Idaho Fuels Tax Bond Guide
If you’re applying for a Motor Fuel Distributor License in Idaho, you’ll likely need this surety bond.
Bond Overview
- Purpose: To protect the state if a fuel seller or distributor breaks tax regulations
- Who Needs It: Motor fuels distributors
- Regulating Body: The Idaho State Tax Commission
- Required Coverage: $1,000–$50,000
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is an Idaho Fuels Tax Bond?
Idaho fuels distributor tax bonds protect the state and the public if a distributor does not comply with industry and tax regulations.
This guarantees fuel distributors and sellers will pay all taxes, penalties and interest owed to the local government, along with operating according to state law.
How Much Do Fuels Tax Bonds Cost in Idaho?
Idaho fuels distributor tax bonds cost a small percentage of the bond amount, typically 1–10%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Fuels Tax Bond?
The Idaho State Tax Commission requires this bond as part of the licensing process for motor fuel distributors in the state.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get an Idaho fuels distributor tax bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file the bond with the Commission as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Idaho Fuels Tax Bond Work?
As with all surety bonds, a fuels distributor tax bond creates a legal contract between three parties:
- Principal: You, the fuel seller or company filing the bond
- Obligee: The Idaho State Tax Commission requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for paying state taxes and upholding license regulations.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your fuels distributor tax bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
