Sales Tax Bond
What is a Sales Tax Bond?
A Sales Tax Bond is a type of Commercial bond that ensures that businesses pay sales taxes to the government as required.
Protects the government’s interest in collecting sales tax revenue.
Required for businesses that collect sales tax to ensure compliance with tax laws and regulations.
Applicant’s personal or business information, credit history, bond amount, and business details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
