Texas Motor Fuel Tax Bonds
Chapter 162 of the Texas Title 2 regulates the taxes imposed on fuel dealers, distributors and exporters. We offer all classes of fuel tax bonds to domestic and foreign operators.
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- A supplier, permissive supplier, distributor, importer, exporter, distributor/aviation fuel dealer, blender or exporter/blender shall post a bond equal to two times the maximum amount of tax that could accrue on tax-free gasoline purchased or acquired during a reporting period. The minimum bond is $30,000. The maximum bond is $600,000.
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- A supplier, permissive supplier, distributor, importer, exporter, distributor/aviation fuel dealer, blender, importer/bonded user or exporter/blender shall post a bond equal to two times the maximum amount of tax that could accrue on tax-free diesel fuel purchased or acquired or sold during a reporting period. The minimum bond is $30,000. The maximum bond is $600,000.
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- A dyed diesel fuel bonded user shall post a bond equal to two times the maximum amount of tax that could accrue on tax-free diesel fuel purchased or acquired during a reporting period. The minimum bond is $10,000. The maximum bond is $600,000.
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- A CNG/LNG dealer shall post a bond equal to two times the maximum amount of tax that could accrue on CNG or LNG produced, purchased, acquired, sold or delivered during a reporting period. The minimum bond is $30,000. The maximum bond is $600,000.
Texas Comptroller of Public Accounts Surety Bond Specific Requirements
- If the surety company has both a Texas Taxpayer Number and a Texas Vendor Identification Number, enter only the Vendor Identification Number.
- Bonds must be written in accordance with the applicable provisions of law for the type of fuel which this bond will cover. The amount of the bond.
- and the applicable section number of the law must be entered for the surety bond to be effective.
- Read more in the following Sections of the Texas Tax Code:
- Gasoline taxes, sec. 162.111(b)
- Diesel fuel taxes, sec. 162.212(b)
- CNG/LNG Taxes, sec. 162.361(b)
