On Tuesday, Governor Ron DeSantis signed bill HB 999, which recognizes gold and silver as legal tender in Florida, allowing businesses and government entities to accept these metals for transactions. The bill aims to enhance financial sovereignty for Floridians by removing outdated regulations and instituting sales tax exemptions for eligible purchases. Gold must be 99.5% pure and silver 99.9% to qualify. The legislation, inspired by others in states like Utah, will take effect on July 1, 2026, pending legislative ratification.
Gov. Ron DeSantis emphasized that Florida's new gold and silver legal tender bill represents a commitment to financial sovereignty and economic self-determination for its residents.
The legislation, signed by DeSantis, aims to remove outdated regulations and sales taxes, thus facilitating easier access to the gold and silver markets for Floridians.
The bill outlines strict purity requirements for gold and silver coins and establishes a framework under which these metals can be used in transactions.
Echoing legislation in states like Utah, Florida's bill aims to bolster the use of precious metals, emphasizing their role in maintaining economic independence.
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