Pennsylvania Liquid Fuels and Fuels Tax Bond

A Pennsylvania Liquid Fuels and Fuels Tax Bond is a type of surety bond required for any business that sells or delivers liquid fuels or fuels in the state of Pennsylvania. This includes businesses that sell gasoline, diesel fuel, and other types of fuel. The surety bond is a requirement of the Pennsylvania Department of Revenue to protect the state from financial losses in the event that a business fails to pay its taxes. The amount of the bond is typically based on the business’s average monthly tax liability. For example, a business that has an average monthly tax liability of $10,000 would be required to obtain a bond of $15,000.

How to Get a Pennsylvania Liquid Fuels and Fuels Tax Bond

Once these steps have been completed, the Pennsylvania Liquid Fuels and Fuels Tax Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
2- Subject to underwriter approval, based on aggregate surety bond exposure, additional underwriting information may be required}

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

The cost of the bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150 to$250. Surety1 will shop its many markets to procure the right price at the right terms.

Requirements to Sell Liquid Fuels in Pennsylvania

Here are the steps on how to register as a business that sells or delivers liquid fuels or fuels in the state of Pennsylvania:

1. Register with the Pennsylvania Department of Revenue:

   • Create an account on the Pennsylvania Department of Revenue’s myPATH portal.
   • Complete the online application for a Liquid Fuels and Fuels Permit (REV-1338).
   • Pay the required application fee.

2. Obtain a Pennsylvania Liquid Fuels and Fuels Tax Bond:

   • Contact a Surety1.com to apply for a bond.
   • Sign Indemnity agreement form Surety1.com
   • Pay the required bond premium.

3. Obtain a Pennsylvania Motor Fuel Transporters Permit (MFT-101):

   • Complete the online application for a Motor Fuel Transporters Permit (MFT-101).
   • Pay the required application fee.

4. File monthly tax returns:

   • File a monthly Liquid Fuels and Fuels Tax Report (REV-1096A) with the Pennsylvania Department of Revenue.
   • Pay any taxes due.

5. Maintain records:

   • Keep records of all fuel sales and deliveries.
   • Keep records of all tax payments.

6. Comply with all other applicable laws and regulations:

   • Obtain all required licenses and permits.
   • Comply with all environmental regulations.
   • Train your employees on all applicable laws and regulations.

Here are some additional tips for registering as a business that sells or delivers liquid fuels or fuels in the state of Pennsylvania:

• Start the registration process early: The registration process can take several weeks, so it is important to start early to avoid any delays.
• Gather all required documentation: Be sure to gather all required documentation before you begin the registration process. This will help to ensure that your application is processed smoothly.
• Follow all instructions carefully: Be sure to follow all instructions carefully to avoid any mistakes.
• Contact the Pennsylvania Department of Revenue if you have any questions: The Pennsylvania Department of Revenue is available to answer any questions you have about the registration process.

By following these steps, you can ensure that your business is compliant with all applicable laws and regulations and that you are able to sell or deliver liquid fuels or fuels in the state of Pennsylvania.

About Surety1.com
Contact Surety1