Licensed cigarette distributors in North Carolina. Required when: Required as a condition of obtaining or maintaining a cigarette distributor's license to ensure payment of excise taxes. Exemptions: The Secretary of Revenue has the discretion to determine if a bond is required to adequately protect the State; an irrev…
Overview
What it is.
Licensed cigarette distributors in North Carolina. Required when: Required as a condition of obtaining or maintaining a cigarette distributor's license to ensure payment of excise taxes. Exemptions: The Secretary of Revenue has the discretion to determine if a bond is required to adequately protect the State; an irrev…
Who usually needs it
Licensed cigarette distributors in North Carolina.
Pricing & timing
What to expect.
Generic pricing
Tax bonds guarantee payment of taxes or compliance with tax regulations. Typical Pricing:. • Standard tax bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. • Credit check: Required for most tax bonds. Common types include sales tax bonds, fuel tax bonds, and cigarette/tobacco tax bonds. Quick approval is typical for applicants with good credit. Some tax bonds…
Typical timeframe
Credit-based approval — typically 1–2 business days
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateNCBond amountTwo times the distributor's average expected monthly tax liability; minimum of …Term lengthContinuousObligeeNorth Carolina Department of RevenueRenewalThe bond remains in effect continuously until canceled. The surety may be released from future liability by providing 60 days' written notice to the Department of Revenue. The associated distributor license must be rene…Bond classTax BondCategoryRetail & SalesBondTobacco Products Cigarettes Surety BondStatutory referenceN.C. Gen. Stat. § 105-113.13JurisdictionState
