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Virginia Admissions Tax Bond

How much does an admissions tax bond cost in Virginia?

The Commissioner of Revenue of Virginia Beach, Virginia, requires professionals who charge admission for events and/or establishments to post surety bonds in varying amounts. Applicants should verify their required bond amount with the city prior to bonding.

These bonds are subject to underwriting consideration, so the price you’ll pay depends not only on your required amount of bond coverage but also on a review of your personal credit report. The best way to find out exactly how much you’ll pay for your bond is to request a free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Admissions Tax Bond Varies Starts at 1% 4-8% 10%+ 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.

Call 1 (800) 308-4358 to speak with one of our expert surety specialists. Or, you can submit an online bond request, and one of our experts will contact you right away to walk you through our fast and easy bonding process.

Why do I need this bond?

Virginia admissions tax bonds ensure that principals (admission-charging professionals) comply with 35-181 of the Virginia Beach City Code. Specifically, the bond guarantees that principals will file reports as prescribed by the Commissioner of Revenue and make proper tax payments to the city as required.

The bond protects the city from financial loss if the principal fails to comply with these terms.

Facilities in Virginia Beach required to post this bond include:

  • theaters
  • zoos
  • museums
  • stadiums
  • night clubs
  • carnivals
  • circuses
  • dances
  • lectures or talks
  • readings
  • swimming pools
  • ice skating rinks
  • racing
  • bars or lounges
  • exhibitions
  • amusement rides
  • and more

Let our experts get you the bond you need quickly, easily and accurately.

What’s the fine print?

Admissions tax surety bonds in Virginia remain in full force and effect until canceled or violated. The surety can cancel the bond at any time by sending written notice of cancellation via First Class U.S. Mail to both the City of Virginia Beach and the principal. Termination becomes effective 60 days after the postmark date of the notice.

There is a separate bond form for sole proprietorship/partnership businesses and corporation businesses, so applicants should know their business entity type when they come to SuretyBonds.com for their bonding needs.

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