Arizona Taxpayer Bond for Contractor
Competitive Rates
| Bond Amount Required | Bond Term | Annual Premium |
| Varies | 1 Year | Varies |
Contractors doing business in Arizona may be required to provide a taxpayer bond based on their type of contracting work, business history, and tax requirements. The Arizona Department of Revenue requires the Arizona taxpayer bond for contractor to guarantee payment of applicable state taxes, including Transaction Privilege Tax (TPT) obligations.
Cost of an Arizona Taxpayer Bond for Contractor
The cost of the Arizona taxpayer bond for contractor varies per bond term with NNA Surety. Get your bond from NNA Surety and use it today.
Why You Need an Arizona Taxpayer Bond for Contractor
The Arizona taxpayer bond for contractor provides financial assurance that a contractor will pay required state taxes. The bond may apply to new contractors, out-of-state contractors, and contractors working on certain public projects.
The required bond amount varies by the contractor's classification and type of work:
|
Contractor Type |
Bond Amount |
|
Multifamily residential builders, painters, plumbers, and electricians |
$2,000 |
|
Single-family home builders and utility or communication contractors |
$7,000 |
|
Commercial or industrial builders and road construction contractors |
$17,000 |
|
Major bridge and tunnel construction contractors |
$22,000 |
|
Heavy Construction Not Elsewhere Classified |
$102,000 |
The Arizona surety bond involves three parties:
- Principal: Contractor
- Obligee: Arizona Department of Revenue
- Surety: Bonding company
If the contractor fails to pay covered state tax obligations, the Arizona Department of Revenue may make a claim against the bond. If the surety pays a valid claim, the contractor is responsible for reimbursing the surety for the amount paid.
In most cases, contractors are required to maintain the taxpayer bond for two years. Contractors who remain compliant with their tax obligations during that period may be eligible to have the bonding requirement released.
How to Get an Arizona Taxpayer Bond for Contractor
Follow this simple bonding process:
- Complete this bond application with your business, tax, and personal information.
- Receive your required bond amount and premium based on your contractor classification and applicable requirements.
- Pay the applicable premium and submit the bond to the Arizona Department of Revenue.
NNA Surety makes it quick and easy to obtain the taxpayer bond required for your Arizona contracting business.
Apply for Your Arizona Taxpayer Bond for Contractor Today
Secure your Arizona taxpayer bond for contractor and meet the applicable state tax bonding requirements for your business. Apply Now to get started. For more information, call 855-457-2196 to speak to our team of Arizona surety bond experts.