How much does a taxpayer bond for contractors cost in Arizona?
Arizona taxpayer bond costs start at $175 for the state-required 2-year term. Your exact cost will vary depending on the bond amount required for your contractor license classification.
- The $2,000 bond for residential building general contractors costs $175 for 2 years.
- The $7,000 bond for single family housing, water, sewer, pipeline, communication and power-line construction general contractors costs $245 for 2 years.
- The $17,000 bond for nonresidential building, industrial building and warehouse, and highway/street construction general contractors costs $595 for 2 years.
- The $22,000 bond amount requires a quick application review to determine pricing and starts at $480 for 2 years.
How do you get an Arizona taxpayer bond for contractors?
You can buy your Arizona contractor taxpayer bond online 24/7. Simply select your bond amount and provide the following information required for Department of Revenue filing approval.
- contractor/construction company name
- business location address
- contractor license classification
- tax bond type (individual or blanket)
- transaction privilege tax license number, if available
Once your payment has been processed, your official Arizona taxes contractor bond will be sent to your email instantly.
How fast can I get a contractor taxpayer bond?
SuretyBonds.com offers instant Arizona taxpayer bond delivery 24/7. Purchase now to receive your official Arizona surety bond delivered in minutes by email.
*Note: If your bond amount is $22,000, your purchase order will be reviewed by a team member before your documents are emailed.
What is an Arizona contractor taxpayer bond?
Arizona Revised Statutes 42-1102 authorizes the Arizona Department of Revenue to require individuals file a taxpayer bond to guarantee the payment of owed taxes, penalties, and interest. State form ADOR 74-4023 is officially titled the "Taxpayer Bond for Contractor Under ARS Section 42-5006," but it's also known as the “Arizona taxpayer bond” or "contractor taxpayer bond." The department will specifically advise the taxpayer the exact bond amount required.
Why do you need the Arizona taxpayer bond for contractors?
This bond is required at the discretion of the Arizona Department of Revenue, who will specifically advise if you need to file this contractor tax bond. You might need this bond if you're a newly licensed contractor in the state or if you've previously failed to pay your owed Arizona taxes in full or on time.
By filing this Arizona taxpayer bond, you agree to pay transaction privilege taxes and associated fees in full and on time. If you fail to do so, your issuing surety company will pay valid claims up to your full bond amount, which you would be required to reimburse.
Who needs an Arizona taxpayer bond for contractors?
These bonds are not required for all contractors licensed to work in the state. The Arizona Department of Revenue requires new and existing contractors with transaction privilege tax licenses to file a surety bond at their discretion. If you're unsure if you need an Arizona surety bond as a contractor taxpayer, contact the DOR by calling 1(602)255-3381.
Who regulates Arizona contractors?
The Arizona Registrar of Contractors regulates statewide licensing for contractors, including a separate Arizona contractor license bond required for statewide residential and commercial contractor licensing. The Arizona Department of Revenue enforces the state's taxpayer bond requirements.
How do I determine my contractor taxpayer bond amount?
If you need help determining your taxpayer bond amount, contact the Arizona Department of Revenue by calling 1(602)255-3381 before purchasing your bond. The DOR will always determine the exact taxpayer bond bond amount required for Arizona contractors.
How do I update or change my taxpayer bond bond form?
If the Arizona Department of Revenue requires your bond form to be updated for any reason, contact your surety provider. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change.
The most common changes for these bonds include:
- contractor/construction company name
- business location address
- contractor license classification
- tax bond type (individual or blanket)
- transaction privilege tax license number
Does my contractor taxpayer bond need to be renewed?
Your Arizona taxpayer bond for contractors might or might not need to be renewed at the end of its original 2-year term. If you're a taxpayer in good standing for the 2-year duration of your bond, you can request your bond requirement be waived by the Arizona Department of Revenue.
Need a surety bond for a construction project in Arizona?
This Arizona contractor taxpayer bond is required to ensure tax payments. If you need a surety bond before you can begin work on an individual contracted project, you might need a bid bond, payment bond, performance bond, or other type of contract bond. If you work in states other than Arizona, we also offer contractor license bonds nationwide.
