Nevada Sales Tax Bond Overview
- Purpose: To guarantee payment of all state taxes, interest and penalties
- Who Needs It: Any business required to pay taxes on gross receipts in Nevada, such as alcohol and tobacco dealers
- Regulating Body: The Nevada Department of Taxation
- Bond Amount: $2,000–$150,000, based on excise tax liability
- Premium Price: Typically $20 per $1,000 of coverage with a $100 minimum
What Is a Nevada Title 32 Sales Tax Bond?
Nevada Revised Statute Title 32 requires certain individuals and businesses to file a surety bond to guarantee payment of taxes.
There are three Title 32 performance bond forms:
- Sales Tax Bond (Form BND-SUR-01.01)
- Cigarette Tax Bond (Form EXC-CIG-BND-01.01)
- Liquor Tax Bond (Form BND-SUR-01.01)
All three bonds require individuals to pay taxes, interest, and penalties to the Nevada Department of Taxation promptly when due.
Who Needs a Title 32 Sales Tax Bond?
There are three main business categories that need to file a Nevada Title 32 performance bond:
- Tobacco product retailers, wholesalers and nonparticipating manufacturers
- Licensed alcohol importers, brewers or wine makers
- Any other retailer with a history of delinquent tax payments at the Department of Taxation’s discretion
The DOT will determine the exact bond form and amount you need.
How Much Do Sales Tax Bonds Cost?
Nevada sales tax bonds typically cost 1% to 10% of the total coverage amount based on credit history. For example, a $25,000 bond would start at $250 for retailers with excellent credit.
You’ll pay this premium upfront for a year of bond coverage. Apply now to get your personalized quote.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Nevada Title 32 Tax Bond Work?
By filing this bond, you enter a legally-binding contract with two other parties.
| Bond Party | Description |
|---|---|
| 1) Principal | The retailer filing the bond |
| 2) Obligee | The Nevada Department of Taxation |
| 3) Obligee | The issuing surety provider |
By filing this bond, you agree to pay all taxes and other fines due to the state. If you fail to do so, the surety will pay valid claims up to your full bond amount, which you must reimburse.
The Nevada Department of Taxation requires this bond to guarantee sales tax payments are made to the state. If you sell or distribute alcohol in other states, we also offer alcohol tax bonds nationwide.
How Do I Get My Bond?
You can purchase your Nevada Title 32 bond online 24/7 if your bond amount is $25,000 or less. Just enter your information and checkout. The bond will be delivered by email minutes after.
If your bond amount is more than $25,000, you'll need to apply for a quote. We’ll send your personalized quote in one business day or less. You can complete the purchase online, then get the bond form via email.
How Do I Renew My Bond?
Nevada sales tax bonds are valid for one year. However, they can be extended for additional terms. All you need to do is verify if the amount is still correct and pay your renewal premium when prompted.
