Overview

• Gov. Ron DeSantis signed HB999 on May 27, 2025, making Florida the first large state to follow Utah in recognizing gold and silver as legal tender.
• The bill permits government and private entities, including money‐services businesses such as PayPal, to voluntarily accept gold and silver once coins meet 99.5% purity for gold and 99.9% for silver.
• Qualifying gold and silver coins must be stamped with weight and purity to gain legal‐tender status and will be exempt from state sales tax.
• HB999 cannot take effect until the Florida Legislature ratifies its implementing rules, setting a start date of July 1, 2026 for precious-metal transactions.
• Missouri’s similar legislation is awaiting Gov. Mike Kehoe’s signature, reflecting a growing trend of states exploring alternatives to the US dollar amid fiscal concerns.