Archive · 29 May 2025
Florida Makes Gold and Silver Legal Tender, Exempts Sales Tax
Florida's governor, Ron DeSantis, signed a bill making gold and silver legal money in the state.
This means people can use gold and silver to buy things.
The bill also says these metals won't be taxed when used.
It starts in July 2026 if the state legislature approves.
DeSantis wants to give Floridians more financial options and protect their money from inflation and government spending.
The law allows financial businesses to accept gold and silver.
It's seen as a way to provide more financial freedom and protect wealth.
The goal is to offer an alternative to standard currency.
Florida Governor Ron DeSantis signed a bill recognizing gold and silver as legal tender.
The bill exempts gold and silver from sales tax in Florida.
The law is set to take effect on July 1, 2026, pending legislative ratification.
Financial service providers can process transactions using gold and silver.
The legislation aims to shield wealth from inflation and federal spending.
- Who
- Ron DeSantis, Florida Governor
- What
- Signed a bill making gold and silver legal tender and exempt from sales tax.
- When
- Signed on Tuesday
- Where
- Florida
- Why
- To give Floridians more financial tools and protect wealth from inflation.
- Governor
- Ron DeSantis
- Effective Date (if ratified)
- July 1, 2026
- Legal Tender
- Gold and Silver Coins
- Tax Exemption
- Sales Tax
- Bill Sponsor
- State Representative Bill Bankson