Motor Fuel Applicants who receive certain petroleum products are subject to the Underground Storage Tank Tax and the Environmental Impact Fee. In addition to the Illinois Business Registration Application, applicants must also procure an Illinois Storage Tank Bond under 35 ILCS 505/3.
Bonds Express offers an Illinois Storage Tank Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Illinois Storage Tank Bond holds you accountable for your business decisions.
By possessing an Illinois Storage Tank Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.