California Aircraft Jet Fuel Dealer Bond
AmeriPro Surety Bonds | 844-589-9732
Licensing of California Aircraft Jet Fuel Dealers
As part of the licensing of California jet fuel dealers, you are required to obtain a surety bond. The purpose of this bond is to guarantee that all taxes related to the sales of jet fuel are remitted to the state of California as required.
The demand and requirement for a surety bond are pursuant to the California Motor Vehicle Fuel Tax License Law, as amended.
Amount of Surety Required
While surety agencies do not help you determine the amount of surety required, our agency will provide the surety bond in whatever you require.
According to California Article 4, 7486, the amount of surety bond required will not be more than 3 times the estimated average monthly tax liability, with a maximum cap of $1,000,000.
Qualifying and the Premium
Qualifying for the California aircraft jet fuel dealer bond is by means of an application – which we can begin with you over the phone — but which you’ll need to complete, have witnessed and signed; and also a credit check.
If the amount of your bond is particularly large (i.e. in the 6 figure range), additional financial information may also be requested as part of the underwriting process.
Typically, the more verifiable documentation you have will work strongly in your favor.
To be approved, good credit is required. The approval rate is 1% of the surety bond’s amount, with a minimum of $100.
Once your aircraft jet fuel dealer bond is approved, and the premium is paid, our agency issues your bond to you immediately.
Your original surety bond, along with a Power of Attorney form, and our notarized document as Surety will be sent to you for filing. Upon receipt in the mail, you’ll sign your bond as Principal and file your bond with the California State Board of Equalization.
An address we have is the following; however, be sure to check if this where you will mail your individual surety bond:
California Department of Tax And Fee Administration
Return Processing Branch
PO Box 942879
Sacramento, CA 94279
Term of Your Bond
The aircraft jet fuel dealer bond is issued for a standard 12 month term. Your bond will renew on the anniversary of its issuance; and, presumably the amount required may differ from one year to the next.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and probate surety bonds throughout California, all 50 states and Washington D.C.
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Or, you may fill out the form below and a Surety Agent will contact you…