News from the Alaska State Legislature, the Office of Senator Wilson
For Immediate Release: April 06, 2018
Senate Votes to Allow PFD Donations to State General Fund
JUNEAU – The Alaska Senate today unanimously passed a bill to give Alaskans the option of donating all or a portion of their Permanent Fund dividend directly to the state general fund.
“I’ve heard from Alaskans who say they wouldn’t mind giving up a portion of their income or PFD to the State of Alaska,” said Sen. David Wilson (R-Wasilla), the bill’s sponsor. “This bill creates a mechanism for Alaskans to donate their PFDs directly to the state general fund.”
Participants will be able to contribute as little as $25, up to the total amount of the PFD, in increments of $25.
A donation to the state’s general fund, in some cases, can be counted as a charitable donation for federal tax purposes. It’s advised, however, that Alaskans consult with a tax professional to verify how this may apply them individually. PFD donations are subject to a 7 percent administrative fee paid to the Permanent Fund Dividend Division.
SB 154 is now on its way to the Alaska House of Representatives for consideration.
For more information, contact Senate Majority Press Secretary Daniel McDonald at (907) 465-4066.
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