Georgia Motor Vehicle Fuel Distributor Tax Bond
AmeriPro Surety Bonds | 844-589-9732
Motor Vehicle Fuel Distributors
Motor vehicle fuel distributors are required by the Georgia Department of Revenue to obtain a surety bond to guarantee payment of any taxes owed.
The Department allows motor vehicle distributors to handle their taxes online.
AmeriPro Surety Bonds provides you with the amount of the surety bond required for timely filing with the Department.
Georgia Motor Vehicle Fuel Distributor Tax Bond: The Amount Required
According to the Department , the amount of fuel tax that you are required to purchase is as follows:
It is the greater of
- $1,000 surety bond;
- 3 (Three) times the average monthly fuel taxes during the preceding 12 months.
Motor Vehicle Fuel Distributor Tax Bond: The Premium or Price for this Surety
The price for this surety bond will of course be affected by the amount of surety bond you are required to purchase based upon the formula currently required by the state of Georgia.
As a very broad general rule, an applicant may expect to pay about 2% annually of the bond’s face amount; however, the amount that you will be required to pay will be determined by an application and a credit score.
The premium for the bond can therefore vary; however, AmeriPro Surety Bonds will work to find you the best premium pricing.
Georgia Motor Vehicle Fuel Distributor Tax Bond: Its Purpose
This surety bond is a financial guarantee, on behalf of the state of Georgia and the Department of Revenue that taxes owed, will in fact be paid.
While the surety bond exists to cover the taxes owed in case of non-payment, as owner of the surety bond (the bond’s principal), you are ultimately legally responsible for reimbursing the surety for any and all claims paid against your surety bond — if that were the case.
This would include all costs and fees associated with the settlement of any claim.
AmeriPro Surety Bonds provides tax-related surety bonds throughout Georgia and all 50 states.
We also provide license and permit, contractor, court, and other fiduciary surety bonds as required.
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