The Alaska Department of Revenue plans to issue payments within three days to eligible individuals who have not yet received the state's 2023 Permanent Fund distribution.
Alaskans who had “eligible/unpaid” status by Jan. 10 and did not receive a PFD payment prior to 2023 will receive a payment on Thursday. The program began making 2023 payments to eligible residents in October.
The state is accepting applications for 2024 Permanent Fund distributions from eligible residents until March 31. To apply for the program, Alaskans fill out an application online or with a paper form.
To qualify for this program, which provides residents with annual payments based on Alaska's mineral revenue for that year, applicants must intend to reside in Alaska indefinitely and are not a convicted felon. There are requirements such as:
The Alaska Department of Revenue determined last year that the 2023 PFD checks would be worth $1,312 per resident.
“The 2023 PFD marks the 42nd year that Alaskans have received a share of our state's rich natural resources,” Alaska Department of Revenue Secretary Adam Crum said in a statement. “I would like to thank the Permanent Fund Dividend Department for its tireless work throughout the year in administering the program and processing applications.”
Click here to read the full Washington Examiner article
In 2023, he said, “We processed more than 8,000 more applications this year than in 2022. The 2023 PFD will inject nearly $1 billion into the state's economy and directly into the hands of Alaskans.” It will be,” he added.
For more information about the Permanent Fund Dividend Program, please visit the Alaska Department of Revenue website.