Louisiana Ifta | $25,000 Ifta Surety Bond

Also known as: ifta bond

Type of Bond

A Louisiana IFTA (International Fuel Tax Agreement) bond is a type of surety bond required for commercial motor carriers operating in multiple jurisdictions under the IFTA. The IFTA is an agreement among the United States and Canadian provinces that simplifies the reporting and payment of fuel taxes for interstate carriers. The purpose of the Louisiana IFTA bond is to provide financial assurance to the Louisiana Department of Revenue that the motor carrier will comply with the fuel tax laws and regulations. The bond serves as a guarantee that the carrier will accurately report and pay the appropriate amount of fuel taxes based on the miles traveled in each jurisdiction. The bond amount is typically based on the carrier's estimated fuel tax liability for a specific reporting period. It ensures that the carrier has sufficient funds to cover any unpaid fuel taxes, penalties, or other charges that may arise from non-compliance with the IFTA requirements. In the event of non-compliance, such as failure to file timely reports or pay the required fuel taxes, the state can make a claim against the bond to recover any outstanding amounts owed. The bond provides a source of financial recourse for the state to protect its interests and ensure compliance with the IFTA provisions. Motor carriers must obtain the IFTA bond as part of their application for an IFTA license or permit in Louisiana. It is an essential requirement for carriers engaged in interstate commerce to ensure proper tax reporting and payment within the IFTA jurisdictions. In summary, a Louisiana IFTA bond is a surety bond required for commercial motor carriers participating in the International Fuel Tax Agreement. It guarantees compliance with fuel tax laws and serves as a financial safeguard for the state to recover unpaid taxes or penalties.


Program

The price you'll pay for your $25,000 Ifta 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 $25,000 Ifta 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 $25,000 Ifta 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 Ifta Bond Application process.

The Louisiana Ifta Bond amount is currently set at  $25,000.

Obligee Information

An obligee is the entity that is requiring you to have the Ifta bond.

Obligee: Louisiana Department Of Revenue Taxpayer Services Division
Street: Po Box 66362
State: Louisiana
Zip: 70896