West Virginia Fuel Tax Bonds

A Motor Fuels Excise Tax Bond is a type of surety bond required for Suppliers, Exporters, Permissive Suppliers, Terminal Operators, Importers, Distributors, or Blenders of motor fuel within the meaning of Chapter 11, Article 14C, of the Official Code of West Virginia when the Tax Commissioner of the State of West Virginia has required to deposit a bond. The fuel tax excise tax bond ensures compliance with provisions of Chapter 11, Article 14C, of the Code of West Virginia and the rules and regulations adopted thereafter. The fuel tax bond also guarantees payment of all motor fuel taxes and penalties for which the principal is liable.