The Oregon Highway Use Tax Bond is required by the State of Oregon Department of Transportation. Executed under ORS Chapter 825, the bond assures payment of fees, taxes, interest and penalties imposed upon a carrier. The bond states that the bondholder shall unconditional promise to pay the sums due now and those to become due.
Who needs to get an Oregon Highway Use Tax Bond?
Commercial carriers, operating vehicles on public roads, and weighing over 26,000 pounds must report and pay highway use taxes. The Department of Transportation requires carriers to file a bond as a guarantee of payment.
What is the bond amount?
After your account is set up with the Department of Transportation, a letter will be sent stating the required bond amount. A company licensed in the State of Oregon must be used to issue the bond.
Surety1 will find you the lowest rate possible. We have partnered with several A rated markets to make this happen.
How do I get an Oregon Highway Use Tax Bond?
First, start the process by completing our easy to navigate, free online application form. Then, after your application has been submitted, one of our surety agents will contact you with a no-obligation quote on the bond premium. After that, once you are ready to move forward, you just need to pay the premium and sign the agreement. Lastly, your Oregon Highway Use Tax Bond will be mailed to you by USPS Priority Mail. Overnight delivery is also available for an additional fee.
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