A Missouri fuel tax bond can be required for multiple classes of motor fuel users in Missouri. According to the state department of revenue, the major fuel license classifications are: Supplier, Permissive Supplier, Distributor, Distributor with Eligible Purchaser Status, Transporter, and Terminal Operator. Each classification must provide a Missouri fuel tax bond on the multi-purpose form 331. the surety bond amount is based on the number of gallons handled each month taken times the state’s motor fuel tax rate and figured for a three-month liability period. After becoming licensed, a yearly Missouri fuel tax surety bond review is performed in which the surety bond amount may change from its original value if the amount of gallons handled increases or decreases. The surety bond will be calculated on all gallons handled, including gallons purchased for export from Missouri. If the operator engages in more than one category then he will have to provide a separate surety bond for each license type. The Missouri fuel tax bond is a pure financial guarantee which ensures that the operator will pay fuel taxes and related fees, interest, additions to tax, and penalties due the state of Missouri Department of Revenue. The Department has the right to make a claim on the surety bond up to one year from the cancellation date of the bond, which gives this obligation a tail to consider. Surety One, Inc., the Missouri surety leader offers fuel tax surety bonds for airline, marine and ground transport operations. No one is more agile at fulfilling your IFTA bond or fuel tax bond need. We welcome applications from both domestic and foreign companies operating in the United States. Visit SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for a Missouri fuel tax bond application, an IFTA bond, or information regarding anything related to surety.
