West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-14C - Motor Fuel Excise Tax
Section 110-14C-5 - Licensure; Bond
Universal Citation: 110 WV Code of State Rules 110-14C-5
Current through Register Vol. XLI, No. 38, September 20, 2024
5.1. Licensure is required for a producer or manufacturer, an alternative-fuel bulk end user, a provider of alternative fuel, a retailer of alternative fuel as well as a supplier including a refiner, a permissive supplier, an importer, an exporter, a terminal operator, a blender, a motor fuel transporter, or a distributor.
5.1.a. A person must have the applicable
license for each of the above activities prior to beginning the activity in
this state.
5.1.b. A person engaged
in more than one of the above activities, must have a separate license for each
activity, unless determined otherwise by the Tax Commissioner.
5.2. The requirements for cash bonds, continuous surety bonds and proof of financial responsibility acceptable to the Tax Commissioner are set forth in W. Va. Code § 11-14C-13.
5.2.a. The Tax Commissioner may require a
taxpayer to file an additional amount where a bond is initially required or to
file a bond where no initial bond is required. The taxpayer must comply within
30 days of the Tax Commissioner's notice.
5.2.b. Bond is not initially required in
order to obtain a license as a producer or manufacturer, an alternative-fuel
bulk end user, a provider of alternative fuel or a retailer of alternative
fuel. If a taxpayer fails to file a return, fails to timely remit all the tax
due, or fails to comply with W. Va. Code §
11-14C-1et
seq. the Tax Commissioner may require a bond in an amount to be
determined by the Tax Commissioner. The taxpayer has 30 days to comply with the
Tax Commissioner's notification.
Disclaimer: These regulations may not be the most recent version. West Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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