How much does a motor fuel tax bond cost in Louisiana?
The Louisiana Department of Revenue requires individuals involved in the sale or transport of motor fuels to post a surety bond. The required bond amount varies depending on the type of motor fuel license the principal has.
Premiums for Louisiana motor fuels bonds are subject to underwriting, which means the amount the applicant will pay is directly related to their credit report.
The best way to determine your exact surety bond cost is to contact a surety bond expert by calling 1 (800) 308-4358. You can also apply for a free, personalized bond quote online!
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Motor Fuel Tax Bond (Terminal Operator)||$1,000,000||subject to underwriting||subject to underwriting||subject to underwriting||Apply Now|
|Motor Fuel Tax Bond (Supplier)||$50,000||Starts at $500||$2,500-4,000||$5,000+||Apply Now|
|Motor Fuel Tax Bond (Permissive Supplier)||$50,000||Starts at $500||$2,500-4,000||$5,000+||Apply Now|
|Motor Fuel Tax Bond (Distributor)||$20,000||Starts at $200||$1,000-1,600||$2,000+||Apply Now|
|Motor Fuel Tax Bond (Importer)||$20,000||Starts at $200||$1,000-1,600||$2,000+||Apply Now|
|Motor Fuel Tax Bond (Exporter)||$20,000||Starts at $200||$1,000-1,600||$2,000+||Apply Now|
|Motor Fuel Tax Bond (Blender)||$20,000||Starts at $200||$1,000-1,600||$2,000+||Apply Now|
|Motor Fuel Tax Bond (Interstate Motor Fuel User)||$20,000||Starts at $200||$1,000-1,600||$2,000+||Apply Now|
Ready to get started? Call SuretyBonds.com today at 1 (800) 308-4358, or request your free bond quote now.
Why do I need this bond?
Motor fuel tax bonds in Louisiana ensure that individuals who work in the state’s motor fuel industry pay their taxes. This bond also ensures that principals (motor fuel transporters) abide by all laws stated in the Louisiana Revised Statutes and Administrative Code. Some of these provisions include, but are not limited to:
- keeping and maintaining records for 2 years after any transaction
- authorizing the state to access any storage for fuels
- only transporting fuels if authorized to do so
- delivering fuel to any business only between the hours of 5 a.m. and 9 p.m.
What’s the fine print?
The following information must be listed on the bond form:
- account number
- legal name of business
- trade name of business
- principal location of business
- mailing address
- ownership structure
- license type
The principal’s signature must be witnessed.
Louisiana motor fuels tax bonds are continuous until canceled. If the bond is to be canceled, the surety must provide 30 days of notice to the Louisiana Department of Revenue prior to canceling the bond.
What kind of license do I need?
Becoming bonded is the first step toward obtaining a motor fuel excise tax license. Before you’re granted a license, you must submit the completed application and a surety bond in the correct amount.
The Louisiana Department of Revenue offers 10 license types:
- terminal operator
- permissive supplier
- interstate motor fuel user
- motor fuel transporter
- aviation fuel dealer
Detailed licensing requirements can be found in the “Important Links” section below. If you have questions about the type of license you need or the licensing process, contact the Department of Revenue at 1 (225) 219-7656.
Ready to get started?