Those needing to file a Mileage Tax Bond operating in the State of Illinois are required under section 3-818 of the Illinois Motor Vehicle Act to execute an Illinois Mileage Tax Schedule Bond to ensure compliance with licensure.
Bonds Express offers an Illinois Mileage Tax Schedule Bond with a 99% approval rate.
This bond expires every year on June 30th.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Illinois Mileage Tax Schedule Bond holds you accountable for your business decisions.
By possessing an Illinois Mileage Tax Schedule Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.