Alaska dividend application period to begin

Eligible Alaskans can start signing up for the 2014 Permanent Fund Dividend on New Year's Day.

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by Associated Press

ANCHORAGE- Eligible Alaskans can start signing up for the 2014 Permanent Fund Dividend on New Year's Day.

The application period for PFD checks begins Jan. 1 and continues through March 31.
People can apply online or pick up forms at designated distribution centers.
Eligible Alaska residents received checks of $900 in October when the 2013 dividend was distributed. The money comes from investment profits from the state's oil-wealth savings account.
New residents must live in Alaska 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.