Protect Future Dividends Act

House Bill

H.R. 7760

119th Congress

Protect Future Dividends Act

In Committee

Introduced:Mar 3, 2026

Primary Sponsor

Nicholas Begich

R - AK

Cosponsors

0

Quick Stats

Summary

This bill would make certain state-funded payments to residents tax-free at the federal level. If passed, money you receive from state programs designed to support residents' welfare—like Alaska's Permanent Fund Dividend or similar programs in other states—would no longer count as taxable income on your federal tax return.

Latest Action

Referred to the House Committee on Ways and Means.

Introduced3/3/2026

StatusReferred to the House Committee on Ways and Means.

ChamberHouse

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Vote Prediction

Protect Future Dividends Act

This bill would make certain state-funded payments to residents tax-free at the federal level. If passed, money you receive from state programs designed to support residents' welfare—like Alaska's Permanent Fund Dividend or similar programs in other states—wou

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would make certain state-funded payments to residents tax-free at the federal level. If passed, money you receive from state programs designed to support residents' welfare—like Alaska's Permanent Fund Dividend or similar programs in other states—would no longer count as taxable income on your federal tax return.

Bill Number: 7760
Introduced: 3/3/2026
Status: Referred to the House Committee on Ways and Means.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Protect Future Dividends Act
Bill Number: 7760
Sponsor: No sponsor
Status: Referred to the House Committee on Ways and Means.
Introduced: 3/3/2026
Summary: This bill would make certain state-funded payments to residents tax-free at the federal level. If passed, money you receive from state programs designed to support residents' welfare—like Alaska's Permanent Fund Dividend or similar programs in other states—would no longer count as taxable income on

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would make certain state-funded payments to residents tax-free at the federal level. If passed, money you receive from state programs designed to support residents' welfare—like Alaska's Permanent Fund Dividend or similar programs in other states—would no longer count as taxable income on your federal tax return.

Last updated: 3/4/2026

Key Points

Main provisions of the bill

State residents receiving payments from state welfare funds would keep more money by not paying federal taxes on these benefits
Most relevant to Alaska residents who receive annual Permanent Fund Dividends, which currently are taxable by the IRS
Could encourage other states to create similar resident benefit programs without the concern of creating additional tax burdens for recipients
Would reduce federal tax revenue from these specific payments while increasing take-home benefits for recipients

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily benefit residents of states with established benefit programs, especially Alaskans who receive annual oil revenue dividends averaging $1,000-$2,000. For a typical Alaskan family of four, this could mean keeping several hundred additional dollars that would otherwise go to federal taxes. The change could also make it more financially attractive for other states to establish similar programs for their residents.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

7760, 119th Congress (2026). "Protect Future Dividends Act". Source: Voter's Right Platform. https://votersright.org/bills/119-hr-7760

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