The Mississippi Petroleum Tax Bond is required by the Mississippi Department of Revenue. This is for any person who shall engage in the business as a distributor of gasoline, special fuel, lubricating oil, or compressed gas in the state.
The bond states that the bondholder shall follow the laws, rules, and regulations of the State of Mississippi pertaining to Gasoline, Special Fuel, Lubricating Oil, Compressed Gas, and/or Contractors Direct Pay Permits for all taxes, interest, penalties and such other fees or expenses.
The bond should not be lower than $1,000 nor higher than $250,000.
This surety bond is not needed in the application for a permit to engage in the business. You can submit it after you have been approved by the Commission. Log on to TAP, Mississippi’s Taxpayer Access Point, for your Petroleum Distributors Licenses and Permits.
Where can I get a Mississippi Petroleum Tax Surety Bond?
Surety1 has access to the best surety markets available. We will be able to get you bonded quickly at the lowest cost for your surety bond. We can only give you a quote the for the bond premium after you fill out the free online application form. Once you submit that, our licensed agents will contact you right away.
If you decide to get your surety bond with us, all you need to is pay the said amount and then sign any paperwork that is needed. It’s a very easy process and can be done within just a business day. We will then send the Mississippi Petroleum Tax Surety Bond via USPS Priority Mail. If you need to get it faster than that, you can also opt for overnight delivery.
You can trust Surety1 with all your surety bond needs. We have been doing this since 2003, issuing surety bonds for all 50 states. We were even awarded an A+ rating from the Better Business Bureau for our service.