S. 2078 (Introduced in Senate) — To amend the Internal Revenue Code of 1986 to treat Alaska Permanent Fund dividends as earned income for purposes of the kiddie tax.

1. Certain scholarships treated as earned income for kiddie tax

(a)

In general— Section 1(g)(4) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph:

“(D) Treatment of Alaska permanent fund dividends—For purposes of this subsection, any Alaska Permanent Fund dividend which is received by the child referred to in paragraph (1) and included in the gross income of such child shall be treated as earned income of such child.”

(b)

Effective date— The amendment made by this section shall apply to taxable years beginning after December 31, 2017.

To amend the Internal Revenue Code of 1986 to treat Alaska Permanent Fund dividends as earned income for purposes of the kiddie tax.

1. Certain scholarships treated as earned income for kiddie tax

Cite this provision

Incoming references