A bill to amend the Internal Revenue Code of 1986 to treat Alaska Permanent Fund dividends as earned income for purposes of the kiddie tax.
USA116th CongressS-2078| Senate
| Updated: 7/10/2019
Lisa Murkowski
Republican Senator
Alaska
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill treats dividends paid to children from the Alaska Permanent Fund as earned income, not subject to the "kiddie tax" which taxes income of children as unearned income subject to the parent's marginal tax rate.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
AlaskaIncome tax ratesInterest, dividends, interest ratesState and local financeTax treatment of families
A bill to amend the Internal Revenue Code of 1986 to treat Alaska Permanent Fund dividends as earned income for purposes of the kiddie tax.
USA116th CongressS-2078| Senate
| Updated: 7/10/2019
This bill treats dividends paid to children from the Alaska Permanent Fund as earned income, not subject to the "kiddie tax" which taxes income of children as unearned income subject to the parent's marginal tax rate.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Lisa Murkowski
Republican Senator
Alaska
Finance Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
AlaskaIncome tax ratesInterest, dividends, interest ratesState and local financeTax treatment of families