Bill > HB1

This bill declares that "specie," meaning gold or silver valued for its metal content in the form of coins or bullion, is legal tender in Alaska to the fullest extent permitted by the U.S. Constitution, including specie issued by the federal government, recognized foreign governments, or the state itself under specific conditions. Importantly, it prohibits boroughs and cities from levying or collecting sales or use taxes on the value of the gold or silver within specie during its sale or exchange, though it does not require any person or government entity to accept specie as payment. Additionally, the bill mandates a study by the Legislative Budget and Audit Committee on establishing further forms of legal tender and related consumer protections.