Tobacco Tax Credit Bond
Wholesalers (certified distributors) of tobacco products who wish to purchase tobacco tax stamps on credit rather than paying cash at the time of purchase. Required when: Required when a licensed wholesaler applies to establish a charge account (credit) with the Department of Revenue Administration to pay for tobacco …
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 wholesaler based on their desired credit …. Other available requirements: "The bond amount is determined by the wholesaler based on their desired credit limit; however, the aggregate amount of stamp purchases charged by a wholesaler shall not exceed 75% of the wholesaler's bond amount (effectively requiring a bo…. Exact options still depend on the obligee, state, and underwriting.
