The vast majority of sales tax surety bonds are required by businesses that collect additional or "special case" sales taxes.
These taxes include:
Typically a states Department of Revenue or Tax Department will required all or some of these businesses to purchase a surety bond to ensure they pay collect and pay these taxes on time.
Every state will have their own laws that regulate each of the licenses that sell these products.
Click here to get started so you can find the correct tax bond.
It's not common, but when a retail business fails to pay sales taxes for two more more sessions, they will eventually have their retail license suspended.
If they pay their debts and re-apply to get their retail license again, it's very common for the state to require a sales tax surety bond as a guarantee that they will pay going forward.
This is often referred to a blanket sales tax bond.
A sales tax surety bond will have an amount that is - most of the time - equal to the estimated tax liability owed to the state.
Sometimes it can be a multiple like 2x or 3x of the tax liability.
The bond amount will likely vary from year to the next based on how the tax liability figure increases or decreases.
The good news is after a set number of years as long as you have never been delinquent the state will no longer require you to continue renewing your sales tax bond from one year to the next.
As we mentioned above, there are many sales tax bonds for the individual tax types. Click on the tax bond below to learn more.
There are even more specific tax bonds like the Texas mixed beverage sales tax bond. Go search for your bond if I have not linked to it above.
You can get pricing for the sales tax surety bond you need. Click the button below. You need to know the amount of your bond.
Talk to a bond specialist today. They will help you find the surety bond you need and get you the lowest possible price. 1-800-608-9950
Arizona Contractor Taxpayer Bond
Are you required to purchase the Arizona contractor taxpayer bond? Learn what this bond is, why you need it, and how to save money buying it.
Fuel tax surety bonds are required in almost every state for businesses that use, sell, distribute, or mix various types of motor fuel.
IFTA Tax Requirements And IFTA Bond Requirements
The IFTA fuel tax was put in place to give each state a fair share of fuel tax revenue. Here are the requirements including the surety bond some states require.
Texas Mixed Beverage Gross Receipts Tax Bond And Texas Mixed Beverage Sales Tax Bond
Every year Texas bars, private clubs, caterers, and more have to renew their mixed beverage gross receipts tax bond and mixed beverage sales tax bond. Here's how.
Can't find what you're looking for? Let us help!
Get Started » or, if you'd prefer, call us at
(No obligation, takes 2 minutes)