Alaska 31st Legislature (2019-2020) Status: In Committee

HB 132 — An Act relating to the Alaska permanent fund; relating to the earnings reserve account; relating to the permanent fund dividend; relating to deposits into the permanent fund; relating to appropriations to the dividend fund and general fund; and providing for an effective date.

Last action — (H) Referred to FINANCE

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 31st Legislature (2019-2020). It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

4 added · 4 removed

Plain-language change summary

The recent changes to HB 132 include an adjustment in the amount the legislature can appropriate to the permanent fund dividend from 40% to 33% of specific mineral revenue sources and a shift from requiring an annual $1,800 dividend for eligible individuals to allowing the lesser of that amount or the 33% figure. These amendments matter because they aim to manage state finances by potentially reducing the dividend payouts, which could affect the income of many Alaskans who rely on these payments. Overall, the adjustments reflect ongoing discussions about balancing the state's budget and supporting its citizens.

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Alaska State Legislature The Alaska State Legislature menu Home Senate Current Members Past Members By Session Alphabetical House Current Members Past Members By Session Alphabetical Bills & Laws Bills All Introduced Actions by Date Awaiting Actions Bills sent to Conf Committee Bills in Committee Governor's Vetoes Passed Legislation Prefile Bill Summary Requestor Summary Statistics Sponsor Summary Subject Summary Laws Constitution Constitutional Convention Files Statutes Executive Orders - Current Executive Orders - Historical Administrative Code Journals Session Laws & Resolves Session Laws & Resolves 2019 Session Laws & Resolves 2020 - Previous Year Session Law - Previous Year Legislative Resolves Tools Statute Information Retrieval System Bill Tracking Management Facility Past Legislatures (Archives) Committees Hearing Schedule Standing Committees Finance Committees Special Committees Joint Committees Conference Committees Other Committees Minutes Publications Get Started Information Offices Legislative Affairs Legislative Agencies Links Legislative Branch Executive Branch Judicial Branch Alaska Delegation Home Bill & Laws Bills HB 132 Detail FullText txt HB 132:
and providing for an effective date." CS FOR HOUSE BILL NO.
and providing for an effective date." HOUSE BILL NO.
132(STA) 01 "An Act relating to the Alaska permanent fund;
132 01 "An Act relating to the Alaska permanent fund;
Each fiscal year, the 19 legislature may appropriate from the general fund to the dividend fund established 20 under AS 43.23.045 the lesser of 21 (1) the amount equal to 40 percent of 22 (A) mineral lease bonuses, rentals, royalties, royalty sale 23 proceeds, net profit shares under AS 38.05.180(f) and (g), and federal mineral 24 revenue sharing payments received by the state during the previous fiscal year;
Each fiscal year, the 19 legislature may appropriate from the general fund to the dividend fund established 20 under AS 43.23.045 the lesser of 21 (1) the amount equal to 33 percent of 22 (A) mineral lease bonuses, rentals, royalties, royalty sale 23 proceeds, net profit shares under AS 38.05.180(f) and (g), and federal mineral 24 revenue sharing payments received by the state during the previous fiscal year;
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Action History

  1. (H) Referred to FINANCE

  2. (H) FN1: ZERO(REV)

  3. (H) AM: KREISS-TOMKINS

  4. (H) NR: STORY, FIELDS

  5. (H) DP: HOPKINS, WOOL

  6. (H) STA RPT CS(STA) 2DP 2NR 1AM

  7. (H) Minutes (HSTA)

  8. (H) Moved CSHB 132(STA) Out of Committee -- Delayed to 15 Minutes Following Session --

  9. (H) STATE AFFAIRS at 03:00 PM GRUENBERG 120

  10. (H) Minutes (HSTA)

  11. (H) Heard & Held

  12. (H) STATE AFFAIRS at 11:30 AM GRUENBERG 120

  13. (H) Minutes (HSTA)

  14. (H) Heard & Held

  15. (H) STATE AFFAIRS at 03:00 PM GRUENBERG 120

  16. (H) STA, FIN

  17. (H) Read the first time - REFERRALS

Sponsors

  • WOOL · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 64 not signed on

Sponsors (1)

  • WOOL

Co-sponsors (0)

None.

Not signed on (64)

64 members have not signed on to this bill.

Show all 64 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation finance
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Frequently asked questions

Who sponsors HB 132?
HB 132 is sponsored by WOOL.
What is the current status of HB 132?
This bill died with 31st Legislature (2019-2020). It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 132?
Track HB 132 free on One Click Politics — get push/email alerts when it moves.

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