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Vermont Rental Company Tax Bond

How much does my bond cost?

If your rental company’s yearly tax liability exceeds $5,000, you are required to post a surety bond.

Bond amounts are determined by using the total of the 2 highest months of liability in the preceding year. New rental companies will be required to post a $1,000 surety bond. Bond amounts shall not exceed $400,000.

Bond amounts are given by the Commissioner of Motor Vehicles. Be sure to have your given bond amount prior to speaking with a surety specialist. This information is vital in determining your bond quote.

This specific bond type is subject to underwriting, meaning that premiums are based on the financial credentials of your credit report. Speak with a bond expert by calling 1 (800) 308-4358 or send a bond request.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Rental Company Tax Bond Varies 1-3% 4-8% 10-20% Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Get your free bond quote by filling out a bond request. Or, call 1 (800) 308-4358 and a surety specialist will assist you with your personal bonding needs.

Why do I need this bond?

By posting a bond, the principal (rental company) agrees to pay all monies required under Title 32 Chapter 219 of Vermont Statutes Annotated. This includes taxes, penalties and fines, in addition to rendering all reports.

Have a concern about your bond? Contact a bond expert through a bond request and get all your questions answered.

What’s the fine print?

All bonds expire annually on December 31. Any liability that has accrued under this bond will remain effective after the bond’s expiration.

What are the licensing requirements?

All rental company applicants must send a completed rental company application to the Department of Motor Vehicles. Each application must be accompanied by the following attachments:

  • surety bond
  • a listing that gives the VIN and plate number for each unit in the rental fleet
  • rental tax report

Hurry and apply for your bond today! Click here for a bond request.

Rental Company Tax Rental Company’s Bond To State of Vermont

Vermont Department of Motor Vehicles Application for Rental Company License

Vermont Department of Motor Vehicles Rental Company Tax Report

The Vermont Statutes Online Title 32: Taxation and Finance Chapter 219: Motor Vehicle Purchase and Use Tax

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