Thursday, March 31, 2016

Last Day To Apply For Alaska Permanent Fund Dividend Check

We were headed to a meeting downtown around 2pm and noticed the line outside the PFD office.   A lot shorter than the lines at the Democratic caucus Saturday.

March 31 is the deadline to file.

Lots of question marks over the future of the fund, as corporations want to tap into the fund now that oil prices are low and the state's short of money, rather than to impose income taxes.  That makes sense since in Alaska, corporations aren't yet 'people' when it comes to applying for a Permanent Fund Dividend.  Since the amount of the checks is based on a five year average, the drop in oil prices this past year shouldn't have too big an effect this year.

From the Permanent Fund website:
"How the PFD amount is calculated
  • Add Fund Statutory Net Income from the current plus the previous four fiscal years.
  • Multiply by 21%
  • Divide by 2
  • Subtract prior year obligations, expenses and PFD program operations
  • Divide by the number of eligible applicants"

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