# Florida HB 999: Legal Tender Florida HB 999, Legal Tender, is a 2025 House bill sponsored by Douglas Michael "Doug" Bankson (Republican); status signed, last action 2025-05-28 (Chapter No. 2025-100); PRIA reads it as touching household money (as of 2026-10-17). - Canonical: https://policyrisk.com/state-bill/FL-HB999-2025 - As of: 2026-10-17 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Florida HB 999 - State: Florida - Session: 2025 - Title: Legal Tender - Status: signed - Chamber: House - Introduced: 2025-02-24 - Last action: 2025-05-28, Chapter No. 2025-100 - Sponsor: Douglas Michael "Doug" Bankson (Republican) - Cosponsors: 2 - Subjects: Appropriation, Insurance & Banking Subcommittee, Ways & Means Committee, Commerce Committee, House Calendar, Appropriations - Touches household money: yes - Roll calls: 3 (263 yes, 1 no in all) - Economic provisions PRIA read: 9 ## Summary No summary available. ## Bill overview: provisions PRIA read - Coin customers get withdrawal deadlines: benefit, medium. Beginning July 1, 2026, subject to rule approval and reenactment, direct custodian customers receive opening and annual risk disclosures. They also receive quarterly itemized statements and requested audit reports from the latest two calendar years within 10 business days. Custodians must return ph… - Coin owners get stronger storage protections: benefit, medium. Beginning July 1, 2026, subject to rule approval and reenactment, coin custodians owe customers a legal duty as fiduciaries. They must keep each owner’s exact coin quantity and type in Florida, fully assigned to that owner. Custodians must meet location, security, cybersecurity, recordkeeping, asse… - Financial technology firms get regulatory exemptions: benefit, low. Beginning July 1, 2026, subject to rule approval and reenactment, the law expands exemptions in Florida’s financial technology testing program. Relief applies to licensees with approved applications during their testing periods. Regulators can adjust net worth, bond, and collateral requirements to… - Optional coin services get customer safeguards: mixed, medium. Beginning July 1, 2026, subject to rule approval and reenactment, banks and money-services businesses can decline coin services. Banks face no liability for declining unless a contract specifically provides otherwise. Providers offering covered services must separate coin accounts from dollars and… - Qualifying coin buyers get tax exemptions: mixed, medium. Beginning July 1, 2026, subject to rule approval and reenactment, qualifying Florida gold and silver coins are sales-tax exempt. The law sets a 6% sales and use tax on non-legal-tender coins or currency and above-face-value or metal-priced transactions. Exemptions cover U.S. legal tender, qualifyin… - Estates must classify qualifying coins separately: mixed, low. For deaths on or after July 1, 2026, qualifying legal-tender gold and silver coins are not tangible personal property in probate. This change depends on legislative rule approval and reenactment. Physical precious metals that are not legal tender remain tangible personal property when held for hist… - Gold and silver payments stay voluntary: mixed, low. The law recognizes qualifying coins for debts incurred on or after July 1, 2026, when the creditor agrees. Gold must be at least 99.5% pure and silver 99.9%; coins must show weight and purity without prohibited government-mint markings. Nobody must offer or accept these coins, and refusal creates n… - Coin businesses face licensing and inspections: mixed, low. Beginning July 1, 2026, subject to rule approval and reenactment, money-services rules cover coin intermediaries, custodians, and paid exchangers. Custody generally means holding coins over 10 days, excluding personal legal-tender use; Florida-code-regulated financial institutions need no separate… - Government coin payments must be electronic: mixed, low. Beginning July 1, 2026, subject to rule approval and reenactment, government coin payments for debts, taxes, charges, or dues must be electronic. Government offices cannot make or accept these payments in physical coins and need not accept coin payments at all. Participating offices need a written,… ## Sponsors and cosponsors - Sponsor: Douglas Michael "Doug" Bankson (Republican), House - Cosponsor: Commerce Committee - Cosponsor: Chip LaMarca (Republican), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-04-30 | House | House Floor Vote | pass | 113 | 0 | | | 2025-04-29 | Senate | Senate Floor Vote | pass | 38 | 0 | | | 2025-04-23 | House | House Floor Vote | pass | 112 | 1 | | ## Actions (45) - 2025-05-28: Chapter No. 2025-100 - 2025-05-27: Approved by Governor - 2025-05-23: Signed by Officers and presented to Governor - 2025-04-30: Ordered engrossed, then enrolled (House) - 2025-04-30: CS passed as amended; YEAS 113, NAYS 0 (House) - 2025-04-30: Amendment 253202 Concur (House) - 2025-04-30: Senate Message List (House) - 2025-04-29: In Messages (House) - 2025-04-29: CS passed as amended; YEAS 38 NAYS 0 -SJ 635 (Senate) - 2025-04-29: Read 3rd time -SJ 635 (Senate) - 2025-04-29: Amendment(s) adopted (253202) -SJ 629 (Senate) - 2025-04-29: Read 2nd time -SJ 629 (Senate) - 2025-04-29: Substituted for CS/CS/SB 132 -SJ 629 (Senate) - 2025-04-29: Placed on Calendar, on 2nd reading (Senate) - 2025-04-29: Withdrawn from Appropriations -SJ 629 (Senate) - 2025-04-23: Received (Senate) - 2025-04-23: Referred to Appropriations (Senate) - 2025-04-23: In Messages (Senate) - 2025-04-23: CS passed; YEAS 112, NAYS 1 (House) - 2025-04-23: Read 3rd time (House) - 2025-04-23: Added to Third Reading Calendar (House) - 2025-04-23: Placed on 3rd reading (House) - 2025-04-23: Read 2nd time (House) - 2025-04-17: 1st Reading (Committee Substitute 1) (House) - 2025-04-17: Bill added to Special Order Calendar (4/23/2025) (House) - 2025-04-17: Bill referred to House Calendar (House) - 2025-04-17: CS Filed (House) - 2025-04-17: Laid on Table under Rule 7.18(a) (House) - 2025-04-17: Reported out of Commerce Committee (House) - 2025-04-15: Favorable with CS by Commerce Committee (House) - 2025-04-11: PCS added to Commerce Committee agenda (House) - 2025-04-02: Now in Commerce Committee (House) - 2025-04-02: Reported out of Ways & Means Committee (House) - 2025-04-02: Favorable by Ways & Means Committee (House) - 2025-03-31: Added to Ways & Means Committee agenda (House) - 2025-03-21: Now in Ways & Means Committee (House) - 2025-03-21: Reported out of Insurance & Banking Subcommittee (House) - 2025-03-20: Favorable by Insurance & Banking Subcommittee (House) - 2025-03-18: Added to Insurance & Banking Subcommittee agenda (House) - 2025-03-04: 1st Reading (Original Filed Version) (House) - 2025-03-02: Now in Insurance & Banking Subcommittee (House) - 2025-03-02: Referred to Commerce Committee (House) - 2025-03-02: Referred to Ways & Means Committee (House) - 2025-03-02: Referred to Insurance & Banking Subcommittee (House) - 2025-02-24: Filed (House) ## Bill text - er, 2025-05-28: [PDF](https://www.flsenate.gov/Session/Bill/2025/999/BillText/er/PDF) - e1, 2025-04-30: [PDF](https://www.flsenate.gov/Session/Bill/2025/999/BillText/e1/PDF) - c1, 2025-04-17: [PDF](https://www.flsenate.gov/Session/Bill/2025/999/BillText/c1/PDF) - Filed, 2025-02-24: [PDF](https://www.flsenate.gov/Session/Bill/2025/999/BillText/Filed/PDF) ## Related bills - HB 1427: Nursing Education Programs (vetoed) - HB 1095: Criminal Offender Substance Abuse Program (vetoed) - HB 6017: Recovery of Damages for Medical Negligence Resulting in Death (vetoed) - HB 1445: Public Officers and Employees (vetoed) - HB 11: Municipal Water and Sewer Utility Rates (vetoed) - HB 5015: State Group Insurance (vetoed) ## Sources - [er (PDF)](https://www.flsenate.gov/Session/Bill/2025/999/BillText/er/PDF) - [e1 (PDF)](https://www.flsenate.gov/Session/Bill/2025/999/BillText/e1/PDF) - [c1 (PDF)](https://www.flsenate.gov/Session/Bill/2025/999/BillText/c1/PDF) - [Filed (PDF)](https://www.flsenate.gov/Session/Bill/2025/999/BillText/Filed/PDF) ## Related - [HB 1427: Nursing Education Programs](https://policyrisk.com/state-bill/FL-HB1427-2025) - [HB 1095: Criminal Offender Substance Abuse Program](https://policyrisk.com/state-bill/FL-HB1095-2025) - [HB 6017: Recovery of Damages for Medical Negligence Resulting in Death](https://policyrisk.com/state-bill/FL-HB6017-2025) - [HB 1445: Public Officers and Employees](https://policyrisk.com/state-bill/FL-HB1445-2025) - [HB 11: Municipal Water and Sewer Utility Rates](https://policyrisk.com/state-bill/FL-HB11-2025) - [HB 5015: State Group Insurance](https://policyrisk.com/state-bill/FL-HB5015-2025) - [Florida bills](https://policyrisk.com/states/florida/bills) - [Florida state hub](https://policyrisk.com/states/florida) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/FL-HB999-2025 (as of 2026-10-17).