MS SB2600

Allows surety bonds for gasoline, special fuel, and lubricating oil distributors to exceed the $250,000 cap when distributors are more than one month delinquent and estimated taxes exceed that amount for a 90-day period, or more than three months delinquent and estimated taxes exceed it for a 180-day period.

Removes all references to "Class A" and "Class B" lubricating oil distributors, consolidating the distributor classifications into a single category.

Requires distributors of gasoline, special fuel, lubricating oil, and compressed gas to file monthly reports and payments electronically instead of by mail, with the same due date requirements.

Changes compressed gas distributor bond limits from $25,000 to allow increases beyond that amount under the same delinquency conditions as other fuel distributors.

Effective date is July 1, 2020.