HB3 designates specie as legal tender in Alaska and prohibits boroughs and cities from levying sales and use taxes on the sale or exchange of specie. It also defines “specie” as gold or silver valued primarily by metal content, in coin or bullion form, and includes provisions for additional forms of legal tender.
The Alaska State House of Representatives passed HB3 on May 11, 2024 by a vote of 25 to 15. We have assigned pluses to the ayes because this bill is a strong step toward restoring constitutional money in compliance with Article I, Section 10 of the U.S. Constitution and returning to the gold standard.