 13 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).