The North Carolina Motor Fuels Tax Bond is required by the Department of Revenue. The bond states that the bondholder shall render all reports and pay all taxes relating to the Sale, Use and Distribution of Motor Fuels. In addition, they shall comply with the laws, rules and regulations made known by the Secretary of Revenue.
Before beginning work as a Supplier, Distributor or User of Motor Fuels, individuals must first apply to the Secretary of Revenue for a license. The Motor Fuels Tax bond is one of the licensing requirements.
The bond amount will vary depending on the motor fuel license you are applying for.
Refiners, Terminal Operators, Suppliers and Bonded Importers, the bond amount is $2,000,000.
Distributors, Tank Wagon Importers, and Alternative Fuel Providers require two times the average monthly motor fuel tax liability, with a minimum of $2,000 and a maximum of $500,000.
Blender, Fuel Alcohol Providers and Biodiesel Providers, whose average expected annual tax liability is at least $2,000, will need a bond. The amount will be two times the average monthly motor fuel tax liability, with a minimum of $2,000 and a maximum of $500,000.
See Motor Fuels Tax License Application for additional licenses and their bonding requirements.
Surety1 will help you get bonded quickly and reliably. We have partnered with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond.
Start the process by first completing our easy to navigate online application form. After that, one of our licensed agents will contact you with a no-obligation quote for bond premium. Next, we’ll have you sign any necessary paperwork and make payment of the premium. Your North Carolina Motor Fuels Tax bond will be shipped to you via USPS Priority Mail. Overnight shipping options also available.
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