By SUZANNE DOWNING
March 10, 2026 – Congressman Nick Begich has introduced legislation that would exempt payments such as Alaska’s Permanent Fund Dividend from federal income taxes, a move aimed at providing direct tax relief to Alaska residents.
The congressman announced the bill during Tuesday’s speech at the Alaska Legislature.
Begich introduced HR 7760 on March 3. The measure would amend the Internal Revenue Code of 1986 to exclude certain payments from gross income when they come from state-established funds created for the welfare of residents. If enacted, the bill would mean payments such as Alaska’s annual dividend would no longer be counted as taxable federal income.
Currently, the dividend distributed through the Alaska Permanent Fund is treated as taxable income by the federal government. Each year, Alaskans receive a Form 1099-MISC reporting the payment, which must be included on Schedule 1 of Form 1040 when filing federal tax returns. Although Alaska has no state income tax, residents must still pay federal taxes on the dividend.
The legislation has been referred to the US House Committee on Ways and Means, which has jurisdiction over federal tax policy. As of today, the bill had no co-sponsors and had not advanced beyond the committee stage.
Although Begich’s office has not issued a detailed press release specifically highlighting the bill, the proposal fits within his broader emphasis on tax relief and economic policies intended to benefit Alaska residents.
The Permanent Fund dividend distributes a portion of the state’s oil wealth to eligible Alaskans each year. The program, created in the early 1980s, is funded through earnings from the Alaska Permanent Fund, which invests a share of the state’s oil revenues.
For HR 7760 to become law, it needs to advance through the House Ways and Means Committee, pass both the US House and Senate, and be signed by the president. For now, the bill remains in committee awaiting further action.
10 thoughts on “Congressman Begich introduces bill to remove income tax from Permanent Fund dividend”
Fat chance. Other states both Red and Blue are jealous of the Alaska PFD, and the last thing they will do, therefore, is to fatten it for Alaskans.
Can you spell “p a n d e r I n g”?
Scroll scroll scroll. Hey Siri, search this for “Iran war”. Hmm. Nothing. Surely Nick Begich is aware of WWIII. I wonder why no report on his opposition to illegally murdering 150 children in Iran? He opposes the war of course. Right? No one with compassion and intelligence supports it.
Crickets here and on MRAK as well.
#SendBarron
I’m shocked, shocked I tell ya, that Hans and his buddy Evan support the theocratic authoritarian Iranian regime over the Iranian people and over America…shocked. Yep they are both perfectly fine with the theocratic authoritarian Iranian regime murdering countless thousands of Iranian protesters but when the theocratic authoritarian Iranian regime reports (without evidence) that the “Great Satan” might have inadvertently killed 100+ Iranians then the feigned outrage and spreading of theocratic authoritarian Iranian regime propaganda is put on full display. It would be pathetic if it weren’t so obvious.
Your comment Steve-O is superbly Steve-O ish. Glancing attempt to understand what I am saying, not pausing long enough to think that maybe El Bumpo’s excursion, special relationship, strategic strike, international dust-up or whatever today’s definition dodge is, that maybe war is NOT the answer. But no, hyperbole gets a workout when Steve-O (Wasilla) says I (and Hans Litten) are, “perfectly fine with the theocratic authoritarian Iranian regime murdering countless thousands of Iranian protesters.” Speaking only for myself, no, Steve-O I do not support the Iranian murderous thugs. I hate them. But, if only WAR wasn’t the bloody skank that kept Pete Hegseth’s dick hard all night, we might get somewhere with Iran. Actually we did. Obama crafted a nuclear reduction plan that could have kept nuclear weapons on a leash. But, Trump, afraid of ceding anything good to a Black man, tore up the deal. And now, diplomacy died along with the 150 Iranian school girls ages 5-12 (do you have children Steve-O?) when Trump and Hegseth killed them.
“Obama crafted a nuclear reduction plan that could have kept nuclear weapons on a leash” by that you of course mean to say that Obama’s plan allowed Iran to the doorstep of developing nuclear weapons through appeasement and has lead to the current situation in the middle east.
I get it, the people who supply you your talking points are working overtime so your content has been slacking lately, tell them to step it up. The propaganda war from your side is flailing.
And yes, this latest post of yours only serves to confirm that you are a lapdog for the theocratic authoritarian Iranian regime…whether knowingly or not, it doesn’t much matter.
What’s the point of abolishing taxes on a pfd when there will be nothing to collect because of our greedy politicians demecrats and republicans. I would rather collect a full statutory dividend and pay taxes on it!!!!!!!
Yeah, 20%* of not very much, is ‘not very much.’ And this years legislature appears bent on making the federal take, “$0.00.”
.
*Or whatever your marginal rate might be.
This bill would sure help us older Begich Boyz. Thanks again, nephew. We’ll make some room for you in the Trust.