Wyoming Non-Resident Contractor Surety Bond

The State of Washington's Department of Revenue regulates contractor registration and sales/use tax collection as a result of the Selective Sales Tax Act of 1937 and the Use Tax Act of 1937.

A non-resident contractor is a contractor that has not been a legal resident of Wyoming for at least one year prior to bidding on a project. Non-resident contractors must have a surety bond in place as a guarantee that they will report and pay to the state all sales and use taxes, plus any penalties and interest owed.

Licensing and Surety Bond Requirements

In order to obtain a license in Wyoming, non-resident general contractors must:

• Register their project with the Wyoming Department of Revenue within ten days of receiving the project award notification.
• Submit a payment/performance surety bond within 10 days of project award notification, naming the Department of Revenue as the obligee.
  
  • The bond amount for General Contractors is 4% of the total contract amount, and covers the time period from the beginning of project start date to the project completion date.
  • For multiple projects, a $1 million surety bond is required.
• Retain 4% of payments to a non-resident subcontractor.

What Will This Bond Cost?

The premium you pay for a Wyoming Non-Resident Contractor Sales and Use Tax Surety Bond depends on the bond amount, your business and personal financials, and experience in the industry. Contact our Surety Bond Specialists for a free quote based on your specific situation.

Did You Know?

Contractors must pay sales/use tax for materials, taxable services or transactions for construction, alteration, improvement or repair services on real property.

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