Arizona Taxpayer Bond For Contractors
AmeriPro Surety Bonds | 844-589-9732
Surety Bond Requirement, Purpose, And Amount
Contractors who are licensed in Arizona, and who are either based outside of the state, or have conducted business in Arizona for less than 1 year, are required to furnish evidence of financial responsibility in the form of a surety bond.
The purpose of the surety bond requirement is to serve as a financial guarantee that all taxes owed to the state of Arizona, including any Arizona state entities, are paid in a timely manner.
The surety bond amount is a minimum $2,000 surety requirement; however, the amount according to Arizona Revised Statutes § 42-5006 may be increased in increments of $5000.
The surety bond amount, ultimately, will be determined by what you may expect to reasonably incur in taxes within 150 days.
Qualifying and the Premium
Qualifying for the Arizona taxpayer bond for contractors includes completing an application and undergoing an underwriter review, which includes a credit check inquiry.
Our agency can begin the application with you over the phone, but you’ll need to sign the application before it’s reviewed.
To be approved, good credit is required; the approval rate is 2% of the surety bond amount.
Upon approval of your contractor taxpayer surety bond and payment of the premium, our agency issues your bond to you immediately.
A surety bond and a Power of Attorney will be mailed to you. Upon receipt, you’ll sign your bond as Principal, filing it to:
State of Arizona
Department of Revenue
1600 W. Monroe
Phoenix, AZ 85007
Surety Bond Duration
The taxpayer bond for contractors is issued for a standard one year term.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in Arizona and all 50 states.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you…