The purpose of this legislation, known as the Protect Future Dividends Act, is to change the tax treatment of certain payments made to individuals from state-established funds. Specifically, it aims to exclude these payments from being counted as taxable income under the Internal Revenue Code. The key provision of this law is that payments received by individuals from a state sovereign wealth fund will not be included in their gross income for tax purposes. A state sovereign wealth fund is defined as a permanent fund created by a state to benefit its residents.