Transactional Gold

Florida Bill Seeks to Make Gold and Silver Legal Tender

Written by Transactional Gold Team | Dec 20, 2024 5:00:00 PM

A new bill in Florida, Senate Bill 132 (SB132), proposes to recognize gold and silver as legal tender, allowing these precious metals to be used in transactions, including paying taxes and debts. The bill also seeks to eliminate sales tax on gold and silver purchases, effectively removing the financial barriers to using them as money. If passed, the bill would make Florida the sixth state to adopt such measures, aligning with states like Utah and Oklahoma that have already established similar laws.