Bills · HR 7760
IN COMMITTEE· 119TH CONGRESS
House BillHR 7760Taxation
Protect Future Dividends Act
INTRO MAR 3· LAST ACTION MAR 3
READING
2MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it directly affects how much money individuals keep from certain state-sponsored payments. If this bill passes, people living in states with programs like Alaska's Permanent Fund dividend would no longer pay federal income tax on those specific payments, which means more money in their pockets. This could be seen as a direct financial boost to those recipients.
It might also encourage other states to think about setting up similar funds to distribute wealth or natural resource revenues to their citizens, knowing that the federal government won't tax these distributions. If the bill doesn't become law, these state payments would continue to be subject to federal income tax, meaning a portion of that money would go to the federal government instead of staying with the recipient.
KEY PROVISIONS
3AI-extractedPROVISION 01
Excludes payments received by individuals from qualifying "State sovereign wealth funds" from their gross income for federal tax purposes.
This means individuals will no longer pay federal income tax on these specific state payments, increasing their take-home amount.
PROVISION 02
Defines what qualifies as a "State sovereign wealth fund" for this tax exclusion, specifying criteria such as being a permanent fund for residents' benefit, funded by state revenue, and making periodic payments based on residency.
This ensures that only specific types of state funds and payments meet the requirements for the tax exemption, preventing a broad application.
PROVISION 03
The changes made by this bill will apply to any payments received after the date the bill officially becomes law.
This establishes exactly when the new tax rules will begin to take effect for people receiving these payments.
SPONSORSHIP
1 + 0
R· Alaska
YRS IN OFFICE
1
BILLS LED
41
ACTION TIMELINE
2 EVENTSMAR 3
Introduced in House
MAR 3
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 7760
Congress119th
StatusIn Committee
IntroducedMar 3, 2026
Last actionMar 3, 2026
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED MAR 3, 2026
House BillHR 7760Taxation
Protect Future Dividends Act
INTRODUCED MAR 3, 2026· LAST ACTION MAR 3, 2026
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
0
COMPLEXITY
Moderate
