JUNEAU, AK / ACCESS Newswire / May 29, 2026 / Today, Alaska enacted a bill that removes local sales taxes from purchases of gold and silver and reaffirms that the metals are constitutional money recognized by the state.
Representative Kevin McCabe (R – Big Lake) and Senator Mike Cronk (R – Tok/Northway) sponsored Alaska House Bill 1 and Senate Bill 162 and secured broad support from both in-state activists and national groups such as Sound Money Defense League and Money Metals Exchange.
Forty-five states have already fully or partially eliminated the state sales tax on the purchase of precious metals, including Alaska. However, local government bodies in Alaska could (and did) still impose sales tax on precious metals purchases if they choose. This bill prohibits local taxes on the precious metals content of gold and silver.
This measure also reaffirms Alaska’s recognition of gold and silver as money as outlined in Article I, Section 10 of the U.S. Constitution, which says “No state shall… make any Thing but gold and silver Coin a Tender in Payment of Debts.”
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