The Texas Motor Fuels Tax Continuous Bond is required by the Comptroller of Public Accounts. Texas Motor Fuels Tax Continuous Bond states that the bond holder will pay all taxes, penalties, interest, and costs due under the permit applied for. This bond will cover the permits required for either Gasoline or Diesel Fuel. The Texas Motor Fuels Tax Continuous Bond is necessary in order to get and maintain these permits.

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What is the purpose of the bond?Texas Motor Fuels Tax Continuous Bond

Without this Texas Motor Fuels Tax Continuous Bond on file, permits may be suspended so it is critical to ensure the validity of your bond and renew it in a timely manner. The Comptroller may also cancel or refuse the permit or license, so it is very important to get this bond in order to sell gasoline or diesel fuel in the state of Texas. This bond is very important to the state because it ensures they will receive the proper revenue from the bond holder.

What is the surety bond amount ?

The amount depends on the permit. Please refer to the list below.

Gasoline – Bond must be equal to two times the maximum amount of tax that could accrue on tax-free gasoline purchased or acquired during a reporting period. Minimum amount is $30,000 while maximum amount is $600,000.

Diesel Fuel – equal to two times the maximum amount of tax that could accrue on tax-free diesel fuel purchased or acquired or sold during a reporting period. The minimum bond is $30,000. The maximum bond is $600,000.

Dyed Diesel Fuel Bonded User – bond must be equal to two times the maximum amount of tax that could accrue on tax-free diesel fuel purchased or acquired during a reporting period. The minimum bond is $10,000. The maximum bond is $600,000.

Compressed Natural Gas/ Liquefied Natural Gas – bond must be equal to two times the maximum amount of tax that could accrue on CNG or LNG produced, purchased, acquired, sold or delivered during a reporting period. The minimum bond is $30,000. The maximum bond is $600,000.

How do I obtain a Texas Motor Fuels Tax Continuous 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 application1
  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 Texas Motor Fuels Tax Continuous 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. 

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.

 

 

How to Get Your Texas Motor Fuels Tax Continuous Bond

  1. Complete an online application. It’s free and no-obligation.
  2. One of our surety experts will contact you with a firm quote and an agreement to sign.
  3. Provide payment and your signed agreement, and then you will receive your Surety Bond!

If you have any questions, please call us at 877-654-2327.

How to Get Bonded

1. Apply Online
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2. Get Your Free Quote
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3. Get Your Bond
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