Nebraska Tax Bond Guide
If you’re applying for an IFTA license in Nebraska, you may need this surety bond.
Bond Overview
- Purpose: To ensure motor carriers uphold the International Fuel Tax Agreement (IFTA)
- Who Needs It: Motor carriers with an adverse financial history in Nebraska
- Regulating Body: The Department of Motor Vehicles, Division of Motor Carrier Services
- Required Coverage: $1,000–$25,000
- Premium Rate: Varies based on credit score
Learn all about the bond requirements and process in this guide.
What Is a Nebraska IFTA Tax Bond?
A Nebraska fuel tax bond, or IFTA bond, is part of the IFTA fuel tax licensing process for motor carriers with a history of missed tax payments, poor credit scores, or a revoked license.
It protects the state by making sure funds are available if a carrier defaults on payments.
How Much Do Tax Bonds Cost?
Nebraska fuel tax bonds cost a percentage of the required coverage amount. Factors like credit score and financial records will impact your final premium rate.
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 Fuel Tax Bond?
The Nebraska Department of Motor Vehicles (DMV) only requires a fuel tax bond from IFTA-participating motor carriers that have failed to:
- File timely tax returns
- Issue appropriate remittances
- Have a problem–free audit
A bond is also required from motor carriers with revoked licenses that are trying to get reinstated. The Department will notify you if you need to supply a surety bond during the application process.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Nebraska IFTA fuel 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 it with the DMV as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Nebraska Fuel Tax Bond Work?
A motor fuel tax bond creates a legal contract between these three parties:
- Principal: You, the motor carrier, filing the bond
- Obligee: The Nebraska DMV’s Division of Motor Carrier Services requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of the IFTA’s Articles of Agreement, R340.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your tax bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.