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 will arise from refusing to use such legal tender unless otherwise stipulated by a contract or mandated by law.

The act will take effect on October 1, 2025, and it introduces new legal language to current law, specifically stating that "any refined gold or silver bullion, specie, or coin that has been stamped, marked, or imprinted with its weight and purity shall be recognized as legal tender." Additionally, it clarifies that "no person shall be required to offer or accept any recognized legal tender" as described, thereby removing any previous obligations related to the acceptance of such forms of currency.