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

Summary

The act adds gold and silver specie to Alaska's definition of legal tender, subject to federal, foreign or state approval, but does not force anyone to accept it. It also prohibits boroughs and cities from levying sales or use taxes on transactions involving such specie. The measure aims to clarify the status of precious‑metal payments while protecting local tax bases.

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