{"id":260,"date":"2018-06-14T05:56:17","date_gmt":"2018-06-14T05:56:17","guid":{"rendered":"https:\/\/www.suretegrity.com\/blog\/?p=260"},"modified":"2018-06-15T06:02:38","modified_gmt":"2018-06-15T06:02:38","slug":"who-benefits-from-a-fuel-tax-bond","status":"publish","type":"post","link":"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/","title":{"rendered":"Who Benefits from a Fuel Tax Bond?"},"content":{"rendered":"<p>Fuel owners need a <a href=\"https:\/\/www.suretegrity.com\/bond-type\/Fuel-Tax\">fuel tax bond<\/a> for as long as they hold an active license. The bond is a guarantee that the holder (the fuel seller) will pay all the required taxes, interests, and applicable penalties. The obligee here is the State and by extension, the public. The fuel seller is the principal and must buy the bond from a surety company.<!--more--><\/p>\n<p>How does this bond benefit all three parties?<\/p>\n<p><strong>For the oblige:<\/strong><\/p>\n<ul>\n<li>It ensures that the fuel seller will pay all taxes. Taxes are an important part of the State\u2019s earnings.<\/li>\n<li>It gives the people a chance to claim damages if the bond conditions are not met. The bond amount can cover the losses.<\/li>\n<li>It ensures that business is conducted legally in the state.<\/li>\n<\/ul>\n<p><strong>For the principal:<\/strong><\/p>\n<ul>\n<li>The bond is a requirement for legally operating their business.<\/li>\n<li>The terms of the contract are laid out in advance. This also means that the State cannot change the conditions suddenly and without notice.<\/li>\n<\/ul>\n<p><strong>For the surety:\u00a0<\/strong><\/p>\n<ul>\n<li>Acceptance of the bond is a sign of the surety company\u2019s good name and reputation.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Fuel owners need a fuel tax bond for as long as they hold an active license. The bond is a guarantee that the holder (the fuel seller) will pay all the required taxes, interests, and applicable penalties. The obligee here is the State and by extension, the public. The fuel seller is the principal and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-260","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Who Benefits from a Fuel Tax Bond? - Suretegrity<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Who Benefits from a Fuel Tax Bond? - Suretegrity\" \/>\n<meta property=\"og:description\" content=\"Fuel owners need a fuel tax bond for as long as they hold an active license. The bond is a guarantee that the holder (the fuel seller) will pay all the required taxes, interests, and applicable penalties. The obligee here is the State and by extension, the public. The fuel seller is the principal and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/\" \/>\n<meta property=\"og:site_name\" content=\"Suretegrity\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-14T05:56:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-06-15T06:02:38+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.suretegrity.com\/blog\/#\/schema\/person\/b1928a26a26c1c35cb64d5a716387b04\"},\"headline\":\"Who Benefits from a Fuel Tax Bond?\",\"datePublished\":\"2018-06-14T05:56:17+00:00\",\"dateModified\":\"2018-06-15T06:02:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/\"},\"wordCount\":190,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/\",\"url\":\"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/\",\"name\":\"Who Benefits from a Fuel Tax Bond? - Suretegrity\",\"isPartOf\":{\"@id\":\"https:\/\/www.suretegrity.com\/blog\/#website\"},\"datePublished\":\"2018-06-14T05:56:17+00:00\",\"dateModified\":\"2018-06-15T06:02:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.suretegrity.com\/blog\/#\/schema\/person\/b1928a26a26c1c35cb64d5a716387b04\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.suretegrity.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Who Benefits from a Fuel Tax Bond?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.suretegrity.com\/blog\/#website\",\"url\":\"https:\/\/www.suretegrity.com\/blog\/\",\"name\":\"Suretegrity\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.suretegrity.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.suretegrity.com\/blog\/#\/schema\/person\/b1928a26a26c1c35cb64d5a716387b04\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.suretegrity.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/087fcd0afa836d9ee1d765bfe330e403a19b532c6fc31125788f2fad828d025a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/087fcd0afa836d9ee1d765bfe330e403a19b532c6fc31125788f2fad828d025a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/www.suretegrity.com\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Who Benefits from a Fuel Tax Bond? - Suretegrity","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/","og_locale":"en_US","og_type":"article","og_title":"Who Benefits from a Fuel Tax Bond? - Suretegrity","og_description":"Fuel owners need a fuel tax bond for as long as they hold an active license. The bond is a guarantee that the holder (the fuel seller) will pay all the required taxes, interests, and applicable penalties. The obligee here is the State and by extension, the public. The fuel seller is the principal and [&hellip;]","og_url":"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/","og_site_name":"Suretegrity","article_published_time":"2018-06-14T05:56:17+00:00","article_modified_time":"2018-06-15T06:02:38+00:00","author":"admin","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/#article","isPartOf":{"@id":"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/"},"author":{"name":"admin","@id":"https:\/\/www.suretegrity.com\/blog\/#\/schema\/person\/b1928a26a26c1c35cb64d5a716387b04"},"headline":"Who Benefits from a Fuel Tax Bond?","datePublished":"2018-06-14T05:56:17+00:00","dateModified":"2018-06-15T06:02:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/"},"wordCount":190,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/","url":"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/","name":"Who Benefits from a Fuel Tax Bond? - Suretegrity","isPartOf":{"@id":"https:\/\/www.suretegrity.com\/blog\/#website"},"datePublished":"2018-06-14T05:56:17+00:00","dateModified":"2018-06-15T06:02:38+00:00","author":{"@id":"https:\/\/www.suretegrity.com\/blog\/#\/schema\/person\/b1928a26a26c1c35cb64d5a716387b04"},"breadcrumb":{"@id":"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.suretegrity.com\/blog\/who-benefits-from-a-fuel-tax-bond\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.suretegrity.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Who Benefits from a Fuel Tax Bond?"}]},{"@type":"WebSite","@id":"https:\/\/www.suretegrity.com\/blog\/#website","url":"https:\/\/www.suretegrity.com\/blog\/","name":"Suretegrity","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.suretegrity.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.suretegrity.com\/blog\/#\/schema\/person\/b1928a26a26c1c35cb64d5a716387b04","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.suretegrity.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/087fcd0afa836d9ee1d765bfe330e403a19b532c6fc31125788f2fad828d025a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/087fcd0afa836d9ee1d765bfe330e403a19b532c6fc31125788f2fad828d025a?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/www.suretegrity.com\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.suretegrity.com\/blog\/wp-json\/wp\/v2\/posts\/260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.suretegrity.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.suretegrity.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.suretegrity.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.suretegrity.com\/blog\/wp-json\/wp\/v2\/comments?post=260"}],"version-history":[{"count":1,"href":"https:\/\/www.suretegrity.com\/blog\/wp-json\/wp\/v2\/posts\/260\/revisions"}],"predecessor-version":[{"id":261,"href":"https:\/\/www.suretegrity.com\/blog\/wp-json\/wp\/v2\/posts\/260\/revisions\/261"}],"wp:attachment":[{"href":"https:\/\/www.suretegrity.com\/blog\/wp-json\/wp\/v2\/media?parent=260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.suretegrity.com\/blog\/wp-json\/wp\/v2\/categories?post=260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.suretegrity.com\/blog\/wp-json\/wp\/v2\/tags?post=260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}