This bill amends section 212.08 of the Florida Statutes to exempt the sale of gold, silver, and platinum bullion from the state sales tax. The previous requirement that the sales price must exceed $500 for the exemption to apply has been removed, allowing for the exemption to apply to all sales of bullion regardless of the transaction amount. Additionally, the requirement for dealers to maintain specific documentation to identify the exempt portion of a transaction has also been deleted.

The effective date for this change is set for July 1, 2025. This legislation aims to simplify the sales tax process for bullion transactions and encourage investment in precious metals by removing previous restrictions on the exemption.

Statutes affected:
S 134 Filed: 212.08