Bill > S0134

This bill amends Florida Statutes to expand the sales tax exemption for bullion by removing previous restrictions. Currently, the law exempted sales of gold, silver, or platinum bullion only for transactions exceeding $500 and required dealers to maintain specific documentation. The proposed changes would eliminate these conditions, making all sales of gold, silver, and platinum bullion exempt from state sales tax, regardless of the transaction amount or value. Bullion refers to precious metals in bulk form, typically sold as bars or coins with high purity levels, which are often used as investment vehicles. By removing the previous price threshold and documentation requirements, the bill simplifies the tax exemption process for precious metal dealers and investors. The bill is set to take effect on July 1, 2025, giving businesses and tax authorities time to prepare for the change in the sales tax treatment of bullion transactions.

Budget and Finance

https://www.flsenate.gov/Session/Bill/2025/134