Surety bonds and motor fuel assessments; filing period for new or replacement surety bonds extended, payment period for assessments on illegally imported or transported motor fuels extended

Summary

The law lengthens the time that CNG/LNG sellers, fleet producers and other motor‑fuel licensees have to file new or replacement surety bonds after a Department of Revenue notice, and also extends the period to pay taxes, interest and penalties on illegally imported or transported fuel. It updates bond‑amount calculations, adds procedures for seizure, sale and forfeiture of illegal fuel, and becomes effective immediately. The changes affect fuel sellers, producers, importers, exporters, distributors, terminal operators, their sureties, and the state tax authorities.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share