Bill > HB114

This bill extends the timeframe for businesses to file new or replacement surety bonds and to pay assessments on illegally imported or transported motor fuels. Specifically, it increases the period from 30 days to 60 days for licensees to provide a new or additional surety bond when required by the department, or to appeal such a requirement to the Alabama Tax Tribunal. This extension also applies when a surety company intends to cancel an existing bond, giving the licensee 60 days to secure a replacement bond. Furthermore, if motor fuel is found to be illegally imported or transported, and the associated tax assessment is not paid, the bill extends the period from 30 to 60 days before the commissioner can sell the fuel to satisfy the debt. These changes aim to provide businesses with more time to comply with bonding and tax payment requirements related to motor fuels.

Government Affairs

https://alison.legislature.state.al.us/bill-search