Congress·In Committee·H.R. 7760

Tax Exemption for State Dividend Payments

Protect Future Dividends Act

Legislative Progress

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Senate

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This bill would stop the federal government from taxing money that people receive from state-run wealth funds. These funds are often created by states to share profits from natural resources, like oil or minerals, directly with the people who live there.
To be tax-free, the money must come from a permanent state fund that is meant to help residents. The payments must be given to people simply because they live in the state, rather than as a payment for a job or a specific service.
This change would be a major benefit for residents of states with these programs, such as Alaska. Currently, people have to report these dividends as income and pay federal taxes on them, but this bill would allow residents to keep the entire payment.
The goal of the policy is to ensure that state-level benefits intended for the welfare of citizens are not reduced by federal taxes. It would apply to all qualifying payments received after the bill is officially signed into law.

2 milestones2 actions

Mar 3, 2026House

Referred to the House Committee on Ways and Means.

Mar 3, 2026

Introduced in House

Document Type

Congressional Bill

Official Title

Protect Future Dividends Act

Bill NumberHR 7760

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Ways and Means.

Congress.gov

Official legislative information

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