Kentucky Form 72A065, Aviation Gasoline Tax Refund Bond, is a $1,000 surety bond used in connection with certain Kentucky aviation gasoline tax refund claims. It applies to a principal who operates aircraft for the transportation of persons or property and who may be entitled to a refund of Kentucky tax paid on gasoline used exclusively in those aircraft motors. The bond is intended to secure the principal’s compliance with Kentucky Revised Statute 138.341(2) and the repayment of any tax refunds that the principal was not entitled to receive. A surety joins the principal in the $1,000 obligation to the Commonwealth of Kentucky.
The form does not calculate the aviation gasoline tax refund itself. Instead, it establishes the bond connected with the principal’s future refund applications.
Who Should Use Kentucky Form 72A065?
This bond is designed for a principal that is engaged in, or preparing to engage in, the operation of aircraft for transporting persons and property and that will apply for refunds of Kentucky tax paid on aviation gasoline.
The bond specifically addresses gasoline used exclusively in aircraft motors for the qualifying operation described in the form.
The form involves two principal parties:
- Principal: The individual or entity operating the aircraft and seeking qualifying aviation gasoline tax refunds.
- Surety: The party providing the bond and sharing the $1,000 obligation with the principal.
How To File Kentucky Form 72A065
After the bond is fully completed and properly executed, return it to:
Department of Revenue
Motor Fuels Tax Compliance Section
P.O. Box 1303
Frankfort, Kentucky 40602-1303
The form itself does not list additional documents that must be attached to this bond. If the Department requires other materials for the underlying aviation gasoline refund or permit process, those requirements should be handled separately.
Before completing the bond, gather:
- Surety bond number.
- Kentucky permit number.
- Full legal name of the principal.
- Principal’s city or town.
- Principal’s county.
- Principal’s state.
- Full legal name of the surety.
- Surety’s address.
- Date the bond will be executed.
- Authorized principal representative information.
- Authorized surety representative information.
- Kentucky resident agent information for the surety company, when applicable.
Because this is a legal bond document, use consistent legal names throughout the form.
How To Complete Kentucky Form 72A065
Start with the identifying numbers at the top of the form. Then complete the principal and surety information, review the bond conditions, and finish the execution and signature section.
Bond and Permit Information
Surety Bond No.
Enter the number assigned to the surety bond.
Use the exact number associated with the bond being provided. Do not create an estimated or temporary number if a bond number has not been assigned.
Permit No.
Enter the Kentucky permit number associated with the principal and the aviation gasoline tax refund activity.
Check the permit number carefully before filing so that the bond can be associated with the correct permit holder.
Principal Information
Name of Principal
Enter the complete legal name of the person, company, or organization serving as the principal.
The principal is the party that operates the aircraft and may submit applications for refunds of Kentucky tax paid on qualifying aviation gasoline.
Use the same legal name everywhere the form asks for the principal’s name.
City or Town
Enter the city or town associated with the principal.
County
Enter the county in which the principal is located.
State
Enter the principal’s state.
Together, these fields identify the principal and its location for purposes of the bond.
Surety Information
Name of Surety
Enter the full legal name of the surety providing the bond.
The surety is the party joining the principal in the obligation to the Commonwealth of Kentucky.
Address of Surety
Enter the complete address of the surety.
Make sure this is the surety’s address rather than the principal’s address.
Understanding the $1,000 Bond Obligation
The bond amount is fixed at:
$1,000
You do not need to calculate this amount or enter a different amount in a blank field.
Under the bond, the principal and surety are obligated to the Commonwealth of Kentucky for prompt and faithful compliance with Kentucky Revised Statute 138.341(2).
The bond language also extends the obligation to applicable heirs, executors, administrators, successors, and assigns and states that the parties are bound jointly and severally.
There is nothing to enter in this paragraph. Review it carefully because it describes the legal obligation being accepted when the bond is executed.
Aviation Gasoline Activity Covered by the Bond
The form explains the circumstances for which the bond is provided.
The principal is described as being engaged in, or preparing to engage in, the operation of aircraft for the transportation of persons and property.
The bond further states that the principal may be entitled to a refund of Kentucky tax paid on gasoline used exclusively in the motors of those aircraft.
The principal may submit applications to the Commonwealth of Kentucky for refunds of taxes paid on aviation gasoline from time to time.
This paragraph does not contain a calculation. It establishes the activity to which the bond applies.
Bond Condition and Repeated Principal Name
The next section describes the conditions under which the bond remains effective or becomes void.
Name of Principal in Bond Condition
Enter the principal’s full legal name again in the blank following the words identifying the bonded party.
This name should exactly match the principal name entered earlier in the form.
Do not use a different trade name, abbreviation, or variation unless that is the name under which the bond is legally issued.
Repayment of Refunds Not Properly Due
The bond requires the principal to comply faithfully with the applicable Kentucky law.
It also requires the principal to repay the Commonwealth of Kentucky for any refund received when the principal was not entitled to that refund.
If the principal meets the obligations stated in the bond, the bond obligation becomes void according to its terms. Otherwise, it remains in full force and effect.
No amount needs to be entered in this paragraph.
Termination of the Bond by the Surety
The surety may terminate the bond under the procedure stated on the form.
To terminate the bond, the surety must provide written notice to both:
- The Kentucky Department of Revenue.
- The principal.
The notice must be given by registered mail at least 30 days in advance.
This 30-day provision is important. It differs from some other Kentucky motor fuel bonds that may use different notice periods.
There is no field to complete for termination when initially filing the bond.
Bond Execution Section
After reviewing the bond terms, complete the date and execution fields near the bottom of the form.
Execution Date
Day
Enter the numerical day on which the bond is executed.
For example, if the bond is executed on August 18, enter:
18
Month
Enter the month in which the bond is executed.
Year
Enter the appropriate year after the preprinted “20” portion.
The completed date should show the actual date on which the principal and surety execute the bond.
Principal Execution
Principal
Enter or execute the principal information on the line labeled Principal, as applicable to the bond.
The principal shown here should correspond with the same principal named at the beginning of the document.
By – Principal
The person authorized to execute the bond on behalf of the principal should complete the By line beneath the Principal section.
If the principal is an organization rather than an individual, the signer should be authorized to execute the bond for that organization.
Do not use a different business or principal name in this section.
Surety Execution
Surety
The surety should complete the line labeled Surety.
The surety name should match the name entered in the introductory section of the bond.
By – Surety
An authorized representative of the surety should complete the corresponding By line.
The person signing should be acting for the same surety identified elsewhere on the form.
Kentucky Resident Agent of Surety Company
Kentucky Resident Agent of Surety Company
Complete this line with the applicable Kentucky resident agent information for the surety company.
The resident agent information should correspond with the surety providing the bond.
Because the form is a legal bond document, verify with the surety that all applicable surety execution and resident-agent requirements have been completed before submission.
Understanding the Principal’s Responsibilities
The principal’s primary responsibility under the bond is to comply with the Kentucky law referenced by the form and to repay refunds to which the principal is not entitled.
The principal should therefore make sure that any aviation gasoline refund claims connected with the bond concern qualifying gasoline use.
The bond specifically describes gasoline used exclusively in aircraft motors connected with the operation of aircraft for transportation of persons and property.
Understanding the Surety’s Responsibilities
The surety joins the principal in the $1,000 obligation.
By executing the bond, the surety provides the security required under the terms of the document.
If the surety later chooses to terminate the bond, the form requires the surety to follow the 30-day advance written-notice procedure described above.
The surety should therefore make sure its legal name, address, authorized representative, and Kentucky resident-agent information are entered accurately.
Where To Return the Completed Bond
Return the completed bond to:
Department of Revenue
Motor Fuels Tax Compliance Section
P.O. Box 1303
Frankfort, Kentucky 40602-1303
Before sending it, review all identifying numbers, names, location information, and execution fields.
Department Approval Section
The bottom portion of the form contains an approval area for Department processing.
Approved
This area is used to record the Department’s approval and approval date. The applicant or surety should not complete it as though they were approving their own bond.
Approval Date
The approval area includes spaces for the date associated with the Department’s approval.
Leave these spaces for Department processing unless specifically instructed otherwise.
By
The approval section includes a line for the Department representative who approves the bond.
Supervisor, Motor Fuels Tax Compliance Section
This label identifies the Department official responsible for the approval area.
Common Kentucky Form 72A065 Mistakes to Avoid
A common mistake is entering different versions of the principal’s name in different sections. Use the same legal principal name throughout the bond.
Do not forget the Surety Bond Number or Permit Number at the top.
Make sure the principal’s city or town, county, and state are accurate.
Do not confuse the principal and surety. Their names and responsibilities are separate.
Enter the surety’s complete address in the correct field.
Repeat the principal’s name correctly in the bond-condition paragraph.
Do not overlook the execution day, month, or year.
Make sure both the principal and surety execution sections are completed by the appropriate parties.
Complete the Kentucky resident agent information when applicable.
Do not mistakenly treat the Department approval section at the bottom as another applicant signature area.
Also note that the surety termination provision requires 30 days’ advance notice by registered mail.
Final Review Before Filing
Before submitting Kentucky Form 72A065, verify that:
- The surety bond number is correct.
- The permit number is correct.
- The principal’s full legal name is entered accurately.
- The principal’s city or town is correct.
- The principal’s county is entered.
- The principal’s state is correct.
- The surety’s full legal name is accurate.
- The surety’s address is complete.
- The principal’s name is repeated correctly in the bond-condition section.
- You understand that the bond amount is $1,000.
- The bond concerns compliance with Kentucky Revised Statute 138.341(2).
- The aviation gasoline covered by the bond relates to the qualifying aircraft operation described on the form.
- The principal understands the requirement to repay any refund to which it is not entitled.
- The execution day is entered.
- The execution month is entered.
- The execution year is entered.
- The Principal section is completed.
- The principal’s authorized By line is completed as applicable.
- The Surety section is completed.
- The surety’s authorized By line is completed.
- Kentucky resident agent information is completed when applicable.
- The Department approval section has been left for Department processing.
- The completed bond is ready to be returned to the Kentucky Department of Revenue, Motor Fuels Tax Compliance Section, at the address shown on the form.