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The Alaska Permanent Fund (APF) is a constitutionally established permanent fund managed by a state-owned corporation, the Alaska Permanent Fund Corporation (APFC). [1] It was established in Alaska in 1976 [2] by Article 9, Section 15 of the Alaska State Constitution [3] under Governor Jay Hammond and Attorney General Avrum Gross. From February ...
From its initial principal of $734,000, the fund has grown to $40 billion as a result of oil royalties and capital investment programs. [27] Starting in 1982, dividends from the fund's annual growth have been paid out each year to eligible Alaskans, ranging from $331.29 in 1984 to $3,269.00 in 2008 (which included a one-time $1200 "Resource ...
In 1976, the Alaska Permanent Fund was created by an amendment to the State Constitution. After years of political negotiations about what to do with the returns to the fund, Jay Hammond used the power of his office to craft an agreement to create a genuine universal basic income-- the Permanent Fund Dividend. Since implementation of the ...
The amount of the rebate is income-based, with homeowners earning up to $150,000 qualifying for $1,500 and those earning $150,000 to $250,000 receiving $1,000. Renters are also entitled to $450 ...
Alaska also is included in this group, except for those who received the annual payment of Alaska's Permanent Fund Dividend. That is considered taxable income on federal tax returns, the statement ...
The tax agency said it's disbursing the funds after reviewing internal data that showed many people had filed tax returns but yet didn't claim what is known as the "recovery rebate credit" in 2021.
The Alaska Department of Natural Resources is a department within the government of Alaska in the United States. The department has the mission of responsibly developing Alaska's resources by making them available for maximum use and benefit consistent with the public interest. [1] The department comprises seven divisions: Division of Agriculture
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