The Alaska Tax Liability Surety Bond is required by the City of Anchorage, Department of Finance. The bond ensures that your company shall pay all taxes, penalties, interest, and costs due and to become due, owing to the Municipality of Anchorage. The bond is not insurance, if the surety has a claim on the bond, it will look to the applicant to make it whole.
What is the purpose of the Tax Liability Surety Bond?
Under the provisions of the Anchorage Municipal Code 9AMC) Chapter 12.50 on Retail Sales Tax on Marijuana and Marijuana Products, a surety bond is needed in order to guarantee the performance of fiduciary responsibilities. This Tax Liability Surety Bond is a requirement when you are applying for a Certificate of Registration, which is a license issued by the Department of Finance authorizing a retailer to assess, collect, and remit to the department the retail marijuana sales tax.
The amount of the guarantee needed varies, and it usually the chief fiscal officer who sets it based on the average annual sales tax collected by the retailer, the comparable retailer(s), industry averages, or $10,000, whichever is higher among those mentioned.
Where can I get an Alaska Tax Liability Surety Bond ?
Surety1 can provide you with the Alaska Tax Liability Surety Bond. The process is simple. All you need is to complete this easy to navigate application form, and within one business day, you will get a call from one of our surety experts with a quote for your bond. Then you make payment, sign some paperwork and your bond will be delivered. Overnight delivery is availible.
You can trust our company as we have been in the business of issuing surety bonds in Alaska since 2003, and we are also rated A+ by the Better Business Bureau for our quality service.