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How Much Does a Nevada Sales Tax Bond Cost?
The cost of a Nevada sales tax bond starts at $100 and is based on the business’s sales and use tax liability. Instead of paying the full penal sum, however, you can meet the bond requirement by purchasing the bond from an authorized surety company.
Our surety company is authorized to sell bonds in Nevada, and we have been serving the state for over 10 years. We sell bonds at a bond premium, and our rates range from 1% to 10%. The bond rate that you qualify for is based on your financial assets, professional experience and credit scores.
More than 99% of our valued customers qualify for the bond they need. We consider all credit scores, and the most competitive rates of 1% to 3% are available for applicants with a 700 score or higher. With this score, a $25,000 sales tax bond costs between $250 to $750.
Surety Bond Cost Based on Credit Score |
||||
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
Nevada Sales Tax Bond (example) |
$25,000 |
$250 - $750 |
$750 - $1,250 |
$1,250 - $2,500 |
How to Get a Nevada Sales Tax Bond
1. Submit Your Bond Application
Buying your Nevada sales tax bond from us is fast and easy to do. Our streamlined, three-step process can often be completed in one day. To get started, submit an online application.
2. Get Your Bond Quote
We provide immediate bond quotes to our valued customers. Some applications are complicated and require additional review. If your application needs greater review, we will provide a bond quote in 48 hours or less.
Kathy wanted to apply for her Nevada sales tax permit right away, so she took advantage of our quick bond process. Shortly after completing the online application, she got a bond quote and made the payment. Because we email bonds, she received the bond on the same day.
3. Purchase Your Bond
Paying for your bond is easy to do through our online payment portal. After we receive your payment, we will quickly prepare the bond and email it to you. We can also mail your bond upon request.
If you have questions or need help with your bond purchase, our friendly bond specialists are available to support you. For assistance, reach us online or by phone at (877) 514-5146.
Sales Tax Bond Requirements in Nevada
In Nevada, a business that is required to hold a sales tax permit must also have a surety bond. The purpose of the bond is to protect the Department of Taxation from loss related to outstanding taxes, penalties and interest.
To calculate the penal sum of the bond, multiply your monthly sales and use tax by three. If the amount is less than $1,000, no bond is required. The bond’s obligee is the State of Nevada.
The bond remains in full force until it is canceled. The surety company may cancel the bond by providing a 30-day written notice to the Nevada Department of Taxation.
To comply with state law, the bond must be maintained to hold a valid sales tax permit. We assist our customers with the maintenance of their surety bonds. Specifically, we will contact you prior to the bond premium’s due date each year with payment instructions.
How to Get Your Sales Tax Permit in Nevada
In Nevada, the Department of Taxation is responsible for authorizing sales tax permits. To sell tangible personal property at retail, a business must have a sales tax permit. This applies to businesses located in Nevada as well as out-of-state businesses. To apply for a sales tax permit, you need:
- Employer identification number from the IRS
- Active Nevada business license
- Surety bond
- Nevada Business Registration form, or online application
If you have questions about sales tax permits in Nevada, please contact:
Nevada Department of Taxation
4699 Kietzke Lane #L235
Reno, NV 89502
Phone: (775) 688-1295
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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!