New Legislation HB 999, signed on Tuesday, May 27 in Florida, by Governor Ron DeSantis in Apopka, establishes the use of gold and silver coins in the payment of goods, services, taxes, and other financial obligations, following specific purity standards.

With the signing of this law, Florida will become, as of July 1, 2026, the first state with this payment system.

Governor DeSantis stated: “We will use our authority under the State Constitution to ensure that gold and silver are recognized as legal tender.”

HB 999 also establishes the elimination of the “state sales tax on transactions involving gold and silver coins that meet defined criteria,” which constitutes a significant change in the state’s approach to regulating financial transactions involving precious metals.

M.Pino

Source: infobae

(Reference image source: Roman Manshin on Unsplash)

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