Taxi Cab Operators are eligible for a refund of 7/9 of the taxes paid on fuel. To receive a refund, you are required under the KRS 138.446 to file a Kentucky Taxicab Motor Fuel Tax Refund Bond as a condition of refund.
Bonds Express offers a Kentucky Taxicab Motor Fuel Tax Refund 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 Kentucky Taxicab Motor Fuel Tax Refund Bond holds you accountable for your business decisions.
By possessing a Kentucky Taxicab Motor Fuel Tax Refund Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.