Protect Future Dividends Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7760 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7760 To amend the Internal Revenue Code of 1986 to exclude from gross income payments from funds established by a State for purposes of the welfare of the individual residents of such State. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 3, 2026 Mr. Begich introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to exclude from gross income payments from funds established by a State for purposes of the welfare of the individual residents of such State. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Protect Future Dividends Act''. SEC. 2. EXCLUSION OF PAYMENTS FROM STATE SOVEREIGN WEALTH FUNDS. (a) In General.--Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended …