The Illinois Mileage Tax Bond, also known as the Surety bond for second division motor vehicles registered in the State of Illinois, is required by the State of Illinois, Secretary of State.
What are Second Division Vehicles?
According to the Illinois Rules of the Road booklet, a second division vehicle is a vehicle that is:
- designed to carry more than 10 persons
- designed or used for living quarters
- designed for pulling or carrying a freight or cargo
- a first division vehicle remodeled for use as a second division vehicle
- a first division vehicle used and registered as a school bus
What is the purpose of an Illinois Mileage Tax Bond?
This surety bond is needed for Mileage Weight Tax Registration. This is an alternative type of registration at a reduced fee for second division vehicles which are specifically designed for low or limited mileage. Take note that the filing must be done by July 10 every year. All applicants must make sure that their vehicles are equipped with working odometers or trailers with hubometers.
For first time applicants, they will need to report the beginning mileage for any vehicle registered with Mileage Weight Tax. Through Mileage Tax Registration, the fees you will pay will depend on the weight of the vehicle and the number of miles operated. You can refer to this table for the fee.
Where can I get an Illinois Mileage Tax Bond?
To obtain a Surety Bond, all you need to do is take a few minutes to fill out our free online application. Next, one of our licensed agents will contact you with a no-obligation quote for the price to obtain your bond. After any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail. You can also choose to receive it via overnight delivery.
The surety bonding experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.