Alaska legislation · 34th Legislature
Alaska HB1: SPECIE AS LEGAL TENDER
Status: Chaptered, May 30, 2026
An Act relating to specie as legal tender in the state; and relating to borough and city sales and use taxes on specie.
What the bill says
From the introduced text:
LAWS OF ALASKA Source Chapter No. CSHB 1(STA) _______ Relating to specie as legal tender in the state; and relating to borough and city sales and use taxes on specie. _______________ THE ACT FOLLOWS ON PAGE Enrolled HB Relating to specie as legal tender in the state; and relating to borough and city sales and use taxes on specie. _______________ * Section 1. AS 29.10.200(56) is amended to read: (56) AS 29.45.650(c), (d), (e), (f), (i), (j), (k), [AND] (l), and (m) (sales and use tax); * Sec. 2. AS 29.10.200(57) is amended to * Sec. 3. AS 29.45.650(a) is amended to read: (a) Except as provided in AS 04.21.010(c), AS 29.45.750, and in (f), (h), (i), (j), (k), [AND] (l), and (m) of this section, a borough may levy and collect a sales tax on sales, rents, and services provided in the borough. The sales tax may apply to any or all of these sources. Notwithstanding other statutes, exemptions may be granted by ordinance. A borough may wholly or partially exempt a source from a borough sales -1- Enrolled HB tax that is taxed by a city in that borough under AS 29.45.700. * Sec. 4. AS 29.45.650 is amended by adding a new subsection to read: (m) A borough may not levy or collect a sales or use …
Sponsors
- Kevin McCabe (R, HD-030) · primary sponsor
- Jubilee Underwood (R, HD-027)
- DeLena Johnson (R, HD-011)
- George Rauscher (R, SD-O)
- Elexie Moore (R, HD-028)
- Cathy Tilton (R, SD-M)
- Frank Tomaszewski (R, HD-034)
- Mike Prax (R, HD-003)
- Julie Coulombe (R, HD-011)
- Justin Ruffridge (R, HD-007)
- Bill Elam (R, HD-008)
- Jeremy Bynum (R, HD-001)
Latest actions
- : (H) EFFECTIVE DATE(S) OF LAW 8/28/26
- : (H) LAW W/O GOVERNOR SIGNATURE 5/29 CHAPTER 6 SLA 26
- : (H) MANIFEST ERROR(S)
- : (H) 2:55 P.M. 5/13/26 TRANSMITTED TO GOVERNOR
- : (S) VERSION: CSHB 1(STA)
- : (S) RETURN TO (H), TRANSMIT TO GOVERNOR NEXT
- : (S) CROSS SPONSOR(S): CRONK, BJORKMAN, YUNDT
- : (S) PASSED Y19 N1
- : (S) READ THE THIRD TIME CSHB 1(STA)
- : (S) CROSS SPONSOR(S): RAUSCHER, TILTON
Votes
- PASSED (May 12, 2026): 19 yea, 1 nay, passed
- PASSED (May 7, 2026): 40 yea, 0 nay, passed
Subjects: FINANCE, DEBT, TAXATION, LEGISLATIVE COMMITTEES, SALES, MUNICIPALITIES
Common questions
- What is HB1?
- HB1 is a bill in the Alaska Legislature (34th Legislature): SPECIE AS LEGAL TENDER.
- What does HB1 do?
- An Act relating to specie as legal tender in the state; and relating to borough and city sales and use taxes on specie.
- What is the status of HB1?
- Chaptered as of May 30, 2026. Latest action: (H) EFFECTIVE DATE(S) OF LAW 8/28/26 (June 4, 2026).
- Who sponsored HB1?
- Kevin McCabe (R, HD-030), with 11 co-sponsors.
- Where is the official record for HB1?
- On the Alaska Legislature website: https://www.akleg.gov/basis/Bill/Detail/34?Root=HB 1
Source: official Alaska record. Tracked by Delilah, AI for legislation across all 50 states and Congress.