Get An Instant Quote on Wyoming Nonresident Contractor Sales and Use Tax Bonds Now
| Wyoming – Nonresident Contractor Sales and Use Tax (Single) Bond |  |
| Wyoming – Nonresident Contractor Sales and Use Tax (Multiple) Bond | |
Introduction
The Wyoming Nonresident Contractor Sales and Use Tax applies to out-of-state contractors who perform construction, installation, or related services within the state of Wyoming. These contractors are subject to Wyoming’s sales and use tax laws on any taxable materials, supplies, or equipment brought into the state or used in connection with a project.
To protect the state’s tax interests and ensure compliance, the Wyoming Department of Revenue requires nonresident contractors to post a Sales and Use Tax Bond.
Explanation: Wyoming Nonresident Contractor Sales and Use Tax Bond
The Wyoming Nonresident Contractor Sales and Use Tax Bond is a surety bond required by the Wyoming Department of Revenue to ensure that out-of-state (nonresident) contractors working on projects within Wyoming comply with the state’s sales and use tax laws.
Purpose of the Bond
This bond serves to:
-
Guarantee that nonresident contractors pay all applicable sales and use taxes on materials, equipment, and services used during a project in Wyoming.
-
Provide a financial safeguard for the state if the contractor fails to fulfill tax obligations.
-
Ensure compliance with W.S. § 39-15-113 and W.S. § 39-16-113, which authorize the Department of Revenue to require a bond from nonresident contractors to protect state tax interests.
Who Needs This Bond?
Any nonresident contractor (an individual or company based outside Wyoming) who:
-
Performs construction or installation work in Wyoming,
-
Uses taxable materials or equipment, and
-
Is subject to Wyoming sales and use taxes under state law,
must post this bond prior to beginning work in the state.
Bond Amount
-
The amount is determined by the Wyoming Department of Revenue, typically based on:
-
The contract value,
-
The estimated tax liability, or
-
Other factors the department deems relevant.
-
Duration and Conditions
-
The bond is usually required for the duration of the project, or until the Department confirms all taxes have been paid.
-
If the contractor fails to pay due taxes, the state can make a claim against the bond to recover those funds.
Step-by-Step Guide to Obtaining a Nonresident Contractor Sales and Use Tax Bond in Wyoming
Planning to work even if you’re a nonresident contractor in Wyoming, securing a Sales and Use Tax Bond is a key compliance requirement. Below is a clear, step-by-step guide to help you obtain this bond:
Step 1: Register with the Wyoming Department of Revenue
Before you can secure the bond, you must first:
-
Register as a nonresident contractor with the Wyoming Department of Revenue.
-
You may need to fill out and finish a Contractor Registration Form and provide details about your project(s), business entity, and tax obligations.
Step 2: Determine the Required Bond Amount
-
The bond amount is set by the Department of Revenue, typically based on:
-
The value of your contract in Wyoming,
-
The estimated sales and use tax liability.
-
-
Contact the Department directly if you’re unsure about the amount required.
Step 3: Choose a Licensed Surety Bond Provider
-
Select a licensed surety company, such as Swiftbonds, that offers Wyoming tax bonds.
-
Ensure the surety is authorized to conduct business in Wyoming.
Step 4: Submit an Application
-
Fill out the bond application form with:
-
Business details
-
Contractor license/registration info
-
Project scope and location
-
Required bond amount
-
-
The provider may require a credit check or review of your financials.
Step 5: Receive a Quote and Pay the Premium
-
The surety company will issue a bond quote, typically based on:
-
Your credit history
-
Project risk
-
Bond amount
-
-
If accepted, you’ll pay the bond premium (usually 1–10% of the total bond amount).
Step 6: Obtain and Submit the Bond
-
Once paid, the surety will issue the official Wyoming Nonresident Contractor Sales and Use Tax Bond.
-
Submit the bond to the Wyoming Department of Revenue as required.
Step 7: Begin Work in Compliance
-
After submitting your bond and receiving approval from the Department of Revenue, you are authorized to begin work.
-
Ensure ongoing compliance with sales and use tax filings for the duration of your project.
Summary
The Wyoming Nonresident Contractor Sales and Use Tax Bond is a legal compliance tool that helps ensure the state collects the proper taxes from out-of-state contractors. It is a mandatory prerequisite for doing certain types of work in Wyoming if you’re not a resident contractor.
If you need details on how to obtain this bond or get started through a surety provider like Swiftbonds, I can walk you through that process as well.
Frequently Asked Questions (FAQs)
Here are some commonly asked questions to help nonresident contractors understand Wyoming’s Sales and Use Tax Bond requirements:
How long is the bond valid?
The bond typically remains valid for the duration of the project or until the contractor has satisfied all tax obligations to the state.
Can the bond be refunded or canceled?
Once posted, the bond is generally non-refundable, and cancellation may not release the contractor from liability. Contractors should consult the Department of Revenue before requesting cancellation.
Can I get the bond through Swiftbonds?
Yes. Swiftbonds is a licensed surety bond provider that offers a streamlined online process to obtain your Wyoming Nonresident Contractor Sales and Use Tax Bond quickly and affordably.
Is a credit check required?
Most surety companies, including Swiftbonds, perform a soft credit check to assess bond risk and calculate your premium rate.
Is this bond required for each project?
Yes. Generally, a separate bond is required per project, especially if the contract value and tax obligations differ. Each project may require a unique bond submission based on the project’s specific scope and value.
Can the bond cover multiple contracts at once?
In some cases, a blanket bond may be acceptable if a contractor is handling multiple, ongoing contracts within the state. However, approval for such arrangements must come from the Wyoming Department of Revenue.
Who can make a claim against the bond?
Only the Wyoming Department of Revenue can make a claim against this bond. It serves as a guarantee to the state, not to private parties or project owners.
How do I renew the bond if my project extends?
Contact your surety provider (e.g., Swiftbonds) to renew or extend the bond. You may need to provide updated project details and pay an additional premium if applicable.
Can a claim affect my ability to get bonded in the future?
Yes. If a claim is filed and paid by the surety, it may impact:
-
Your bonding capacity
-
Future bond premiums
-
Your creditworthiness as a contractor