Bond-Fuel Tax Bond
- Required by fuel sellers and distributors to obtain licensing
- Guarantees payment of all appropriate State taxes on fuel
- Type of financial guaranty, eligibility is based on credit and experience
- Bond amounts and requirements vary by state
- Bond is required by both Federal and state agencies, such as the Department of Treasury, Department of Revenue, and Comptroller
- Fuel suppliers, mixers, importers, distributors, and dealers of various fuels
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