COMAR 03.03.04.03 — § 3 Surety Bond.

.03 Surety Bond.
A.
The Comptroller may require an applicant for an IFTA license to post a surety bond if an examination of the applicant's prior filing history indicates:
(1)
The applicant has failed to file a quarterly return;
(2)
The applicant has failed to pay required tax; or
(3)
A financial guarantee is necessary to protect the interest of the State or other IFTA jurisdiction.
B.
The applicant shall post a bond in an amount equal to the estimated average annual net tax due to IFTA member jurisdictions rounded to the next even $1,000.
C.
Bond amounts may be adjusted at the discretion of the Comptroller to insure compliance with the IFTA requirements.