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AK HB3

Gold And Silver Specie As Legal Tender


summary

Introduced
01/19/2023
In Committee
04/24/2024
Crossed Over
05/11/2023
Passed
Dead
05/16/2024

Introduced Session

33rd Legislature

Bill Summary

An Act relating to specie as legal tender in the state; and relating to borough and city sales and use taxes on specie.

AI Summary

This bill amends Alaska's laws related to specie (gold and silver coins or bullion) as legal tender. Specifically, it prohibits boroughs and cities from levying or collecting sales or use tax on the sale or exchange of specie. It also establishes that, to the fullest extent allowed by the U.S. Constitution, legal tender in Alaska includes specie issued by the federal government, certain foreign governments, and the state government if authorized by a court. The bill also directs the Legislative Budget and Audit Committee to study the possibility of establishing additional forms of legal tender for the state.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (22)

Last Action

REFERRED TO FINANCE (on 04/24/2024)

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