The annual payment from the Permanent Fund Dividend will be going out to some eligible residents in Alaska in three days.
The first mass disbursement of the $1,312 payments will occur on Oct. 5, per the Alaska Department of Revenue, sending payments to eligible residents.
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Residents who filed electronically, requested direct deposit, and had the “eligible not paid” status as of Sept. 21, according to the state, will receive their payment this week. Alaska residents who have yet to be paid his or her 2022 or earlier year dividends and are “determined eligible during this time” will also be paid by the state program on Thursday.
“The 2023 PFD marks the 42nd year Alaskans have received their share of the state’s natural resource wealth. I would like to thank our Permanent Fund Dividend Division for their tireless work year-round in administering the program and processing the applications,” Alaska Department of Revenue Commissioner Adam Crum said in a statement about the 2023 payment.
“This year, we processed over 8,000 more applications than in 2022. The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans,” he added.
Alaska residents can apply for the program from Jan. 1 to March 31 of each year. Outside of the annual three-month application timetable, there are exceptions for some people to apply at different times.
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To be eligible for payments from the program, an applicant must be an Alaska resident who intends to remain a state resident indefinitely when filling out the application. The resident applying must also not be a convicted felon and not be claiming residency in another state during that year.
Mineral revenues for the state that year determine how much the Permanent Fund Dividend amount is, and the state said the program is meant “to benefit current and future generations” of Alaskans.
