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

Universal Citation: 17 NC Admin Code 12D .0102
Current through Register Vol. 38, No. 18, March 15, 2024

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.

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