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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 ...
The Alaska Permanent Fund is a legislatively controlled appropriation established in 1976 to manage a surplus in state petroleum revenues from the recently constructed Trans-Alaska Pipeline System. 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]
Filing status. Phase out begins at AGI of… No credit available above AGI of… Single. $75,000. $80,000. Married filing jointly or qualifying widow(er) $150,000. $160,000. Head of household ...
Most taxpayers in 21 states that sent out stimulus checks or tax rebates in 2022 don’t need to pay federal taxes on those payments. ... Alaska also is included in this group, except for those ...
The Internal Revenue Service (IRS) said around 1 million taxpayers will get up to $1,400 in a rebate in the coming weeks. The automatic payments, which are set to go out later this month, will be ...
Starting in 1982, dividends from the fund's annual growth have been paid out each year to eligible Alaskans, ranging from an initial $1,000 in 1982 (equal to three years' payout, as the distribution of payments was held up in a lawsuit over the distribution scheme) to $3,269 in 2008 (which included a one-time $1,200 "Resource Rebate").
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 ...
The government of Alaska in common with state and federal governments of the United States, has three branches of government: the executive, consisting of the Governor of Alaska and the state agencies; the state legislature consisting of two chambers, the House of Representatives and the Senate; and the judiciary consisting of the Supreme court and lower courts.