Alaska SB162 establishes gold and silver as legal tender in Alaska and prohibits sales tax on specie.

Alaska SB162 amends state statutes to recognize gold and silver, referred to as "specie," as legal tender in Alaska. Specie is defined as gold or silver in the form of coin or bullion stamped with its weight and purity. The bill also prohibits boroughs and cities from levying sales or use taxes on the sale or exchange of specie. The Legislative Budget and Audit Committee is tasked with studying the possibility of establishing additional forms of legal tender.

Alaska SB162 establishes gold and silver as legal tender in Alaska and prohibits sales tax on specie.

Alaska SB162 amends state statutes to recognize gold and silver, referred to as "specie," as legal tender in Alaska. Specie is defined as gold or silver in the form of coin or bullion stamped with its weight and purity. The bill also prohibits boroughs and cities from levying sales or use taxes on the sale or exchange of specie. The Legislative Budget and Audit Committee is tasked with studying the possibility of establishing additional forms of legal tender.