Kentucky Aviation Gasoline Bond Guide
If you’re applying for an aviation fuel tax refund in Kentucky, you’ll need to file this surety bond.
Bond Overview
- Purpose: To protect the state if an aircraft fuel purchaser is fraudulent
- Who Needs It: Aviation fuel purchasers who wish to apply for a tax refund
- Regulating Body: The Kentucky Department of Revenue, Motor Fuels Tax Compliance Section
- Required Coverage: $1,000
- Premium Rate: $100
Learn all about the bond requirements and process in this guide.
What Is a Kentucky Aviation Gasoline Bond?
Kentucky aviation gasoline bonds protect the state if an aviation fuel purchaser is fraudulent or makes false statements regarding fuel usage and purchases.
The Kentucky Department of Revenue, Motor Fuels Tax Compliance Section requires this bond for aviation fuel purchasers in the state to receive a tax refund.
How Much Do Aviation Gasoline Bonds Cost in Kentucky?
A $1,000 Kentucky aviation gasoline bond costs a flat rate of $100. Or, you can save 25% by selecting a multi-year term.
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How Do I Get My Bond?
With SuretyBonds.com, you can buy your Kentucky aviation gasoline bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file the bond with the state as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Kentucky Aviation Gasoline Bond Work?
As with all surety bonds, an aviation gasoline bond creates a legal contract between three parties:
- Principal: You, the fuel seller or company filing the bond
- Obligee: The Kentucky DOR’s Motor Fuels Tax Compliance Section 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 aviation gasoline bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
