The Tennessee Tobacco Tax Stamp Agent Bond is required by the Commissioner of Revenue of Tennessee. The bond requirement states that the bondholder, or Principal, shall faithfully perform the duties upon him and comply with all of the laws of the Tobacco Tax Law as well as promptly and properly account to the State of Tennessee for the distribution of all stamped and unstamped tobacco products and pay over all monies, interest and penalties which may be assessed against them for improper or illegal affixing of tax revenue stamps.
There is no set bond amount. Agents should file a bond for each separate location or place of business in the amount of $100 for each $10,000 of the tax liability on an average month’s purchases of tobacco. The minimum bond amount is set at $2,000. Take note that those looking to obtain a tobacco manufacturer’s warehouse license must file a $20,000 surety bond.
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.