SDB
Non-Minnesota Contractor’s Bond
This bond is required by Minnesota law to ensure that state taxes arising from the contract are paid and to
waive Minnesota withholding requirements (M.S. 290.9705).
Name of contractor
Bond number
Address
City
State
ZIP code
Enter all information requested.
as principal, and
,
(name of surety)
(name of contractor)
a corporation under the laws of
and authorized to transact business in Minnesota as surety,
(name of state)
are held and firmly bound to the Minnesota Department of Revenue on behalf of the State of Minnesota for payment in the sum of
$
, to which they bind themselves, their heirs, executors, administrators, successors and assigns, jointly and
(8 percent of contract)
severally.
The principal has entered into a contract with
to perform construction
(name of business)
work in Minnesota for
(describe project)
This bond remains in effect until such time as the principal pays all state income, franchise, withholding and sales and use taxes aris-
ing from the contract.
Contractor sign below
Contractor’s signature
Title
Date
Surety company sign below
Surety signature
Title
Date
Attach and mail Form SDB with Form SDE, Exemption from Surety Deposits for Non-Minnesota Contractors.
Phone: 651-282-9999 or 1-800-657-3594. Email: withholding.tax@state.mn.us
Information and Assistance
Additional forms and information, including fact sheets and frequently asked questions, are available on our website.
Website:
Email:
withholding.tax@state.mn.us
Phone: 651-282-9999 or 1-800-657-3594
This information is available in alternate formats.
(Rev. 12/17)