A licensed distributor under the Virginia Fuels Tax Act must file a bond with the DMV under § 58.1-2211. The DMV sets the amount at three times your average expected monthly tax liability — file it on form FT462 — and pricing is 0.75% of the bond amount, $100 minimum.
















No underwriting queue for the standard fuels tax bond — enter your amount, pay, and file with the DMV. Here is the whole thing:
Your business details, the bond amount the DMV set, and the effective date — that is the entire application.
The application collects no credit information at the standard amount, and pricing is 0.75% of the bond amount, $100 minimum — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
Submit the executed bond on form FT462 to satisfy the DMV. Wet-ink originals mailed whenever the Department insists on them.
Virginia administers the Virginia Fuels Tax Act (Code of Virginia Title 58.1, Chapter 22) through the DMV. A licensed distributor — who acquires fuel for subsequent sale or distribution — must file a bond (or certificate of deposit) with the Commissioner as security for the fuels tax it owes.
Under § 58.1-2211, the bond amount is three times the applicant's average expected monthly tax liability, as determined by the Commissioner — no less than $2,000 and no more than $300,000. The bond stands behind the tax due on the fuel you distribute.
The bonding company files the Fuels Tax Bond (form FT462) with the DMV; only that form is accepted. Pricing is 0.75% of your bond amount, $100 minimum — enter the figure on your notice and your exact price appears at the application.
Submit the application with the bond amount the DMV set — the executed bond is generated instantly, ready to file on form FT462.
Start the application →Pricing from $100. Enter the amount the DMV required and file the same day.