The Kentucky Motor Fuels License Bond is required by the Commonwealth of Kentucky, Department of Revenue. The bond assures the state that the holder of a Motor Fuels License will be obligated to the Commonwealth of Kentucky for the collection and payment of the tax, penalties, and interest, as provided by Kentucky Revised Statutes, which sections impose certain duties, obligations, and liabilities.
Bond amounts are determined by which license the business is engaged in.
- Gasoline Dealer’s License Bond: Minimum $5,000 or an estimated 3 months’ gasoline excise tax liability.
- Special Fuels Dealer’s License Bond: Minimum $5,000 or an estimated 3 months’ special fuels tax liability.
- Liquefied Petroleum Gas Dealer’s License Bond: Minimum $500 or an estimated 4 months’ liquefied petroleum gas tax liability, not to exceed $50,000.
- Motor Fuels Transporter’s License Bond: $5,000
Surety1 can write all your bonds for the lowest possible cost.
What are the requirements that must be submitted to get a Motor Fuels License?
Why should I choose Surety1?
If you choose Surety1 for all your surety bond needs, you are assured of two things. One, you will get the lowest rates available in the market. And two, you can get your surety bond approved in the fastest time compared to other companies.
Once you submit our online application form, one of our licensed agents will contact you as soon as possible to give you a quote for the bond premium. Just pay that, and sign the necessary paperwork, then we will send you the bond right away.
Surety1 was established in 2003 with headquarters located in California. We are licensed in all 50 states and maintain an A+ rating from the Better Business Bureau for our excellent service. You can never go wrong with Surety1 so contact us today.