# Alaska HB 1: SPECIE AS LEGAL TENDER

Alaska HB 1, SPECIE AS LEGAL TENDER, is a 34th Legislature (2025-2026) House bill sponsored by Kevin McCabe (Republican); status became law, last action 2026-06-04 ((H) EFFECTIVE DATE(S) OF LAW 8/28/26); PRIA reads it as touching household money (as of 2026-11-04).

- Canonical: https://policyrisk.com/state-bill/AK-HB1-34
- As of: 2026-11-04
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Alaska HB 1
- State: Alaska
- Session: 34th Legislature (2025-2026)
- Title: SPECIE AS LEGAL TENDER
- Status: became law
- Chamber: House
- Introduced: 2025-01-22
- Last action: 2026-06-04, (H) EFFECTIVE DATE(S) OF LAW 8/28/26
- Sponsor: Kevin McCabe (Republican)
- Cosponsors: 23
- Touches household money: yes
- Roll calls: 1 (19 yes, 1 no in all)
- Economic provisions PRIA read: 2

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Lower local taxes on gold and silver: benefit, low. Alaska boroughs and cities cannot charge sales or use tax on the metal value of qualifying gold or silver. This applies when the coins or bullion are sold or exchanged, including in home-rule municipalities. Qualifying items are valued mainly for their metal content and stamped with their weight an…
- Alaska recognizes voluntary gold and silver payments: benefit, low. Alaska recognizes qualifying gold and silver as legal tender—a way to pay debts—within constitutional limits. Federal coins or bullion qualify when the federal government treats them as legal tender. Foreign coins or bullion must be legal tender when sold or exchanged. Eligible foreign governments…

## Sponsors and cosponsors

- Sponsor: Kevin McCabe (Republican), House
- Cosponsor: Jesse Bjorkman (Republican), Senate
- Cosponsor: Jeremy Bynum (Republican), House
- Cosponsor: Mia Costello (Republican), House
- Cosponsor: Julie Coulombe (Republican), House
- Cosponsor: Mike Cronk (Republican), Senate
- Cosponsor: David Nelson (Republican), House
- Cosponsor: Bill Elam (Republican), House
- Cosponsor: Neal Foster (Democratic), House
- Cosponsor: Garret Nelson (Republican), House
- Cosponsor: DeLena Johnson (Republican), House
- Cosponsor: Chuck Kopp (Republican), House
- Cosponsor: Elexie Moore (Republican), House
- Cosponsor: Mike Prax (Republican), House
- Cosponsor: George Rauscher (Republican), Senate
- Cosponsor: Justin Ruffridge (Republican), House
- Cosponsor: Rebecca Schwanke (Republican), House
- Cosponsor: Steve St. Clair (Republican), House
- Cosponsor: Louise Stutes (Republican), House
- Cosponsor: Cathy Tilton (Republican), Senate
- Cosponsor: Frank Tomaszewski (Republican), House
- Cosponsor: Jubilee Underwood (Republican), House
- Cosponsor: Sarah Vance (Republican), House
- Cosponsor: Robert Yundt (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-05-12 | Senate | PASSED Y19 N1 | pass | 19 | 1 |   |

## Actions (71)

- 2026-06-04: (H) EFFECTIVE DATE(S) OF LAW 8/28/26 (House)
- 2026-06-04: (H) LAW W/O GOVERNOR SIGNATURE 5/29 CHAPTER 6 SLA 26 (House)
- 2026-05-13: (H) MANIFEST ERROR(S) (House)
- 2026-05-13: (H) 2:55 P.M. 5/13/26 TRANSMITTED TO GOVERNOR (House)
- 2026-05-12: (S) VERSION: CSHB 1(STA) (Senate)
- 2026-05-12: (S) RETURN TO (H), TRANSMIT TO GOVERNOR NEXT (Senate)
- 2026-05-12: (S) CROSS SPONSOR(S): CRONK, BJORKMAN, YUNDT (Senate)
- 2026-05-12: (S) PASSED Y19 N1 (Senate)
- 2026-05-12: (S) READ THE THIRD TIME CSHB 1(STA) (Senate)
- 2026-05-11: (S) CROSS SPONSOR(S): RAUSCHER, TILTON (Senate)
- 2026-05-11: (S) ADVANCED TO THIRD READING 5/12 CAL (Senate)
- 2026-05-11: (S) READ THE SECOND TIME (Senate)
- 2026-05-11: (S) RULES TO CALENDAR 5/11/2026 (Senate)
- 2026-05-08: (S) FIN REFERRAL WAIVED UC (Senate)
- 2026-05-08: (S) FIN (Senate)
- 2026-05-08: (S) READ THE FIRST TIME - REFERRALS (Senate)
- 2026-05-07: (H) VERSION: CSHB 1(STA) (House)
- 2026-05-07: (H) TRANSMITTED TO (S) (House)
- 2026-05-07: (H) COSPONSOR(S): KOPP (House)
- 2026-05-07: (H) PASSED Y40 (House)
- 2026-05-07: (H) READ THE THIRD TIME CSHB 1(STA) (House)
- 2026-05-07: (H) ADVANCED TO THIRD READING UC (House)
- 2026-05-07: (H) STA CS ADOPTED UC (House)
- 2026-05-07: (H) READ THE SECOND TIME (House)
- 2026-05-07: (H) RULES TO CALENDAR 5/7/2026 (House)
- 2026-05-06: (H) COSPONSOR REMOVED: STAPP (House)
- 2026-05-01: (H) COSPONSOR REMOVED: ALLARD (House)
- 2026-05-01: (H) FN4: ZERO(CED) (House)
- 2026-05-01: (H) FN3: ZERO(ADM) (House)
- 2026-05-01: (H) NR: GALVIN, HANNAN, SCHRAGE, JOSEPHSON (House)
- 2026-05-01: (H) DNP: JIMMIE (House)
- 2026-05-01: (H) DP: TOMASZEWSKI, STAPP, MOORE, BYNUM, FOSTER (House)
- 2026-05-01: (H) FIN RPT CS(STA) 5DP 1DNP 4NR (House)
- 2026-04-30: (H) Minutes (HFIN) (House)
- 2026-04-30: (H) Moved CSHB 1(STA) Out of Committee (House)
- 2026-04-30: (H) FINANCE at 01:30 PM ADAMS 519 (House)
- 2026-04-30: Audio/Video (House)
- 2026-03-27: (H) COSPONSOR(S): SCHWANKE (House)
- 2026-03-25: (H) COSPONSOR(S): VANCE, ST. CLAIR, D.NELSON, COSTELLO, FOSTER, G.NELSON (House)
- 2025-05-18: (H) COSPONSOR REMOVED: JIMMIE (House)
- 2025-05-18: (H) FN2: ZERO(CED) (House)
- 2025-05-18: (H) FN1: ZERO(ADM) (House)
- 2025-05-18: (H) NR: STORY (House)
- 2025-05-18: (H) DP: VANCE, MCCABE, MOORE, HOLLAND, HIMSCHOOT, CARRICK (House)
- 2025-05-18: (H) STA RPT CS(STA) 6DP 1NR (House)
- 2025-05-17: (H) Minutes (HSTA) (House)
- 2025-05-17: (H) Moved CSHB 1(STA) Out of Committee -- Delayed to 15 min Following Session -- (House)
- 2025-05-17: (H) STATE AFFAIRS at 01:00 PM GRUENBERG 120 (House)
- 2025-05-17: Audio/Video (House)
- 2025-05-15: (H) Minutes (HSTA) (House)
- 2025-05-15: (H) Heard & Held -- Delayed to 4:15 pm-- (House)
- 2025-05-15: (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120 (House)
- 2025-05-15: Audio/Video (House)
- 2025-05-08: (H) Minutes (HSTA) (House)
- 2025-05-08: (H) Heard & Held (House)
- 2025-05-08: (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120 (House)
- 2025-05-08: Audio/Video (House)
- 2025-05-07: (H) COSPONSOR(S): JIMMIE, STUTES (House)
- 2025-05-02: (H) COSPONSOR(S): ELAM, BYNUM (House)
- 2025-04-30: (H) COSPONSOR(S): STAPP, TILTON, ALLARD, TOMASZEWSKI, PRAX, COULOMBE, RUFFRIDGE (House)
- 2025-04-29: (H) Minutes (HSTA) (House)
- 2025-04-29: (H) Heard & Held (House)
- 2025-04-29: (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120 (House)
- 2025-04-29: Audio/Video (House)
- 2025-04-28: (H) COSPONSOR(S): MOORE (House)
- 2025-04-15: (H) -- MEETING CANCELED -- (House)
- 2025-04-15: (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120 (House)
- 2025-01-31: (H) COSPONSOR(S): RAUSCHER (House)
- 2025-01-22: (H) STA, FIN (House)
- 2025-01-22: (H) READ THE FIRST TIME - REFERRALS (House)
- 2025-01-22: (H) PREFILE RELEASED 1/10/25 (House)

## Bill text

- Enrolled HB 1, 2026-05-12: [HTML](https://www.akleg.gov/basis/Bill/Text/34?Hsid=HB0001Z), [PDF](https://www.akleg.gov/PDF/34/Bills/HB0001Z.PDF)
- CSHB 1(STA), 2025-05-18: [HTML](https://www.akleg.gov/basis/Bill/Text/34?Hsid=HB0001B), [PDF](https://www.akleg.gov/PDF/34/Bills/HB0001B.PDF)
- HB 1, 2025-01-22: [HTML](https://www.akleg.gov/basis/Bill/Text/34?Hsid=HB0001A), [PDF](https://www.akleg.gov/PDF/34/Bills/HB0001A.PDF)

## Related bills

- HB 28: EDU: SCHOOLS/TEACHERS/SCHOOL BD/LOAN PRGM (became law)
- SB 178: EXPAND EARLY INTERVENTION SERVICES (became law)
- SB 104: VEHICLES/BOATS: TRANSFER ON DEATH TITLE (became law)
- SB 86: MONEY TRANSMISSION; VIRTUAL CURRENCY (became law)
- HB 263: APPROP: OPERATING BUDGET;FUNDS;SUPP (signed)
- HB 265: APPROP: MENTAL HEALTH BUDGET (signed)

## Sources
- [Enrolled HB 1 (HTML)](https://www.akleg.gov/basis/Bill/Text/34?Hsid=HB0001Z)
- [Enrolled HB 1 (PDF)](https://www.akleg.gov/PDF/34/Bills/HB0001Z.PDF)
- [CSHB 1(STA) (HTML)](https://www.akleg.gov/basis/Bill/Text/34?Hsid=HB0001B)
- [CSHB 1(STA) (PDF)](https://www.akleg.gov/PDF/34/Bills/HB0001B.PDF)
- [HB 1 (HTML)](https://www.akleg.gov/basis/Bill/Text/34?Hsid=HB0001A)
- [HB 1 (PDF)](https://www.akleg.gov/PDF/34/Bills/HB0001A.PDF)

## Related
- [HB 28: EDU: SCHOOLS/TEACHERS/SCHOOL BD/LOAN PRGM](https://policyrisk.com/state-bill/AK-HB28-34)
- [SB 178: EXPAND EARLY INTERVENTION SERVICES](https://policyrisk.com/state-bill/AK-SB178-34)
- [SB 104: VEHICLES/BOATS: TRANSFER ON DEATH TITLE](https://policyrisk.com/state-bill/AK-SB104-34)
- [SB 86: MONEY TRANSMISSION; VIRTUAL CURRENCY](https://policyrisk.com/state-bill/AK-SB86-34)
- [HB 263: APPROP: OPERATING BUDGET;FUNDS;SUPP](https://policyrisk.com/state-bill/AK-HB263-34)
- [HB 265: APPROP: MENTAL HEALTH BUDGET](https://policyrisk.com/state-bill/AK-HB265-34)
- [Alaska bills](https://policyrisk.com/states/alaska/bills)
- [Alaska state hub](https://policyrisk.com/states/alaska)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/AK-HB1-34 (as of 2026-11-04).