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FL H6021
Bill
Status
Failed
6/16/2025
Primary Sponsor
Doug Bankson
Click for details
AI Summary
- Expands Florida's existing sales tax exemption on gold, silver, and platinum bullion by removing the requirement that the sale exceed $500, making all bullion sales exempt regardless of price
- Removes the requirement that the exemption apply only to bullion purchased "in a single transaction," allowing the exemption to apply across multiple transactions
- Eliminates the requirement for dealers to maintain department-prescribed documentation identifying the exempt bullion portion of a transaction
- Amends section 212.08, Florida Statutes, paragraph (ww) of subsection (7)
- Effective date is July 1, 2025
Legislative Description
Tax Exemption on Sales of Bullion
Last Action
Died in Budget Committee
6/16/2025
Committee Referrals
Budget Committee3/27/2025
Ways and Means Committee2/19/2025
Full Bill Text
No bill text available