Surety bonds and motor fuel assessments; filing period for new or replacement surety bonds extended, payment period for assessments on illegally imported or transported motor fuels extended

HB 114 extends two key deadlines for businesses handling motor fuels in Alabama. It increases the filing period for new or replacement surety bonds from 30 to 60 days after notification by the Alabama Department of Revenue, affecting natural gas sellers, fuel suppliers, importers, and distributors. It also extends the payment period for assessments (fines) on illegally imported or transported motor fuels from 30 to 60 days. The bill makes no substantive policy changes but updates existing code language to reflect these extended timeframes. This applies directly to licensed entities required to maintain financial security bonds under Alabama tax law.