HB 11 Alaska House · 34th Legislature (2025-2026)

An Act relating to contributions and donations from permanent fund dividends.

HB 11 modifies how Alaska permanent fund dividends are handled when recipients choose to redirect funds. It establishes a specific priority order for contributions and donations: funds must first cover mandatory contributions under AS 43.23.130, then donations under AS 43.23.230, and finally other contributions under AS 43.23.135. This directly affects Alaskans who receive permanent fund dividends and elect to redirect part of their payment toward state funds. The bill ensures these redirections follow a clear, standardized process when the total requested amount exceeds the dividend payout.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 22, 2025 Last action May 16, 2025

Maddy AI version diff · 1 comparison

What changed between versions

HB 11 → CSHB 11(STA) · 5 edits

MODERATE

The bill was amended from a House Bill to a Senate Committee substitute version, which significantly expanded the transparency requirements for Permanent Fund Dividend (PFD) statements. The new version requires the dividend stub to disclose specific details about how the dividend amount was calculated, including income sources, administrative costs, and the total amount that would have been paid to ineligible individuals (such as felons). It also clarifies the legislative purpose behind denying dividends to convicted felons and mandates a statement that the dividend remains subject to federal income tax regardless of any contributions made.

Scope change

The bill's scope expanded from general administrative duties to include specific, detailed disclosure requirements on the dividend check itself, focusing on transparency regarding fund sources, administrative costs, and eligibility denials.

REQUIREMENT

Added mandatory disclosure items to the PFD stub, including the amount of income from constitutional deposits, appropriations, inflation offsets, and administrative costs.

Added a requirement to disclose the total amount of dividends that would have been paid to individuals who were ineligible due to felony convictions or incarceration.

Added a statement explaining the legislative purpose for denying dividends to convicted felons, specifically to fund victim services and restitution.

Added a statement clarifying that the dividend is subject to federal income tax even if the recipient makes contributions to the general or permanent fund.

TECHNICAL

Changed the bill header from 'HB 11' to 'CSHB 11(STA)' and updated the sponsor listing to reflect the House State Affairs Committee.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 16, 2025

Committee

(H) REFERRED TO FINANCE

lower

May 15, 2025

Lower · Passed

(H) Moved CSHB 11(STA) Out of Committee -- Delayed to 4:15 pm--

lower

1 primary · 10 co-sponsors