Form Au-72 - Cash Bond - Department Of Revenue Services Of State Of Connecticut (Page 2 of 2) in pdf

General Instructions

Completion of the contract means the time when the nonresident

contractor makes the final periodic billing for the contract. The final

A nonresident contractor must execute Form AU-72, Cash Bond, to

periodic billing may be due before payment of any retainage

post a cash bond with the Department of Revenue Services (DRS)

becomes due. If a change order is made after the final periodic

for a specific project in Connecticut.

billing for the original contract, the change order is complete when

the nonresident contractor bills for the change order.

A nonresident contractor has the option of filing a cash bond or a

guarantee bond instead of the customer making a deposit with

Residential real property means real property used exclusively

DRS under Conn. Gen. Stat. §12-430(7)(B). Under this option, the

for residential purposes and consisting of three or fewer dwelling

nonresident contractor has 120 days from the commencement of

units in one of which the owner or tenant resides.

the contract or 30 days after the completion of the contract,

whichever is earlier, to file a cash bond or guarantee bond (Form

Specific Instructions

AU-766) with DRS.

Part I: Enter the name and complete address of the nonresident

Return Form AU-72 to: Department of Revenue Services

contractor furnishing the bond. Include the nonresident

Discovery Unit

contractor’s Connecticut tax registration number. The

25 Sigourney Street

name and address of the nonresident contractor

Hartford CT 06106-5032

appearing on the bond must agree with the name and

address on Form REG-1, Business Taxes Registration

See Special Notice 2005(12), Nonresident Contractor Bonds and

Application, filed with DRS. (If the information originally

Deposits, for more information.

provided on Form REG-1 is now incorrect, you must notify

the DRS Registration Unit in writing of the correct

Nonresident contractor means a contractor who does not

information.) If the nonresident contractor is a corporation,

maintain a regular place of business in Connecticut.

the corporate name appearing on the bond must be the

Regular place of business means:

same shown in the records of the Office of the Secretary of

• Any bona fide office, factory, warehouse, or other space in

State, or similar agency of another state if the nonresident

contractor is not a Connecticut corporation.

Connecticut at which a contractor is doing business in its own

name in a regular and systematic manner; and

Part II: Enter the name and complete address of the person doing

• Which place is continuously maintained, occupied, and used

business with the nonresident contractor.

If the

by the contractor in carrying on its business through its

nonresident contractor is the general contractor, enter the

employees regularly in attendance to carry on the contractor’s

name and address of the owner or tenant of the property

business in the contractor’s own name.

who has entered the contract. If the nonresident contractor

is a subcontractor, enter the name and address of the

A regular place of business does not include:

general contractor.

• A place of business for a statutory agent for service of process

or a temporary office whether or not it is located at the site of

Enter the Connecticut tax registration number of the person

doing business with the nonresident contractor. If the

construction;

• Locations used by the contractor only for the duration of the

person doing business with the nonresident contractor

does not have a Connecticut tax registration number, enter

contract, such as short-term leased offices, warehouses,

that person’s Federal Employer Identification Number or

storage facilities, or facilities that do not have full time staff with

Social Security Number.

regular business hours; or

• An office maintained, occupied, and used by a person affiliated

Part III: Check the box if the bond is for a change order occurring

with a contractor.

after the bond for the initial contract was furnished to DRS.

Contract price means the total contract price, including deposits,

Enter the name of the project and the complete address

amounts held as retainage, costs for any change orders, or

including the street address and the city or town where

charges for add-ons.

the project is physically located.

Person doing business with a nonresident contractor means

Enter the commencement date of this project or change

any person who makes payments of the contract price to a

order.

nonresident contractor, and includes, but is not limited to property

Enter the date by which the nonresident contractor is

owners, governmental, charitable or religious entities, and resident

expected to complete work on this project or change order.

or nonresident general contractors or subcontractors. An owner

or tenant of residential real property is not a person doing business

Enter, in words and figures, the total amount to be paid to

with a nonresident contractor and is not required to comply with

the nonresident contractor under the contract. Indicate if

the provisions of Conn. Gen. Stat. §12-430(7). However, the

this amount is an estimate.

nonresident contractor doing business with such an owner or

tenant must comply with the bond requirements under Conn. Gen.

Declaration: An authorized representative for the nonresident

Stat. §12-430(7)(F).

contractor must sign and date the declaration on Form AU-72.

Commencement of the contract means the time when the

nonresident contractor signs the contract, but, in any event, occurs

no later than when the work under the contract actually starts. If a

change order is made after the commencement of the original

contract, the change order commences when it is signed by the

nonresident contractor, but, in any event, occurs no later than when

the work under the change order actually starts.

Form AU-72(Back) (Rev. 10/05)

Form Au-72 - Cash Bond - Department Of Revenue Services Of State Of Connecticut Page 2

Related Articles

Related forms

Related Categories