Senate committee hears SB162 to bar municipal taxes on gold and silver; sponsors say it won't create a state currency Senate Bill 162 would recognize gold and silver (specie) as legal tender to the fullest extent allowed under federal law and prohibit boroughs and cities from taxing the intrinsic value of specie; sponsors and supporters said the bill does not force governments or private entities to accept specie as payment.

Alaska's Senate is considering a groundbreaking bill that could eliminate local taxes on gold and silver, sparking a heated debate on the future of currency in the state!

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