Form 72A071 is the Kentucky Department of Revenue Motor Fuels Tax Refund Bond used by qualifying transportation operators who receive motor fuel tax refunds for certain fuel used in their operations. The bond applies to city and suburban buses, nonprofit buses, senior citizen transportation services, and taxicabs that transport passengers.
The purpose of this bond is to guarantee that the applicant follows Kentucky motor fuel tax refund requirements and repays any refunds received that the applicant was not entitled to claim. The form creates an agreement between the principal, the surety company, and the Commonwealth of Kentucky. The principal and surety become responsible for compliance with the applicable requirements under Kentucky Revised Statute 138.446.
Applicants complete this bond when they are engaged in, or preparing to engage in, qualifying transportation operations and intend to apply for refunds of taxes paid on motor fuel used exclusively in regularly scheduled operations.
How To File Form 72A071
Form 72A071 is completed as a bond agreement and requires information from both the applicant and the surety company. Before completing the form, prepare:
- The legal name and address of the principal applicant.
- The surety company’s legal name and address.
- The required bond amount.
- The permit number, if assigned.
- The names and signatures of authorized representatives.
The completed bond must be submitted as part of the motor fuels tax refund approval process. The form identifies the Kentucky Department of Revenue as the party receiving the bond obligation and includes approval information from the Motor Fuels Tax Compliance Section.
How To Complete Form 72A071
Bond Parties Information
Name Of Principal
Enter the full legal name of the person, business, or organization responsible for the motor fuel tax refund application. The principal is the party receiving the benefit of the refund program and agreeing to comply with Kentucky requirements.
Principal Address
Provide the complete address of the principal, including street information, county, state, and ZIP code.
Name Of Surety
Enter the legal name of the surety company guaranteeing the bond obligation.
Surety Address
Provide the surety company’s complete address, including street information, county, state, and ZIP code.
Bond Amount
Enter the dollar amount of the bond. The principal and surety are responsible for the amount stated in the bond agreement.
Bond Conditions
Compliance With Kentucky Motor Fuel Refund Requirements
The principal agrees to follow the requirements of Kentucky Revised Statute 138.446 and properly claim eligible motor fuel tax refunds.
Refund Repayment Requirement
If the principal receives refunds that they were not entitled to receive, the bond requires repayment of those amounts to the Commonwealth of Kentucky.
Bond Termination Notice
The surety may terminate the bond by providing written notice to the department and principal through registered mail at least 60 days in advance.
Transportation Operation Requirements
Qualifying Transportation Activity
The bond applies to operators involved in city and suburban buses, nonprofit buses, senior citizen transportation, or taxicabs used for transporting passengers.
Eligible Fuel Use
The refund applies to motor fuel used exclusively in regularly scheduled operations that qualify under the applicable requirements. The form states that eligible operators may receive a refund of seven-ninths (7/9) of the tax paid on qualifying motor fuel.
Execution And Signature Section
Bond Date
Enter the date the bond agreement is signed.
Principal Signature
The authorized representative of the principal must sign the bond agreement.
Surety Signature
An authorized representative of the surety company must sign the bond.
Owner Or President
Provide the signature or information for the principal’s owner or president.
Secretary
Provide the required secretary information when applicable.
Kentucky Resident Agent Of Surety Company
Provide the required resident agent information for the surety company.
Approval And Identification Information
Approval Date
This section is used for approval information and includes the approval date field.
Surety Bond Number
Enter the identification number assigned to the bond.
Permit Number
Enter the applicable permit number associated with the motor fuels tax refund program.
Name Of Principal
Enter the principal’s name for identification purposes.
Name Of Surety Company
Provide the official name of the surety company issuing the bond.
Supervisor, Motor Fuels Tax Compliance Section
This section is reserved for the department’s approval authority.
Final Review Before Filing
Before submitting Form 72A071, verify the following:
- Confirm the principal’s legal name and address are correct.
- Verify the surety company information is complete.
- Check that the bond amount is entered correctly.
- Confirm the transportation operation qualifies for the refund bond requirement.
- Review all signatures and dates.
- Make sure the surety bond number and permit number are included if available.
- Confirm that the bond agreement reflects the applicant’s responsibility to repay improper refunds.
- Ensure the completed bond is submitted through the appropriate Kentucky Department of Revenue process.
A properly completed Form 72A071 helps qualifying transportation operators maintain compliance with Kentucky motor fuel tax refund requirements and provides the required financial guarantee for refund claims.