City of Norfolk Meal Tax Bond Guide
If you’re applying for a business license to sell prepared food in Norfolk, Virginia, you’ll need this surety bond.
Bond Overview
- Purpose: To guarantee proper reporting of meal taxes
- Who Needs It: Any business serving prepared meals, such as restaurants and caterers
- Regulating Body: The Norfolk Commissioner of the Revenue
- Required Coverage: $100–$25,000
- Premium Rate: $100–$300, based on coverage
Learn all about the bond requirements and process in this guide.
What Is a City of Norfolk, Virginia Meal Tax Bond?
A City of Norfolk meal tax bond ensures that meal service businesses correctly report and pay all meal taxes collected from customers.
The Commissioner of the Revenue determines your bond amount by estimating your sales for three months, multiplied by the 6.5% meal tax rate.
Your bond form depends on your business’s legal structure. Be sure to select the appropriate bond in the application below.
How Much Do Meal Tax Bonds Cost?
City of Norfolk meal tax bonds cost a flat rate of $10–$12 per $1,000 of coverage, with a $100 minimum. Exact pricing varies based on your business structure and coverage amount.
You can also save 25% by selecting a multi-year term. Click below to buy your bond in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Meal Tax Bond?
The Norfolk Commissioner of the Revenue requires this bond for restaurants, caterers and other businesses that serve prepared food and collect the city’s meal tax.
Alternatively, you can file cash, a check or a letter of credit. However, a surety bond is typically the most affordable option.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your City of Norfolk meal tax bond instantly online. Just enter your information and checkout in minutes.
We’ll mail you the bond via your preferred shipping method. For corporations, we’ll email you the bond shortly after purchase. Be sure to file it with the Norfolk Commissioner of the Revenue as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a City of Norfolk Meal Tax Bond Work?
A meal tax bond creates a legal contract between these three parties:
- Principal: You, the food business owner(s) filing the bond
- Obligee: The Norfolk Commissioner of the Revenue requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Norfolk Code of Ordinances Chapter 24, Article VII.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your meal tax bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
