California Parking Occupancy Tax Collection Surety Bond - City of Los Angeles

The Los Angeles City Council requires all auto park operators to post a Parking Occupancy Tax Collection Surety Bond to ensure payment of any delinquent parking occupancy taxes and to allow the City to pursue all persons responsible for the collection and remittance of the parking occupancy taxes to the City.  This bond requirement is applicable for every parking facility conducted by the operator, whether in the capacity of an owner, lessee, mortgagee in possession, licensee, valet or other service supplier or any other unmentioned capacity.  

What is the amount required for the POT Collection Bond?

The bond face value or amount requirement is based on the prior calendar year’s parking fee gross receipts for each parking facility or the estimated annual gross receipts for a new parking facility. It has been established in LAMC Chapter II, Article 1.15, Parking Occupancy Tax as follows: 

Annual gross receipts for the parking facility, or the estimated annual gross receipts for a new parking facility

Required Bond Amount

Less than $50,000

$5,000

$50,000.01 - $100,000

$10,000

$100,000.01 - $150,000

$15,000

$150,000.01 - $200,000

$20,000

$200,000.01 - $250,000

$25,000

$250,000.01 - $300,000

$30,000

$300,000.01 - $350,000

$35,000

$350,000.01 - $400,000

$40,000

$400,000.01 - $450,000

$45,000

$450,000.01 - $500,000

$50,000

$500,000.01 - $600,000

$60,000

$600,000.01 - $700,000

$70,000

$700,000.01 - $800,000

$80,000

$800,000.01 - $900,000

$90,000

$900,000.01 - $1,000,000

$100,000

$1,00,000.01 - $1,250,000

$125,000

$1,250,000.01 - $1,500,000

$150,000

$1,500,000.01 - $1,750,000

$175,000

$1,750,000.01 - $2,000,000

$200,000

$2,000,000.01 - $2,250,000

$225,000

$2,250,000.01 - $2,500,000

$250,000

$2,500,000.01 - $3,000,000

$300,000

$3,000,000.01 - $3,500,000

$350,000

$3,500,000.01 - $4,000,000

$400,000

$4,000,000.01 - $4,500,000

$450,000

$4,500,000.01 - $5,000,000

500,000

$5,000,000.01 - $6,000,000

$600,000

Greater than $6,000,000.01

$700,000


Every operating parking facility must be secured with a separate bond in the corresponding amount required.  Additional information can be obtained by visiting Los Angeles Office of Finance's Mandatory Parking Occupancy Tax Collection Bond Requirement FAQ