*0-0-705-099* *0-0-705-099* STATE OF WYOMING DEPARTMENT OF REVENUE NON-RESIDENT CONTRACTOR SALES AND USE TAX BOND COVERING A SINGLE CONTRACT BOND NO.___________ KNOW ALL MEN BY THESE PRESENTS, that we the undersigned, ______ _______________________________________(name and form of business organization of the principal), as Principal, and _______________________________________(name of surety), a corporation organized to do business in the State of Wyoming, as Surety, are held and firmly bound unto the State of Wyoming in the sum of ___________________ Dollars ($___________), lawful money of the United States of America, for the payment of which we bind ourselves, our legal representatives, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the above named Principal is a nonresident general or prime contractor as defined by Wyo. Stat. § 39-16-301; WHEREAS, the above named Principal has entered into a contract with ____________________________, dated ___________________ for ____________________________________________, a copy of which is attached and made a part hereto; WHEREAS, pursuant to Wyo. Stat. § 39-16-306(b), the Principal has elected to deposit with the Department of Revenue a surety bond in the amount determined to be sufficient by the Department of Revenue to secure the payment by the Principal of any sales and use tax, penalty, and interest, which may accrue to the State of Wyoming in the performance of the above referenced contract. Said taxes are imposed by the Selective Sales Tax Act of 1937, as amended, and the Use Tax Act of 1937, as amended; and WHEREAS, by executing this instrument the Surety does hereby bind and obligate itself unto the State of Wyoming to secure the payment by the Principal of any and all sales and sales and/or use taxes, penalty, and interest, which will accrue or which have accrued since the commencement of operations by the Principal in the State of Wyoming. The liability of the surety is on all sales and/or use tax, penalty, and interest accrued, including taxes which predate the execution of this agreement. NOW, THEREFORE, if the Principal timely pays to the State of Wyoming all sales and use taxes which become due and payable under the above referenced contract pursuant to the Selective Sales Tax Act of 1937, as amended, and the Use Tax Act of 1937, as amended; THEN, this obligation shall terminate; otherwise it shall remain in force and effect. The Surety may terminate its liability hereunder at any time by giving written notice to the Department of Revenue and to the Principal; but such termination shall only become effective thirty (30) days after the actual receipt of the written notice by the Department of Revenue, and shall not negate any liability incurred hereunder on or prior to the date of such termination. Any action upon this bond will be governed by Wyoming law. The State will not approve this bond if any changes or alterations have been made to the printed text or entries on any portion of this form. Non-Resident Contractor Sales and Use Tax Bond __________________, Principal, and _________________,Surety Bond No.________________ Page 1 of 2 ETS Form 124 a (Rev 5/1/19) |
PRINCIPAL Signed and executed this ______ day of _______________, 20___. By: ________________________________________ (Signature) Corporate Seal ________________________________________ Printed or Typed TITLE:________________________________________ State of:____________________________ ) ) SS. County of:__________________________ ) There foregoing surtey bond was acknowledged before me by __________________________this _____day of ______________20 ___. W Witness my hand and official seal. ____________________________________ Notary Public My commission expires:___________________ SURETY Signed and executed this _____ day of __________, 20____. BY: _______________________________________ Signature Corporate Seal _______________________________________ Printed or Typed TITLE:_______________________________________ State of__________________________________ ) ) ss. County of________________________________ ) There foregoing performance and payment bond was acknowledged before me by____________________________ this _____ day of ____________ 20 ___. Witness my hand and official seal. ______________________________________ Notary Public My commission expires: ________________________________ Non-Resident Contractor Sales and Use Tax Bond __________________, Principal, and _________________,Surety Bond No.________________ Page 2 of 2 ETS Form 124 a (Rev5//1/19) |
INSTRUCTIONS FOR PREPARING BOND 1. The bond must cover four percent (4%) of the total amount due under the contract, or an amount determined by the Department. 2. If the principal is a corporation, the person signing on behalf of the principal must state his/her legal capacity and he/she should be the president of the corporation. There must be attached to the bond a resolution or certified evidence of authority that the officer has the authority to sign on behalf of the principal. This is the case even if the person signing is the president. Impress the corporate seal where noted. If no corporate seal, so state. 3. If the principal is a partnership, the firm name must appear in the caption of the bond, e.g. John Doe and James Doe, a partnership, doing business as Hub Trucking Company. It must be specified that a partnership is actually involved. As lest two partners must sign the bond. 4. If the principal is jointly owned, but not a partnership, the firm name must appear in the caption of the bond, John Doe and James Doe, doing business as Hum Trucking Company. All owners must sign the bond. 5. If the principal is a sole proprietorship, the name of the owner should appear in the caption of the bond along with a recital thereafter of the firm name (if any), e.g. John Doe, doing business as Hub Trucking. If there is no firm name, the sole proprietorship should be shown as “John Doe”. 6. The surety of the bond must be a surety company licensed to do business in Wyoming. 7. The surety company executing the bond shall attach thereto a duly executed Power of Attorney (or a recently certified copy thereof) showing the authority of the person signing as the agent for the surety company. The Power of Attorney must have been executed no more than six (6) months prior to the effective date of the bond. A copy of the Power of Attorney may be certified by any qualified person, such as a notary public, but the Power of Attorney must be certified by the Secretary of the corporate surety. 8. The surety’s corporate seal must be affixed to: 1) the bond near the surety’s execution and 2) the certification of the attached Power of Attorney near the surety’s execution. 9. Each party should sign his/her name in the identical manner as they appear in the caption of the bond or on the Power of Attorney. Each party may only sign his/her own name. 10. No changes of any type may be made to the bond form. 11. A certified copy of the authority of any person signing on behalf of the principal, and a copy of the Power of Attorney for the Attorney-in-Fact for the Surety must be attached to the bond or filed with the State of Wyoming, Department of Revenue. Non –Resident Contractor Sales and Use Tax Bond ___________________Principal, and ____________________Surety Bond No________________________ Page 1of 1 ETS Form 124 a (Rev5//1/19) |