Wyoming Nonresident Contractor Sales Tax Bond
What it is & who requires it
Nonresident prime contractors performing construction, alteration, improvement or repair of real property in Wyoming, and resident prime contractors who hire a nonresident subcontractor. The security secures payment of the sales taxes that accrue on the contract. A resident prime contractor who hires a nonresident sub does not post this itself, but must register the project and withhold from the sub’s payments until the department certifies the taxes are paid. Failure to register on time carries its own penalty on the contract value.
Obligee: Wyoming Department of Revenue. Citation: W.S. 39-15-306(b) (Licenses; permits; bonding); W.S. 39-15-303(b)(iii)–(iv) (Imposition — taxpayer); W.S. 39-15-302 (Selective Sales Tax Act of 1937).
Bond amount
Set by the obligee — the exact amount is confirmed automatically when you start your bond in our portal, or call 317-942-0549.
How to get it
This bond is individually underwritten, so it is not issued instantly. Request a quote and a licensed producer follows up to walk you through it.
Request a bond quote
Tell us about the bond and the project. A licensed producer follows up — these bonds are individually underwritten, so they are not issued instantly.
Term & renewal
Term: Held for the contract or the real property development it secures; a blanket election runs across all of your Wyoming contracts until you are no longer required to file security.
Renewal: Filed per project. A nonresident prime contractor must register each project with the department within fifteen days of the start of work, and the security must be in place.
Filing
Filed with the Wyoming Department of Revenue, and the project registered within fifteen days of starting work. Three features of the statute keep a figure off this page. The requirement itself reads “a surety bond or legal security”, so a bond is one accepted form rather than the only one. A separate subsection lets you provide a cash deposit instead, at a higher rate, refunded once a properly executed bond is filed or the project is satisfactorily completed. And the amount is a percentage of the payments due under the contract, or whatever the department determines, rather than a published sum. A contractor working continuously in Wyoming may instead elect a single blanket security covering all of its Wyoming contracts, which is the same instrument written larger. Until a bond is on file the state may enjoin the work. Authority: W.S. 39-15-306(b).
Source
This bond requirement is corroborated by multiple public sources; Wyoming Department of Revenue sets the exact amount, which we confirm when you start your bond.
Related Wyoming bonds
Frequently asked questions
- Who requires the Wyoming Nonresident Contractor Sales Tax Bond?
- It’s required by Wyoming Department of Revenue (W.S. 39-15-306(b) (Licenses; permits; bonding); W.S. 39-15-303(b)(iii)–(iv) (Imposition — taxpayer); W.S. 39-15-302 (Selective Sales Tax Act of 1937)). Nonresident prime contractors performing construction, alteration, improvement or repair of real property in Wyoming, and resident prime contractors who hire a nonresident subcontractor. The security secures payment of the sales taxes that accrue on the contract. A resident prime contractor who hires a nonresident sub does not post this itself, but must register the project and withhold from the sub’s payments until the department certifies the taxes are paid. Failure to register on time carries its own penalty on the contract value.
- How much is the Wyoming Nonresident Contractor Sales Tax Bond?
- Set by the obligee — the exact amount is confirmed automatically when you start your bond in our portal, or call 317-942-0549.
- How do I get the Wyoming Nonresident Contractor Sales Tax Bond?
- This bond is individually underwritten, so it is not issued instantly. Request a quote and a licensed producer follows up to walk you through it.
- What is the term?
- Held for the contract or the real property development it secures; a blanket election runs across all of your Wyoming contracts until you are no longer required to file security. Renewal: Filed per project. A nonresident prime contractor must register each project with the department within fifteen days of the start of work, and the security must be in place.
- Is this bond insurance for me?
- No. It protects the obligee and the public — not you. If a valid claim is paid, you repay the surety.
- How is this requirement verified?
- This bond requirement is corroborated by multiple public sources. The obligee sets the exact amount, which we confirm automatically when you start your bond in the portal or with a producer.
