Overview

• Gov. Ron DeSantis signed HB999 into law on May 27, 2025, making Florida the first large US state to recognize gold and silver as legal tender.
• The legislation mandates purity standards of 99.5% for gold and 99.9% for silver for coins to qualify as legal tender.
• Once implemented, qualifying coins will be exempt from Florida sales tax to encourage their circulation.
• Businesses and money service firms may voluntarily accept the metals for debt payments under the new rules.
• The law, designed to offer an alternative to the US dollar and guard against federal monetary policy and inflation, takes effect July 1, 2026, pending legislative ratification.