Maryland Sales and Use Tax Bond
How much does a Maryland sales and use tax surety bond cost?
The cost to purchase a Sales and Use Tax surety bond is 2% of the surety bond amount ($100 minimum). The bond amount will be determined by the Comptroller of Maryland Treasury Compliance Division and will range from $2,500 to $25,000. By way of example, if your bond requirement is $10,000, the annual premium for the Sales and Use Tax surety bond would be $200.
Example pricing*:
| Bond Amount | Term | Premium |
| $5,000 | 1 Year | $100 |
| $10,000 | 1 Year | $200 |
| $25,000 | 1 Year | $500 |
*For illustration purposes only. Bond amount requirements will vary by business.
- No credit check required
- No financials required
- Bond can be immediately downloaded for use upon purchase
What is a Sales and Use Tax Bond?
A sales and use tax surety bond is a guarantee that businesses will comply with Maryland's tax laws and pay all sales and use taxes, surtaxes, and fees. This bond is required for businesses that provide taxable goods or services and protects the state against potential non-payment by the business. The bond is amount is determined by the state, often based on a multiple of the business's average monthly sales tax liability.
Why do I need a sales and use tax bond?
The Comptroller of Maryland Treasury, Compliance Division (obligee) requires certain businesses that provide taxable goods or services to obtain a surety bond to protect the state against potential non-payment of sales taxes by the business.
Where can I get a sales and use tax bond?
Click the purchase now link on the right side of this page. NNA Surety Bonds is a licensed insurance agency in all 50 states and has been providing surety bonds to customers since 1957.
What else should I know about sales and use tax surety bonds?
The business owner is liable to repay the surety company in the event there is a claim made against the bond. If the business fails to pay its taxes, a claim can be filed against the bond. The surety company will pay the claim amount to the state and then seek reimbursement from the business.