Michigan Motor Fuel-Motor Carrier-Tobacco Products Bond

A Michigan Motor Fuel-Motor Carrier-Tobacco Products Bond, full name is Motor Fuel, Motor Carrier, Tobacco Products License or Motor Fuel Eligible Purchaser Surety Bond is a type of surety bond required by the Michigan Department of Treasury for certain businesses. The bond amount is determined by the Michigan Department of Treasury and typically ranges from $1,000 to $100,000. The cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get a Michigan Motor Fuel-Motor Carrier-Tobacco Products Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. 1
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the surety bond will be shipped to the bond applicant.
1 -The name of the applicant on the Michigan Motor Fuel-Motor Carrier-Tobacco Products Bond application must match exactly the full legal business name of applicant for the license.

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.

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Who Needs this Surety Bond?

This bond is required of businesses that need a license to sell motor fuel, operate as a motor carrier, sell tobacco products, or act as an eligible purchaser of motor fuel.

Here’s a breakdown of who needs a Michigan Motor Fuel – Motor Carrier – Tobacco Products Bond :

• Licensees of Motor Fuel: This includes businesses that sell gasoline, diesel, or other motor fuels.
• Liquid Petroleum Gas Dealers: Businesses that sell propane or other liquefied petroleum gas (LPG) for vehicles.
• IFTA License Holders: Companies that operate trucks or other vehicles in multiple states and use the International Fuel Tax Agreement (IFTA) to report and pay fuel taxes.
• Eligible Purchasers of Motor Fuel: Businesses authorized by the state to buy motor fuel without paying taxes upfront, typically for off-road uses.
• Wholesalers or Unclassified Acquirers of Tobacco Products: Businesses that sell tobacco products wholesale or acquire them in large quantities.

In essence, if your business involves motor fuel, motor carriers (large vehicles), or tobacco products in a way that requires a license from the Michigan Department of Treasury, you’ll likely need this bond.

How to Obtain a License.

There’s no single “Michigan Motor Fuel – Motor Carrier – Tobacco Products” license. Instead, it depends on your specific business activity. Here’s how to navigate getting the appropriate license(s):

1. Identify Your License Needs:
   • Motor Fuel: If you sell gasoline, diesel, or other motor fuels, you’ll need a Motor Fuel Tax License.
   • Motor Carrier: Businesses operating large vehicles in Michigan (may require an IFTA license for interstate travel) might need a Motor Carrier License.
   • Tobacco Products: Businesses selling tobacco products need a Tobacco Products Tax License depending on their role (wholesaler, retailer, etc.).

2. Research and Apply:
   • Michigan Department of Treasury: Their website is the primary resource for information and applications: https://www.michigan.gov/taxes/business-taxes/motor-fuel
   • License Type: Find the specific license type that applies to your business activity. Each license page will detail requirements and application procedures.
   • MiMATS System: Consider using the Michigan Motor Fuel and Tobacco System (MiMATS) for online applications: https://www.michigan.gov/taxes/business-taxes/motor-fuel

3. Additional Considerations:

• • Motor Fuel Bond: Depending on your motor fuel activities, you might also need a Michigan Motor Fuel-Motor Carrier-Tobacco Products Bond. Refer to the Motor Fuel section of the Treasury website for details.
  • Federal Requirements: There might be additional federal licenses or permits required depending on your business activity (e.g., selling tobacco products).

Here are some helpful resources:

• Applying for a License: https://www.michigan.gov/taxes/business-taxes/tobacco
• Michigan Motor Fuel-Motor Carrier-Tobacco Products Bond: https://www.michigan.gov/taxes/business-taxes/motor-fuel

Remember, the specific requirements and processes can vary depending on your business activity. It’s always recommended to consult the official Michigan Department of Treasury website for the most up-to-date information.

The information provided above is for general informational purposes only and does not constitute legal advice.  Do not rely solely on the information presented here as a substitute for professional legal counsel.