Illinois boxing tax bonds.
$100 flat.
A licensed boxing or full-contact martial arts promoter in Illinois files a $5,000 bond conditioned on paying the tax imposed by the Act and complying with it. Ours is $100 flat, set by our carrier's rate book for this bond. This is one of two bonds promoters usually carry; the other is the $10,000 performance bond.
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How much does an Illinois boxing tax bond cost?
$100 at the $5,000 amount, the same for every applicant.
Three steps. One sitting.
Promoter bonds are simple — here's the entire process:
Apply online
Business details and an effective date.
Pay & e-sign
Fixed-amount license bonds like this are among the thousands that issue right after purchase.
File with your license
Your executed bond and power of attorney arrive by email, ready to file with your IDFPR promoter license application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Illinois licenses boxing and full-contact martial arts promoters through the Department of Financial and Professional Regulation, advised by the State Athletic Board, under the Boxing and Full-contact Martial Arts Act (225 ILCS 105). Promoters typically post two bonds — a $5,000 tax bond and a $10,000 performance bond.
This is the $5,000 tax bond. It is payable to the Department and conditioned on payment of the tax imposed by the Act and compliance with it — Illinois taxes gross receipts of sanctioned contests, and the bond guarantees the promoter remits what is owed.
It is not insurance for you. If the surety pays a claim — for example, unremitted tax — you repay the surety. Promoters who file and pay on time treat the bond as a licensing formality, and we keep the $5,000 filing continuous for your term.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $5,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with your license. Your executed bond and power of attorney arrive by email, ready to file with your IDFPR promoter license application or renewal. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $5,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
Common questions.
Other Illinois bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your promoter license checklist today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.