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ANCHORAGE (AP) — New Year’s Day in Alaska means eligible residents can start signing up for the 2013 Permanent Fund Dividend.
The application process for PFD checks begins Jan. 1 and continues through March 31. People can sign up online or pick up forms at designated distribution centers.
Alaskans received checks of $878 in October when the 2012 dividend was paid. The money comes from investment profits from the state’s oil-wealth savings account.
New residents must live in the state for a full calendar year to benefit from the permanent fund, which was established in 1976 after North Slope oil was discovered.
The state began distributing dividend checks in 1982.
Alaska has no income tax, but residents must pay federal taxes on the payout.