The Ohio Department of Taxation oversees three bond requirements to ensure businesses and individuals pay their taxes. Tax bonds may only be required for a short period of time, while others are needed for the duration the person or company is operating in Ohio. Tax surety bonds in Ohio are utilized by the state as a guarantee that tax revenue will be collected for the business conducted.
Jet Insurance Company is the only direct surety company writing these bonds, which allows for best-in-class customer service and lowered rates. Select the Sales Tax Bond you need below, or give us a call at 855-296-2663.
To be licensed with the Department of Taxation, motor vehicle fuel dealers need to obtain a bond in a minimum amount of $5,000.
Vendors who fail to pay taxes or file monthly reports on time for two consecutive months or for three or more months in a 12-month period must file a surety bond to the OH Department of Taxation.
Wholesale cigarette dealers are required to obtain a surety bond if they have not been in good credit standing for five consecutive years before purchasing cigarette tax stamps.