The bond the New Mexico Taxation and Revenue Department requires of special fuel suppliers and gasoline distributors as a guarantee for the fuel excise tax they collect. The Department sets the amount — often enough to cover roughly two quarters of tax — and we issue it at a flat 3%. One soft credit pull, never affecting your score.
















Enter your amount, consent to a soft credit pull, and file with the Taxation and Revenue Department. Here is the whole thing:
Your business details, the bond amount the Department set, and the effective date — the only extra step is a one-time consent to a soft credit pull.
Most clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The soft credit pull never affects your score.
Pay online and receive the executed bond, ready to file with your fuel supplier or distributor registration. Wet-ink originals mailed whenever the state insists.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the figure on your Department notice and the premium updates.
New Mexico taxes motor fuel through the Taxation and Revenue Department — the gasoline tax under NMSA 1978 Chapter 7, Article 13 and the special fuel (diesel, biodiesel, kerosene) supplier tax under Article 16A. Rack operators, importers, suppliers, and distributors are required to register and, in most cases, to post a surety bond standing behind the tax they collect.
The bond is a tax guarantee, payable to the State of New Mexico. The Department sets the amount — typically enough to cover roughly two calendar quarters of your estimated tax liability — so it scales with your fuel volume. If you fail to remit, the state can recover against the bond.
It is not insurance for you — if the surety pays, you repay the surety. We issue the amount the Department named at a flat 3% with one soft credit pull; the pull informs approval, never the price.
Submit the application with the bond amount the Department set, including a one-time consent to a soft credit pull — your bond is typically issued within 1–2 business days.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
Five-minute application, flat 3%, $275 minimum, soft pull only. Enter the amount the Department set and file in 1–2 business days.