ARM 18.15.603

18.10.124 IFTA LICENSE BOND REQUIREMENT (1) International Fuel Tax Agreement (IFTA) licensees, or others as determined by the department, will be required to post a bond equivalent to twice the licensees' estimated quarterly tax liability but not less than $500, in the event of non-compliance with the filing of a fuel tax return(s) and payment of fuel tax liability. The bond can be a surety, a certificate of deposit or cash. (2) Non-compliance that triggers the requirement for a licensee to post a bond is as follows: (a) three late quarterly filings in a three-year period; (b) non-payment of the tax liability of an IFTA quarterly tax return two or more times in a four-quarter period; or (c) the license was previously revoked, but has been reinstated. (3) The dollar amount of the bond will be increased by $500 for each additional non-compliance infraction. (4) The requirement for a bond will be removed and the bond released after three years if there has been timely compliance for those three years.