Florida Makes Certain Gold, Silver Coins Legal Tender for Payment, Including Taxes

The Florida Governor signed a law concerning legal tender. The law includes: 1) providing that any gold coin or silver coin recognized as legal tender in the state is exempt from sales tax; 2) providing that governmental entities may accept gold coins or silver coins for the payment of taxes, charges, or dues levied by the state or local governments or any subdivision thereof; and 3) providing that any governmental entity choosing to accept or tender gold coins and silver coins may only do so electronically and, unless an exemption applies, must contract with a qualified public depository that can ...