Washington Fuel Tax Bonds
What is a Washington Fuel Tax Bond?
Fuel Tax Bonds are required in Washington for those having applied for a fuel tax license in accordance with the provisions of Washington state laws. These laws require security for the payments of taxes, fees, penalties and other amounts due to the state. A Motor and Special Fuel Tax Bond is required for suppliers, blenders, and distributors of fuel pursuant to RCW 82.38.110 of the Motor Vehicle and Special Fuel Tax law. Minimum coverage the greater of $5,000, or three times the estimated monthly tax with a maximum coverage or bond amount of $100,000. An Aircraft Fuel Tax Bond is required for distributors of aircraft fuel pursuant to RCW 82.42.040 of the Aircraft Fuel Tax law. Minimum coverage is the greater of $5,000, or three times the estimated monthly tax with a maximum coverage is $100,000