AK HB209

Sets the Permanent Fund Dividend (PFD) at a fixed $1,000 per eligible resident, replacing the current formula that calculates dividend amounts based on fund earnings

Adds income eligibility requirements: individuals filing single, head of household, or married filing separately must have federal adjusted gross income of $50,000 or less; married couples filing jointly must have combined income of $100,000 or less

Changes PFD funding from automatic transfers by the Permanent Fund Corporation to discretionary legislative appropriations from the earnings reserve account

Removes the requirement for the Commissioner to publicly announce dividend amounts by October 1 each year and eliminates disclosure of how appropriations reduced dividend amounts

Applies to the 2025 qualifying year for the 2026 dividend and takes effect immediately upon passage