TALLAHASSEE, Fla — Governor Ron DeSantis signed a bill into law on Tuesday, stating gold and silver coins can be used as legal currency in the state of Florida.
HB 999 states, "the person who claims the sales tax exemption bears the burden for determining whether the gold or silver coin meets a specified definition." Retailers can determine if they would like to accept the coins as payment in their establishments.
The bill states that the coins must be minted and stamped to indicate their purity. Purchases of the metals would also be exempt from sales taxes.
HB 999 was first filed in Feb. 2025 and was passed by the Senate in April 2025. The House passed the bill on May 23 before it made its way to the governor's desk on May 27.
The bill will take effect on July 1, 2026.
“You know, it might just be time we take a look if HOAs are really even necessary.
Maybe we should just do away with homeowner associations as a whole.”
South Florida lawmaker Rep. Juan Carlos Porras (R-Miami) says it may be time to do away with homeowners associations altogether, as more Floridians speak out about rising fees, costly lawsuits, and even arrests tied to HOA disputes. He said this week that he is considering filing legislation in the next session that would abolish HOAs statewide.
