Federal - Gasoline, Diesel Fuel and Kerosene Excise Tax (Combination) — required surety bond in Federal. Apply online in minutes.
The Federal Gasoline, Diesel Fuel, and Kerosene Excise Tax (Combination) Bond is a financial guarantee required by the federal government for certain fuel industry businesses. It ensures that bonded principals will accurately report and remit all required federal excise taxes on motor fuels. If the business fails to pay these taxes, the bond protects the government from revenue loss.
This bond is typically required for businesses involved in the production, wholesale, blending, or distribution of taxable fuels. This includes refiners, terminal operators, fuel blenders, and pipeline operators handling gasoline, diesel fuel, or kerosene. You should verify your specific registration and bonding needs directly with the Internal Revenue Service (IRS).
The Internal Revenue Service requires this bond to protect federal tax revenues generated from the sale and distribution of motor fuels. It serves as a financial safety net, guaranteeing that businesses will comply with tax laws and pay their excise tax liabilities in full. If a business defaults on these tax payments, the government can make a claim against the bond to recover the owed funds.
To get started, click Apply Now to complete our ~5 minute secure online application. Once submitted, our team at Noah Insurance Agency (814-718-0060) will process your request and provide a customized quote. Upon approval and payment, your official bond will be delivered by email.
Premiums vary based on the required bond amount and the financial credentials of the applicant. To find out your exact cost, apply online for a free quote from Noah Insurance Agency.
Bond amounts vary widely as they are typically based on a business's projected or historical tax liability. You must verify your exact required bond amount directly with the issuing agency prior to applying.
Yes, Noah Insurance Agency works with a nationwide network of surety partners to find coverage for applicants with various financial backgrounds. Apply online to see the options available for your specific situation.
Bond terms and renewal cycles vary depending on the specific federal requirements for your fuel business. Our team will notify you when it is time to renew your bond to maintain continuous compliance.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
Noah Insurance Agency · Licensed Nationwide