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K.A.R. 92-3-17a

License applications; bond requirements.

Official textus-ks/regssos.ks.gov
Summarize

# (a)

Each applicant for a distributor, importer, or manufacturer license shall post a bond equal to a three months’ average tax liability.
New businesses may submit a bond equal to 25% of its estimated tax liability for a 12-month period. The bond shall not be less than the minimum required by statute. The bond requirements shall be met before a license is granted. The bond may be a surety bond executed by an approved corporate surety or a cash bond. Either a cashier’s check payable to the director or an escrow account with a Kansas bank shall be used for a cash bond.

# (b)

The director may reduce the required bond to an amount equal to two months’ tax liability, but not less than the minimum required by statute, in consideration of a satisfactory reporting history consisting of the prior 12 months in which there were no delinquencies or returned checks.

# (c)

Motor fuel tax bonds and financial statements shall be reviewed periodically by the director. The director may require an additional bond or a current certified financial statement if:

# (1)

the existing bond or financial statement is not sufficient to meet the current average three months’ tax liability; or

# (2)

the licensee is not promptly filing or paying tax; or

# (3)

the corporate surety is no longer an approved surety. The licensee shall supply the additional bond or certified financial statement within 60 days of receiving notification. Notice shall be 92-3-19 DEPARTMENT OF REVENUE deemed received three days after depositing it in United States mail, postage prepaid. (Authorized by K.S.A. 79-3419; implementing K.S.A. 79-3403, 79-3405; effective May 1, 1986.)

Source: official source document (2022 KAR Book 4, Kansas Secretary of State)

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In this article (21 sections)
  1. 92-3-4 · Export fuels; exemption claims.
  2. 92-3-5 · 92-3-5
  3. 92-3-6 · Marking of vehicles transporting liquid fuels.
  4. 92-3-7 · Vehicles; separate delivery apparatus for each compartment;…
  5. 92-3-8 · 92-3-8
  6. 92-3-9 · 92-3-9
  7. 92-3-9a · Delivery to one other than original consignee.
  8. 92-3-10 · Measuring vehicle tanks; vehicles affected; capacity marker;…
  9. 92-3-11 · Vehicle tanks; marking capacity; identifying tank;…
  10. 92-3-12 · 92-3-12
  11. 92-3-12a · Vehicle tanks; re-marking when damaged.
  12. 92-3-13 · 92-3-13
  13. 92-3-14 · Calibration unit number.
  14. 92-3-15 · 92-3-15
  15. 92-3-16 · Books and records; preservation.
  16. 92-3-17 · 92-3-17
  17. 92-3-17a · License applications; bond requirements.
  18. 92-3-19 · Principal business for handling allowance.
  19. 92-3-20 · Refunds, books and records.
  20. 94-3-1 · Definition of terms.
  21. 94-3-2 · Filing, fees, and forms.
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