Under § 58.1-2246, a bulk user (or retailer or provider) of alternative fuel who stores highway and nonhighway fuel in the same tank, or who defers remitting tax to the provider, must file a bond (or certificate of deposit) with the Commissioner equal to three times the applicant's average expected monthly tax liability, no less than $2,000 and no more than $300,000. The Virginia DMV administers the Fuels Tax Act; the bond is filed on form FT462. Confirm the amount the DMV set on your notice.

What the alternative-fuel bond actually covers

You need this bond if you are

Your executed alternative-fuel tax bond is issued ready to file with the Virginia DMV on form FT462. Larger bond amounts may get a quick underwriter review within 48 hours.

Virginia DMV alternative-fuel tax bond for bulk users: 0.75% of the bond amount, $100 minimum. File form FT462 to keep your license active. Apply today.

Fuels Tax Bond — Bulk User of Alternative Fuel

Virginia - Fuels Tax Bulk User of Alternative Fuel

Final premium can vary based on underwriting factors

How this works?

If you are a non profit select Corporation

All future bond correspondence and renewals will be sent to this address

Clear pricing.Instant issuance.