The Alabama Legal Tender Act establishes that refined gold and silver bullion, as well as coins that are stamped with their weight and purity, will be recognized as legal tender in the state of Alabama. This new legislation specifies that while these forms of currency are acknowledged as legal tender, individuals are not obligated to accept or offer them for payment of debts or other purposes. This provision ensures that no liability is incurred for refusing to use such legal tender unless otherwise stipulated by contract or required by law.

The act will take effect on October 1, 2025, and it introduces new legal language that designates refined gold and silver bullion and coins as legal tender, while also clarifying the rights of individuals regarding their acceptance. There are no deletions from current law mentioned in the bill.