Oklahoma Motor Fuel Tax Bond Guide
If you’re applying for a motor fuel license in Oklahoma, 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 fuel exporters, transporters, and suppliers
- Regulating Body: The Oklahoma Tax Commission, Taxpayer Assistance Division
- Required Coverage: $1,000–$200,000
- Premium Rate: $100 for up to $10,000 coverage
Learn all about the bond requirements and process in this guide.
What Is an Oklahoma Motor Fuel Tax Bond?
Oklahoma fuel tax bonds protect the state and the public if a fuel seller, mixer or distributor does not comply with industry and tax regulations.
This guarantees fuel sellers will pay all taxes, penalties and interest owed to the local government, along with operating according to state law.
How Much Do Motor Fuel Tax Bonds Cost in Oklahoma?
Bond coverage requirements vary by license type, but are typically $2,000 for initial applications.
A Oklahoma motor fuel tax bond for up to $10,000 costs a flat rate of $100. Or, you can save 25% by selecting a multi-year term.
Bond coverage over $10,000 requires underwriting review. Rates are typically 1–10% of the total bond amount.
Click below to apply for a quote or buy your bond in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Fuel Tax Bond?
The Oklahoma Tax Commission, Taxpayer Assistance Division requires this bond for following types of motor fuel licensees in the state.
- Supplier/permissive supplier
- Terminal operator
- Exporter
- Transporter
- Bonded importer
- Tank wagon operator-importers
You’ll need to submit the bond form along with your initial license application. If you’re applying for multiple licenses, you’ll only need one bond for the largest coverage amount.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your Oklahoma motor fuel tax bond for up to $10,000 coverage instantly online. Just enter your information and checkout in minutes.
If you need a larger bond amount, you’ll need to apply for personalized pricing. 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 email you the bond shortly after purchase. Be sure to file the bond with the Taxpayer Assistance Division as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Oklahoma Fuel Tax Bond Work?
A motor fuel tax bond creates a legal contract between three parties:
- Principal: You, the fuel seller or company filing the bond
- Obligee: The Oklahoma Tax Commission, Taxpayer Assistance Division 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 fuel tax bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
