Virginia fuels tax refiner bonds.
From $15,000.
A Virginia motor-fuel refiner is licensed as a supplier through the DMV under the Fuels Tax Act, and § 58.1-2211 fixes the bond at $2,000,000 for a supplier that holds a position in a terminal. Our carrier quotes 0.75% of the bond amount, $15,000.
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How much does a Virginia fuels tax refiner bond cost?
0.75% of the bond amount, from $15,000 at the $2,000,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard fuels-tax bond — enter your amount, pay, and file with DMV. Here is the whole thing:
Apply online
Your business details, the bond amount DMV required, and the effective date — that is the application.
Reviewed, then issued
A $2,000,000 bond gets a quick underwriter review before it issues. Any credit check is a soft pull that never affects your score.
File with DMV
Submit the executed bond with your refiner license. Wet-ink originals mailed whenever DMV insists on them.
What it is and who needs it.
What the refiner bond actually covers
Virginia taxes motor fuel under the Virginia Fuels Tax Act, administered by the DMV. A refiner — a person who owns, operates, or controls a refinery — is among the licensees the Act treats alongside suppliers, and is liable for the tax on the fuel it produces and removes.
Under Code of Virginia § 58.1-2211, a license applicant must file a bond or certificate of deposit conditioned on compliance with the Fuels Tax Act and payable to the Commonwealth. The Act has no separate refiner bond: § 58.1-2204(A)(1) says a refiner "shall be licensed as a supplier", and subsection A(1) of § 58.1-2211 fixes the bond at $2,000,000 for a supplier who is a position holder or receives fuel in a two-party exchange. Only a supplier that provides nothing but fuel alcohol posts three times its monthly tax instead.
The bond stands behind the fuels tax you collect or owe — if you fail to remit, the state can recover against it. Our carrier quotes 0.75% of the bond amount, which is $15,000 at $2,000,000, and an underwriter reviews a bond this size quickly.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with DMV. Submit the executed bond with your refiner license. Wet-ink originals mailed whenever DMV insists on them.
What sets the price
The premium is 0.75% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application for the $2,000,000 bond; an underwriter reviews a bond this size quickly.
Start the application →Common questions.
Other Virginia bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Refiner fuels-tax bond, issued today.
From $15,000 for the $2,000,000 bond. Apply online and file with DMV.