Iowa - Out-of-State Contractor Tax
Flat Rate & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $25,000 | 1 Year | $250 |
Contractors whose principal place of business is outside Iowa generally must file a $25,000 surety bond to register to perform construction work in the state. The bond guarantees payment of certain taxes, unemployment insurance contributions, penalties, interest and related fees that may become due to the State of Iowa as a result of the contractor's work.
Cost of an Iowa Out-of-State Contractor Tax Bond
The cost of the $25,000 Iowa out-of-state contractor tax bond is $250 per one-year bond term with NNA Surety. Get your bond online today.
How the Iowa Out-of-State Contractor Tax Bond Works
The Iowa out-of-state contractor tax bond is a financial guarantee tied to the contractor's Iowa registration. If covered taxes, unemployment insurance contributions, penalties, interest or related fees become due as a result of the contractor's work in Iowa, the bond provides financial protection to the State of Iowa, subject to the bond's terms and limits.
The bond involves three parties:
- Principal: Out-of-state contractor
- Obligee: State of Iowa, Department of Inspections, Appeals, and Licensing
- Surety: Bonding company
A claim may be filed against the bond if the contractor fails to pay covered taxes, unemployment insurance contributions, penalties, interest or related fees owed to the State of Iowa. If a valid claim is made, the surety may pay the covered amount up to the $25,000 bond amount. The contractor remains responsible for reimbursing the surety for covered losses it pays. Only the State of Iowa and its agencies may collect on the bond.
How to Get the Iowa Out-of-State Contractor Tax Bond
Follow these steps to get bonded with NNA Surety:
- Complete the online bond application.
- Pay the $250 bond premium.
- Receive your bond form by email.
- Download and submit the bond to the Iowa Department of Inspections, Appeals, and Licensing as required.
Get Your Iowa Out-of-State Contractor Tax Bond
Keep your Iowa contractor registration on track with a $25,000 out-of-state contractor tax bond. Apply online with NNA Surety today to secure your one-year bond for $250.