Alaska

Alaska’s Gold & Silver Bullion Tax Laws

The state of Alaska doesn’t levy taxes on the sale of gold, silver, and platinum bullion nor does it tax capital gains. Some local jurisdictions in Alaska levy local sales taxes, however. Alaska residents must pay United States federal capital gains taxes.

Legislative Developments

• In April 2024, an Alaska Senate committee passed House Bill 3, which intends to recognize gold and silver as legal tender that can be used for the payment of debts. The bill also intends to repeal all local jurisdiction bullion taxes.

State Information

• Alaska is a non-contiguous state located in the Western United States. While it doesn't share borders with any U.S. state, it does border Canada.
• In 1959, Alaska became the 49th state in the United States.
• The capital of Alaska is Juneau. Other cities include Anchorage and Fairbanks.
• Alaska had a population of 733,391 in 2020.
• Alaska’s real gross domestic product (GDP) was $53.01 billion in 2023, while the median household income was $77,800 in 2020.
• Alaska's economy relies heavily on natural resource extraction, including oil and gas production, as well as the mining of coal, gold, silver, lead, and zinc. Other significant industries include government and the U.S. military, shipping, seafood, and transportation.

Economic and Personal Freedom Information

• Alaska ranks #3 on the Sound Money Index that ranks states based on their friendliness toward gold and silver bullion.
• According to the Freedom in the 50 States report, Alaska ranks #15 in overall freedom, #17 in economic freedom, and #17 in personal freedom.
• Alaska ranks #25 on the Rich States, Poor States index, which evaluates states based on economic competitiveness by considering tax and regulatory burdens, as well as labor policies.