Florida DOR Issues Technical Assistance Advisement on Sales Tax Exemption for Palladium

The Florida Department of Revenue (DOR) issued a Technical Assistance Advisement stating that the sale or purchase of palladium is not exempt from Florida sales and use tax under the provisions of s. 212.08(7)(ww), F.S., and Rule 12A-1.0371(3)(b)1. F.A.C. This decision clarifies that while the sale of gold, silver, or platinum bullion in a single transaction exceeding $500 is exempt, this exemption does not extend to palladium. [Fla. Dep’t of Revenue, Technical Assistance Advisement 24A-014, 12/03/24]

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