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How Much Does a Mississippi Sales Tax Bond Cost?
The cost of a Mississippi sales tax bond varies based on sales volume and could be $100 or higher. You do not need to pay the full bond amount to comply with Mississippi’s requirement. Instead, you can pay a bond premium when you buy the bond from a surety company.
Our surety company is authorized to serve Mississippi’s bond needs. Bond rates range from 1% to 10% of the total bond amount. We have over 10 years of experience, and we have bonded over 99% of applicants.
Your bond rate will be based on specific qualifications. These include your professional credentials, financial strength and credit rating. All credit scores are considered.
A credit score of 700 or better, qualifies you for a 1% to 3% bond rate. With this score, a $20,000 Mississippi sales tax bond costs between $200 and $600.
Surety Bond Cost Based on Credit Score |
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Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
Mississippi Sales Tax Bond (example) |
$20,000 |
$200 - $600 |
$600 - $1,000 |
$1,000 - $2,000 |
How to Get a Mississippi Sales Tax Bond
1. Apply For Your Bond
It only takes a few minutes to apply for your sales tax bond, and you could receive your bond on the same day. Our efficient, three-step bond process begins when you complete the online application.
2. Get Your Bond Quote
Applications are reviewed immediately, so we provide most of our customers with a bond quote within a few minutes. Some applications are more complicated and require greater review. We provide bond quotes in these cases within 48 hours.
3. Purchase Your Bond
After reviewing your bond quote, you can conveniently finalize your purchase by paying the bond premium online. We will process the bond right away and email it to you. If you need a mailed copy of the bond, please let us know.
We strive to make the process of buying a bond quick and hassle-free. If you need assistance with your purchase, our bond experts are available to help. Contact us online or by phone at (877) 514-5146.
A new customer, Carl, recently applied online for a sales tax bond. He needed the bond urgently and was thrilled by our simple process. Carl got a bond quote, paid the premium and received his bond all in one day. Now, he’s enjoying strong sales doing business in Mississippi.
Sales Tax Bond Requirements in Mississippi
Under Mississippi Code Annotated § 27-65-27, anyone who is required to collect sales tax must have a sales tax bond. This includes transient businesses. However, the bond requirement is waived if the business prepays taxes with approval from the commissioner.
The sales tax bond amount equals two times the tax liability for a 3-month period. The minimum bond amount is $100. The obligee for the sales tax bond is the State of Mississippi. If a business fails to meet the bond requirement, it may face penalties.
The bond remains in full force until it is voided or canceled. The bond obligation is voided if all sales taxes are paid. It can be canceled by the obligee with a 60-day written notice to the surety company.
The bond premium must be paid annually. We will contact you each year before the due date with renewal instructions.
How to Get Your Sales Tax Registration in Mississippi
In Mississippi, the Department of Revenue is in charge of sales tax accounts and registrations. To apply, you must first submit the following information:
After submitting these items online, you will receive an information packet from the Department of Revenue in two weeks. The packet includes information about how to file taxes in Mississippi. For questions about the sales tax registration process and requirements, contact:
Mississippi Department of Revenue
500 Clinton Center Drive
Clinton, MS 39056
Phone: (601) 923-7700
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What Our Clients Have To Say?
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!