North Carolina Administrative Code
Title 17 - REVENUE
Chapter 12 - MOTOR FUEL
Subchapter D - KEROSENE INSPECTION TAX
Section .0100 - BOND REQUIREMENTS
Section 12D .0102 - AMOUNT OF BOND REQUIRED
The amount of bond required of a licensed kerosene distributor or a kerosene supplier pursuant to G.S. 119-15.3 shall be 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 |
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;
Readopted Eff. November 1, 2017.