What is an Oregon Highway Use Tax Bond & How Do I Get One?
The Oregon Department of Transportation requires a Highway Use Tax Bond for all commercial vehicle operators with a gross weight over 26,000 pounds. Oregon bases its highway-use tax on the number of actual miles traveled in the state of Oregon. The weight of the vehicle is also taken into account. Oregon uses these funds to pay for highway maintenance, repairs, and related highway construction projects.
When you get your Oregon Highway Use Tax Bond, you are promising the state of Oregon that you will pay the appropriate amount of taxes owed. If you don’t, then Oregon can file a claim against the company who issued your bond. If your bond company determines the claim to be valid, they will pay the entire amount of the claim on your behalf, and you will then be responsible for paying back the surety company.
How Much Does an Oregon Highway Use Tax Bond Cost?
New operators with a single vehicle in the state of Oregon are required to carry a $2,000 OR Highway Use Tax Bond. This bond can be purchased for as low as $100, and printed the same day from A1 Surety Bonds.
For new operators with more than 1 vehicle, the additional bond required is as follows:
- Additional $375 each for vehicles 2-5
- Additional $250 each for vehicles 6-10
- Additional $125 each for vehicles 10+
The maximum Highway Use Tax Bond amount required for new operators in Oregon is $10,000.
The bond amount required for established operations in the state of Oregon is determined by a review of department records, or as determined by the table below. Whichever is greater.
Bond amount for established operators in the state of Oregon:
- One Vehicle -$2,000 Oregon Highway Use Tax Bond
- Additional $750 each for vehicles 2-5
- Additional $500 each for vehicles 6-10
- Additional $250each for vehicles 10+
The maximum Highway Use Tax Bond amount required for established operators in Oregon is $20,000. This bond can be purchased for as low as $100, and printed the same day from A1 Surety Bonds.
Oregon Highway Use Tax Bonds for Private Carriers
Some private carriers in Oregon (those operating under ORS 825.020 or ORS 825.024) are also responsible for a Highway Use Tax Bond. This includes vehicles under 55,000 pounds that use fuel other than gasoline or that use gasoline that has not been taxed in the state of Oregon.
- One Vehicle – $750 OR Highway Use Tax Bond required
- $225 for each additional vehicle
The maximum Highway Use Tax Bond amount required for private carriers in Oregon is $15,000.
How do I get my Oregon Highway Use Tax Bond?
Save yourself time, money, and headache and be sure to choose a reputable surety bond agency. A1SuretyBonds.com is a trusted nationwide broker delivering the best surety bond rates available. A bond for a single vehicle (excluding private carriers) is available for $100 and can be printed the same day from A1SuretyBonds.com.