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Alaskans get a $1,312 oil dividend check this year. The political cost of the benefit is high | AP News.
To be eligible for a PFD, you must have been an Alaska resident for the entire calendar year preceding the date you apply for a dividend and intend to remain an Alaska resident indefinitely at the time you apply for a dividend. There are other criteria for eligibility under Alaska Statute 43.23.
The dividend calculation is based on the number of eligible Alaskan applicants in a dividend year and half of the statutory net income averaged over the five most recent fiscal years.
Thursday, September 21, 2023 (Juneau, AK) ? Today the Department of Revenue announced the calculation of the 2023 Permanent Fund Dividend (PFD) as $1,312. The amount allocated for the dividend has been determined each year since 2016 by the Alaska Legislature.
Adjusted for inflation. The 2023 Permanent Fund dividend will be $1,312, the Alaska Department of Revenue said Thursday. The annual payments to Alaskans will be disbursed beginning Oct. 5 and continue in the following weeks, the department said.
The annual payment allows for Alaskans to share in a portion of the State minerals revenue in the form of a dividend to benefit current and future generations. Eligibility to receive a Permanent Fund Dividend is defined by the Alaska Legislature through Statute and Regulation.
The State of Alaska funds the payment with interest on oil revenue earned by the State. Individuals are eligible to receive the payment if they reside in the State of Alaska for the entire year prior to applying for the Permanent Fund Dividend (PFD).