SUBCHAPTER 12D – KEROSENE INSPECTION TAX
SECTION .0100 – BOND REQUIREMENTS
17 NCAC 12D .0101 RESERVED
17 NCAC 12d .0102 aMOUNT OF bOND
REQUIRED
The amount of bond required of a kerosene distributor or a
kerosene supplier licensed under G.S. 119-16.2 is based on the kerosene
distributor's or supplier's average monthly taxable sales and use of kerosene
in North Carolina, as follows:
From 1 to
60,000 gallons per month $ 500
From 60,001 to
100,000 gallons per month 1,000
From 100,001 to
300,000 gallons per month 2,500
From 300,001 to
600,000 gallons per month 5,000
From 600,001 to
900,000 gallons per month 7,500
From 900,001 to 1,200,000
gallons per month 10,000
From 1,200,001 to 1,500,000
gallons per month 12,500
From 1,500,001 to 1,800,000
gallons per month 15,000
From 1,800,001 to 2,000,000
gallons per month 17,500
From 2,000,001 and
over gallons per month
20,000
History Note: Authority G.S. 105-262; 119-15.1;
119-15.3;
Eff. January 1, 1983;
Recodified from 17 NCAC 09J .0202 effective November 1,
2002;
Amended Eff.
August 1, 2003.
17 NCAC 12d .0103 ACCEPTANCE OF BONDS AND LETTERS OF
CREDIT
The Motor Fuels Tax Division accepts a surety bond, a bond
secured by collateral, or an irrevocable letter of credit from a kerosene
distributor or supplier in the same circumstances under which it accepts one of
these from a distributor licensed under G.S. 105, Article 36C.
History Note: Authority G.S. 105-262; 119-15.1;
Eff. January 1, 1983;
Amended Eff. August 1, 1998; January 1, 1992; October 1,
1992; March 1, 1987;
Recodified from 17 NCAC 09J .0203 effective November 1,
2002;
Amended Eff. August 1, 2003.