Form 72A301, Motor Fuels License Bond, is a surety bond form used by businesses applying for or maintaining certain Kentucky motor fuels licenses. The bond guarantees that the licensed business will properly file required reports, pay applicable taxes, penalties, and interest, provide required information, maintain required records, and comply with motor fuels laws and regulations.

The bond creates an agreement between the business required to provide the bond, the surety company issuing the bond, and the Commonwealth of Kentucky. The business listed as the principal agrees to meet its tax reporting and payment obligations, while the surety company guarantees those obligations if the principal fails to comply.

Form 72A301 applies to specific motor fuels activities, including gasoline dealers, special fuels dealers, liquefied petroleum gas dealers, and motor fuels transporters. The applicant must select the applicable business activity covered by the bond.

A separate bond is required for each type of tax activity, and each bond must have its own surety bond number. New license applicants must submit the completed bond together with Form 72A300, Tax Registration Application for Motor Fuels License.

How To File Form 72A301

Before completing Form 72A301, the applicant should obtain a bond from a surety company authorized to conduct surety business in Kentucky. The bond must be executed by an approved surety corporation.

Prepare the following information before completing the form:

• Surety bond number.
• Effective date of bond issuance.
• Legal name of the principal business.
• Surety company name.
• Bond amount.
• Motor fuels license activity covered by the bond.
• Names and signatures of required business representatives.
• Surety representative information.
• Mailing addresses for the principal and surety company.

All documents should be mailed to the Kentucky Department of Revenue, Motor Fuels Tax Compliance Section, P.O. Box 1303, Station 63, Frankfort, Kentucky 40602-1303.

How To Complete Form 72A301

Bond Information Section

Surety Company Bond Number
Enter the identification number assigned to the bond by the surety company. Each bond covering a different tax activity must have a separate bond number.

Effective Date Of Issuance
Enter the date the bond becomes effective.

Principal Name
Enter the legal name of the business that is required to provide the bond. The correct principal name depends on the type of business entity:

• For a sole proprietorship, use the individual owner’s name.
• For a partnership, use the partnership’s legal name.
• For a corporation, use the corporate name registered with the Kentucky Secretary of State.

Surety Name
Enter the legal name of the surety company issuing the bond.

Bond Amount
Enter the dollar amount of the bond required for the specific motor fuels activity. The required amount depends on the type of license and whether the bond is for a new license or a replacement bond.

License Activity Selection

Select only one license activity covered by the bond.

Gasoline Dealer License
Select this option if the bond covers a gasoline dealer license under Kentucky motor fuels laws.

Special Fuels Dealer License
Select this option if the bond covers a special fuels dealer license.

Liquefied Petroleum Gas Dealer License
Select this option if the bond covers a liquefied petroleum gas dealer license.

Motor Fuels Transporter License
Select this option if the bond covers a motor fuels transporter license.

Bond Agreement Requirements

Tax Reporting And Payment Obligation
The principal must properly pay taxes, penalties, and interest owed to Kentucky and submit required monthly reports.

Records Maintenance Requirement
The principal must maintain records, documents, and files required by the Department of Revenue and make them available for inspection.

Compliance Requirement
The principal must comply with applicable laws and regulations related to the motor fuels license activity.

Bond Termination
The surety company may terminate the bond by providing written notice to the Department of Revenue through certified or registered mail. The termination becomes effective after the required notice period.

Signature Section

Principal Signature
The owner, partner, or corporate officer responsible for the business must sign the bond as the principal.

Principal Name
Enter the name of the business responsible for the bond obligation.

Surety Authorized Representative Signature
The authorized representative of the surety company must sign the bond.

Additional Partner Signatures
If applicable, additional partners must sign the bond.

Surety Company Kentucky Resident Agent
Enter the information for the surety company’s Kentucky resident agent.

Principal Mailing Address
Provide the principal’s address, including street or highway, city, state, and ZIP code.

Surety Company Mailing Address
Provide the surety company’s mailing address, including street or highway, city, state, and ZIP code.

Bond Amount Requirements

Gasoline Dealer License Bond

New License Bond Amount
For a new gasoline dealer license, the bond amount must be either:

• At least $5,000; or
• An estimated three months of gasoline excise tax liability, subject to review by the Department of Revenue.

Replacement Bond Amount
For replacement bonds, the Department of Revenue determines the applicable amount. Options include:

• Minimum $5,000.
• Calculated three months of gasoline excise tax liability.
• Calculated two months of gasoline excise tax liability for dealers electing exemption.

Special Fuels Dealer License Bond

New License Bond Amount
For a new special fuels dealer license, the bond amount must be either:

• At least $5,000; or
• An estimated three months of special fuels tax liability, subject to Department of Revenue review.

Replacement Bond Amount
Replacement bond amounts are determined by the Department of Revenue and may include:

• Minimum $5,000.
• Calculated three months of special fuels excise tax liability.
• Calculated two months of special fuels excise tax liability for dealers electing exemption.

Liquefied Petroleum Gas Dealer License Bond

New License Bond Amount
For a new liquefied petroleum gas dealer license, the bond amount must be either:

• At least $500; or
• An estimated four months of liquefied petroleum gas tax liability, not exceeding $50,000.

Replacement Bond Amount
Replacement bonds are determined by the Department of Revenue and may be:

• Minimum $500.
• Calculated four months of liquefied petroleum gas tax liability, not exceeding $50,000.

Motor Fuels Transporter License Bond

Transporter Bond Amount
All new licenses and replacement bonds for motor fuels transporters are executed in the amount of $5,000.

Final Review Before Filing

Before submitting Form 72A301, confirm that:

• The correct license activity is selected.
• The principal name matches the legal business entity.
• The surety company is authorized to issue bonds in Kentucky.
• The bond number and effective date are completed.
• The bond amount meets the required amount for the license type.
• All required signatures are included.
• Principal and surety addresses are complete.
• The bond is submitted with Form 72A300 if required for a new license application.
• The completed bond is mailed to the Kentucky Department of Revenue at the required address.

A properly completed Form 72A301 ensures that the motor fuels license applicant provides the required financial security for tax reporting, payment obligations, and compliance with Kentucky motor fuels requirements.