Cigarette Tax Surety Bond
Licensed tobacco wholesalers Required when: When a licensed wholesaler requests to purchase cigarette tax insignias on credit (deferred payment) or when the Department of Revenue, in its discretion, requires a bond to ensure payment of tobacco products tax. Exemptions: Wholesalers who pay cash for insignias and are no…
Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.
Amounts can vary
Selected requirement: "The bond amount is determined by the Department of Revenue and must be suffici…. Other available requirements: "The bond amount is determined by the Department of Revenue and must be sufficient to cover the tax on insignias purchased on credit (typically based on the wholesaler's estimated monthly tax liability).". Exact options still depend on the obligee, state, and underwriting.
