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 current law specifies that bullion sales are exempt only if the sales price exceeds $500, and it requires dealers to maintain proper documentation to identify the exempt portion of the transaction. The bill removes this price threshold and documentation requirement, allowing for a broader exemption for bullion sales.

The effective date for this change is set for July 1, 2025. By eliminating the previous conditions for exemption, the bill aims to simplify the purchasing process for bullion and encourage investment in precious metals within the state.

Statutes affected:
S 134 Filed: 212.08