The bill amends section 212.08 of the Florida Statutes to expand the sales tax exemption on bullion sales. It removes the previous requirement that the exemption only applies to single transactions exceeding $500 and eliminates the need for dealers to maintain specific documentation to identify exempt portions of transactions involving gold, silver, or platinum bullion.

As a result of these changes, the sale of gold, silver, or platinum bullion will be exempt from sales tax without the limitations of transaction size or documentation requirements. The bill is set to take effect on July 1, 2025.

Statutes affected:
H 6021 Filed: 212.08