Louisiana Motor Fuel Tax | Motor Fuel Tax Surety Bond

Also known as: motor fuel tax bond

Type of Bond

A Louisiana motor fuel tax bond is a type of surety bond that is required by the Louisiana Department of Revenue from individuals or businesses involved in the distribution, sale, or importation of motor fuels within the state. The bond serves as a financial guarantee to ensure compliance with motor fuel tax laws and regulations. The purpose of the motor fuel tax bond is to protect the interests of the state by providing a form of security in case the bonded party fails to fulfill their tax obligations or violates any laws related to motor fuel taxation. It helps ensure that the bonded party accurately reports and pays the required motor fuel taxes in a timely manner and complies with the rules and regulations set by the Louisiana Department of Revenue. The specific bond requirements, including the bond amount, are typically determined by the Louisiana Department of Revenue based on factors such as the volume of motor fuel sales, the type of motor fuel involved, and the potential tax liability associated with the business operations. If the bonded party fails to fulfill their tax obligations or violates any laws, a claim can be made against the bond. If the claim is deemed valid, the bond issuer will provide compensation up to the bond amount to the state or affected parties. The bonded party is then responsible for reimbursing the bond issuer for the payout made on their behalf. In summary, a Louisiana motor fuel tax bond is a surety bond required for individuals or businesses involved in the distribution, sale, or importation of motor fuels. It ensures compliance with motor fuel tax laws, protects the interests of the state, and provides a mechanism for compensation in case of non-compliance or violations related to motor fuel taxation.


Program

The price you'll pay for your Motor Fuel 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 Motor Fuel 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 Motor Fuel 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 Motor Fuel Tax Bond Application process.

Obligee Information

An obligee is the entity that is requiring you to have the Motor Fuel Tax bond.

Obligee: State Of Louisiana Department Of Revenue
Street: 617 North Third Street
State: Louisiana
Zip: 70802