Notary Bond Application:
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Nevada Fuel Tax Bond
The Nevada Department of Motor Vehicles, Motor Carrier Division requires applicable individuals in the fuel and special fuel industry to file a Fuel Tax License Bond.
Jet Insurance Company provides the Fuel Tax Bond as an assurance to the Nevada Department of Motor Vehicles (DMV) that the applicant will follow the terms and conditions of their license, as well as regulations concerning tax reports and payments. The surety bond also acts as a financial guarantee ensuring the State will receive payment for all taxes, accrued interest, penalties, and any other fees owed by the licensee.
If you are initially applying for or simply renewing your fuel industry license with the Nevada Department of Motor Vehicles, Jet can help you acquire the Fuel Tax Bond quickly and at an affordable price!
How Is the Custom Bond Limit Determined? What Are Jet’s Fuel Tax Bond Prices?
The Nevada Department of Motor Vehicles is responsible for determining the Fuel Tax Bond’s custom limit. The amount is based on the license type of the applicant and the greatest amount of fuel taxes paid or estimated to be paid by the individual. If the licensee has ever been delinquent with tax payments, that is also a determining factor for the bond limit. Fuel dealers, fuel suppliers, special fuel dealers, and special fuel suppliers are required to file a surety bond with a minimum limit of $1,000.
Jet’s prices are based on a small percentage of the bond limit and the personal credit score of the applicant. Refer to the chart below for examples of custom bond limits and Jet’s monthly and annual preferred tier prices.
| License Type | Bond Limit | Monthly | Annual |
|---|---|---|---|
| Monthly | $1,000 | $10 | $100 |
| 1 Year | $15,000 | $15 | $150 |
| 2 Years | $25,000 | $25 | $250 |
Higher bond limits may require a closer look by one of Jet’s underwriters to get you an approved rate. But don't worry, the review process is quick and a Jet team member will contact you right away with affordable rates at monthly and annual options.
Why Is the Nevada Fuel Tax Bond Required and Who Needs It?
Those who work in the fuel and special fuel industry are required to be licensed by the Nevada Department of Motor Vehicles. As a standard practice, some specific license types require the Fuel Tax Bond to be acquired in order to qualify for licensure, while other licensees are only required to obtain a bond because they have been deemed “habitually delinquent” by the DMV regarding overdue tax payments owed.
The Fuel Tax License Bond is required to act as an extra level of assurance. The surety bond keeps the individual accountable for their actions and ensures they will abide by the regulations of their license. If the licensee subsequently violates or fails to comply with such regulations, the bond acts as a financial guarantee for the Nevada Department of Motor Vehicles and will cover all excise taxes, accrued interest, penalties, and any other fees owed.
The chart below illustrates information about each fuel and special fuel license type, scenarios where a bond is needed, and what the custom bond limit is based on.
| License Type | Description | Bond Limit |
|---|---|---|
| Fuel Dealer License | Any licensee who manufactures or imports aviation fuel and sells it for distribution in Nevada | *Three times the estimated maximum monthly tax accrued, or $1,000, whichever is greater |
| Fuel Supplier License | Any licensee who produces, manufactures, imports, or acquires motor vehicle fuel for distribution in Nevada or exporting out of state | *Three times the estimated maximum monthly tax accrued, or $1,000, whichever is greater |
| Special Fuel Dealer License | Any licensee who sells and delivers compressed natural gas, liquified natural gas, or liquified petroleum gas | *Three times the estimated maximum monthly tax accrued, or $1,000, whichever is greater |
| Special Fuel Supplier License | Any licensee who produces, manufactures, or acquires special fuel for distribution in Nevada or exporting out of state | *Three times the estimated maximum monthly tax accrued, or $1,000, whichever is greater |
| Special Fuel Manufacturer | Any licensee who manufactures, blends, produces, distills, or compounds special fuel containing biodiesel or biodiesel blend for personal use or for sale or delivery in or outside of Nevada | Only required to file a Fuel Tax Bond with the DMV if the licensee is habitually delinquent with tax payments due. Minimum limit of $2,500 |
| Special Fuel User License | Any licensee who uses special fuels in motor vehicles that travel on Nevada highways, including highways under construction or reconstruction | Licensees entering into a contractual agreement with the DMV must file a $25,000 bond. Those who do not work directly with the DMV but have been delinquent with tax payments need a bond with a minimum limit of $2,500 |
- *For fuel dealers and suppliers and special fuel dealers and suppliers, the DMV may increase the bond amount to five times (from three times) the estimated maximum monthly tax accrued if the dealer is delinquent with payments.
How to Apply for the Nevada Fuel Tax License Bond With Jet
Our application can be done easily online and only takes a few minutes to complete! The Fuel Tax Bond application asks for general information such as your contact details, the bond limit required by the Department of Motor Vehicles, the license type you hold or are pursuing, and your social security number. A soft credit check and quick evaluation of your submitted information will determine your eligible rate options (this process won't have an effect on your credit score). Once available, you will receive approved prices via email that are ready for immediate purchase. Just fulfill payment and instantly receive a copy of your bond and receipt.
How Is the Nevada Fuel Tax Bond Filed?
The original signed and sealed bond must be filed with the Nevada Department of Motor Vehicles Motor Carrier Division. The surety bond must remain on file in order to maintain the active fuel license status.
Jet can take care of the surety bond filing process for you at no extra charge! However, if you would prefer to file your bond yourself, you can select to do so at checkout. The Fuel Tax License Bond and any applicable license forms should be sent to the mailing address below.
Nevada Department of Motor Vehicles
Motor Carrier Division
555 Wright Way
Carson City, NV 89711
Can I Cancel My Nevada Fuel Tax Bond? Are Refunds Available?
Yes, you may cancel your bond with Jet at any time! Simply send us a cancellation request to [email protected]. A termination notice will be sent to the Nevada Department of Motor Vehicles, and the liability of your bond will be released within 30 days of receiving such notice.
Regarding refunds, Jet does not reimburse bondholders who have purchased a 1-year bond term as that premium is fully earned. However, if you purchased a multi-year bond term, Jet will review your account for any unused premium. If found, a reimbursement will be issued as soon as the liability period has officially ended.
As for monthly payment bondholders, you will be charged for the required 30-day grace period as the bond remains active during that time. Payments will immediately cease once your bond has been officially released by the DMV.
How to Renew the Nevada Fuel Tax Bond
The Nevada Fuel Tax License Bond is continuous, so it will need to be renewed upon the bond term’s expiration date if you plan to keep your license active Nevada Department of Motor Vehicles.
If you purchased your bond with Jet on an annual or multi-year term, we will send you a renewal invoice well in advance of your renewal date via email and mail. All you need to do is fulfill payment and your bond will stay on file with the DMV for another term.
Monthly payment bondholders don’t have to worry about renewing! As long as payments continue to come out of your preferred account, the bond is kept active. If you wish to change your card at any time just let us know.
For special fuel manufacturers and user licensees that have been labeled as “habitually delinquent” by the Department of Motor Vehicles, you may only need to keep your Fuel Tax License Bond active for a year. As long as excise tax payments are made on time during that year, the Department will relieve you of the surety bond requirement and you won’t need to renew with Jet.
How Does a Principal Avoid Nevada Fuel Tax Bond Claims?
Individuals who work as suppliers, dealers, manufacturers, or users of fuel or special fuel in the State of Nevada are expected to follow regulations pursuant to Nevada Revised Statutes, Chapters 360A, 365, 366, 373, 445C, 482, 590, and 706 as it applies to their individual license obligations. A violation of these rules may lead to the Nevada Department of Motor Vehicles charging the licensee interest and/or penalty fees, suspending or revoking the individual’s license, putting the licensee on probation, and/or filing a pricey claim on the licensee’s surety bond.
Depending on the individual’s license type, fuel and special fuel taxes and any other applicable fees are to be paid to the Department of Motor Vehicles on a monthly, quarterly, or annual basis. If you fail to pay these obligations on time more than once, the DMV will label you as “habitually delinquent” and will put your license on probation, as well as charge you interest and additional penalty fees. Failure to pay what is owed once more will result in a claim on your Fuel Tax Bond.
It is in your best interest to try and resolve any payment problems as soon as they arise, and more importantly, before any accrued fees add up beyond your financial capabilities and an official claim is filed on your Fuel Tax License Bond.
What Happens if I Get a Nevada Fuel Tax Bond Claim?
If a claim is filed on your bond, notice will be sent directly to Jet by the Nevada Department of Motor Vehicles. We will immediately notify you of the news and will ask for any and all information regarding the claim as we will need these details for our own investigation of the accused violation.
In cases where the claim is found to be justified, Jet is legally obligated per the surety bond form to fulfill payment up to the bond limit. You, the fuel or special fuel licensee, are ultimately held responsible for your actions and must reimburse Jet for the claim amount paid out on your behalf. An omission to fulfill this requirement may lead to future difficulties in obtaining a surety bond in the State of Nevada, specifically the Fuel Tax Bond that is needed for various licenses in the fuel and special fuel industry.
