Silver

Alaska signed HB 1 into law on May 29, 2026, recognizing gold and silver specie as legal tender and eliminating local sales taxes on precious metals transactions. The bill passed with near-unanimous support, joining a growing list of states , including Kansas and Iowa , that have moved to treat gold and silver as money rather than taxable commodities. The momentum raises real questions about how long federal tax treatment of precious metals can stay out of step with the states.