The bill amends section 212.08 of the Florida Statutes to expand the sales tax exemption on bullion sales, specifically gold, silver, and platinum. It removes the previous requirement that the exemption only applies to transactions exceeding $500 and eliminates the need for dealers to maintain specific documentation to identify exempt portions of transactions. This change aims to simplify the process for both consumers and dealers involved in the sale of bullion.

The effective date for this amendment is set for July 1, 2025. By streamlining the exemption criteria, the bill seeks to encourage bullion transactions in Florida by reducing regulatory burdens on dealers and making it easier for consumers to purchase these precious metals without the complications of previous documentation and transaction limits.

Statutes affected:
H 6021 Filed: 212.08