What is an Iowa Fuel Tax Bond?
Iowa Fuel Tax Bond's are required by Iowa's Department of Revenue to obtain your Iowa Fuel Tax Bond. The Iowa Fuel Tax Bond amount is set at $10,000.
The State requires a Fuel Tax bond for :
a $10,000-$300,000 surety bond based on money that is owed.
Different parts of a bond:
There are 3 parts to a Fuel Tax surety bond. The Principal "YOU", The Surety Company, and the Obligee. The Principal is the business or individual applying for the Fuel Tax Surety Bond. The Obligee is the individual or entity requiring the Surety Bond and the Surety Company is the company who provides the Surety Bond coverage.
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Iowa Fuel Tax Bond Information and Requirements: