Kentucky Highway Use Tax | Highway Use Tax Surety Bond

Also known as: highway use tax bond

Type of Bond

A Kentucky highway use tax bond is a type of surety bond that may be required by the Kentucky Transportation Cabinet for certain commercial motor vehicles that operate on the state's highways. The purpose of a Kentucky highway use tax bond is to ensure that motor carriers comply with the state's tax laws and regulations related to the use of public highways. The bond serves as a financial guarantee that the motor carrier will accurately report and pay the required highway use tax based on their vehicle's weight and mileage. By obtaining this bond, the motor carrier assures the state that they will fulfill their tax obligations and contribute their fair share toward the maintenance and improvement of the state's highway infrastructure. If the motor carrier fails to comply with the tax laws, fails to accurately report or pay the highway use tax, or violates any regulations, a claim can be made against the bond. If the claim is valid, the bond provides financial compensation to cover any unpaid taxes or resulting damages incurred by the state. The purpose of the Kentucky highway use tax bond is to protect the state's tax revenue, ensure fair competition among motor carriers, and promote compliance with tax regulations. The bond serves as a form of recourse for the state to seek compensation in case of non-compliance, negligence, or breaches by the motor carrier. It contributes to the overall integrity and effectiveness of highway use tax enforcement in Kentucky.


Program

The price you'll pay for your Highway Use Tax Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of Highway Use Tax Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a Highway Use Tax Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Highway Use Tax Bond Application process.

Obligee Information

An obligee is the entity that is requiring you to have the Highway Use Tax bond.

For your convenience you can view a sample copy of the Kentucky Highway Use Tax Bond Form.

Obligee: Commonwealth Of Kentucky
State: Kentucky