Through this bill a severance tax on coal, sand gravel, dimension stone, limestone, gypsum and crushed stone will be imposed in the amount of 4.5% of the gross value of the materials recovered from the earth. A surety bond must be posted by the persons required to file the tax reports and pay the amount owed. The amount will be determined by the Department of State Revenue. Cash will also be accepted in lieu of the bond.
Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.
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Lance Surety Bond Associates, Inc. is a surety bond agency based out of southeastern Pennsylvania that is able to write all surety bond types in all 50 states. We are dedicated to servicing all of our customers' surety bonding needs throughout the country and guarantee competitive rates, timely responses, and unparalleled customer service.