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How much does a motor fuel distributor bond cost in Georgia?
The Georgia Department of Revenue requires motor fuel distributors to post surety bonds in an amount equal to 3 times their monthly tax liability— between $1,000 and $150,000. Applicants must verify their required bond amount with the state prior to bonding.
These bonds are subject to underwriting consideration, so the price you’ll pay depends on your required coverage amount and a review of your personal credit report. Bad credit? No problem! SuretyBonds.com offers an exclusive bad credit bonding program through which 99% of applicants are approved for the bonds they need, regardless of financial credentials. Ready to find out exactly how much you’ll pay for your bond? Request your free bond quote now!
If you’re ready to become bonded quickly, easily and accurately, call SuretyBonds.com at 1 (800) 308-4358, or click here to fill out an online bond request form now. We can typically provide your free bond quote within 1 business day of submitting your application.
Why do I need this bond?
By posting a Georgia motor fuel distributor surety bond, principals (motor fuel distributors) pledge to pay all state and locally-imposed taxes and fees and comply with all regulations listed in Title 48, Chapter 9, Article 1 of the Motor Fuel Tax Act. If the principal commits fraud or other damaging acts, such as falsifying records of sale, or is unable to pay requisite taxes on prior sales, the bond protects consumers and the state from financial loss.
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What’s the fine print?
Motor fuel distributor bonds in Georgia remain continuous from the effective date and are automatically extended every 12 months following the effective date. Each 12-month period is a new and separate obligation.
The surety can cancel the bond at any time in accordance with the Provisions of Georgia Title 48, Chapter 9, Article 1 by providing written notice of cancellation.