Florida Senate - 2025 SB 134 By Senator Rodriguez 40-00537-25 2025134__ 1 A bill to be entitled 2 An act relating to the sales tax exemption of bullion; 3 amending s. 212.08, F.S.; exempting the sale of gold, 4 silver, and platinum bullion from the state sales tax; 5 providing an effective date. 6 7 Be It Enacted by the Legislature of the State of Florida: 8 9 Section 1.Paragraph (ww) of subsection (7) of section 10 212.08, Florida Statutes, is amended to read: 11 212.08Sales, rental, use, consumption, distribution, and 12 storage tax; specified exemptions.The sale at retail, the 13 rental, the use, the consumption, the distribution, and the 14 storage to be used or consumed in this state of the following 15 are hereby specifically exempt from the tax imposed by this 16 chapter. 17 (7)MISCELLANEOUS EXEMPTIONS.Exemptions provided to any 18 entity by this chapter do not inure to any transaction that is 19 otherwise taxable under this chapter when payment is made by a 20 representative or employee of the entity by any means, 21 including, but not limited to, cash, check, or credit card, even 22 when that representative or employee is subsequently reimbursed 23 by the entity. In addition, exemptions provided to any entity by 24 this subsection do not inure to any transaction that is 25 otherwise taxable under this chapter unless the entity has 26 obtained a sales tax exemption certificate from the department 27 or the entity obtains or provides other documentation as 28 required by the department. Eligible purchases or leases made 29 with such a certificate must be in strict compliance with this 30 subsection and departmental rules, and any person who makes an 31 exempt purchase with a certificate that is not in strict 32 compliance with this subsection and the rules is liable for and 33 shall pay the tax. The department may adopt rules to administer 34 this subsection. 35 (ww)Bullion.The sale of gold, silver, or platinum 36 bullion, or any combination thereof, in a single transaction is 37 exempt if the sales price exceeds $500. The dealer must maintain 38 proper documentation, as prescribed by rule of the department, 39 to identify that portion of a transaction which involves the 40 sale of gold, silver, or platinum bullion and is exempt under 41 this paragraph. 42 Section 2.This act shall take effect July 1, 2025.