US Laws, Codes, Statutes & Cases

Before any person engages in the purchase, import, sale, withdrawal or use of motor fuels, as herein defined, on which fuels the tax levied by this article has not been paid to a licensed distributor, they shall make application to the Department of Revenue upon forms prepared by the department for a license, and shall post a bond for a sum fixed by the Commissioner of Revenue to secure the payment of the tax hereby levied, this bond is to guarantee the prompt payment of all tax accruing hereunder and to include other reasonable conditions as the Commissioner of Revenue may require to the end that evasions of the tax imposed hereby may be prevented; provided, that this section shall not be construed to require a separate bond by persons bonded as provided in Sections 40-12-190 through 40-12-206. Motor fuel that is indelibly dyed and chemically marked in accordance with regulations issued by the Secretary of the Treasury of the United States under 26 U.S.C. §4082, is exempt from the provisions of this section.

(Acts 1939, No. 590, p. 958, §14; Code 1940, T. 51, §665(14); Acts 1951, No. 902, p. 1539, §7; Acts 1995, No. 95-410, p. 881, §1.)