An Act relating to specie as legal tender in the state; and relating to borough and city sales and use taxes on specie.
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- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill changes Alaska’s sales and use tax laws regarding specie, which includes gold and silver. It clarifies that boroughs and cities cannot tax the value of gold or silver when specie is sold or exchanged. The bill also updates state law to define ‘specie’ and outlines a Legislative Budget and Audit Committee study to explore additional forms of legal tender, including potential consumer protections.
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