What is the Georgia Tobacco Distributors Tax Stamp Bond?
Tax stamps serve as evidence of the payment of excise taxes on a product, in this case, tobacco. Excise taxes are taxes typically paid at the manufacturer level instead of the retail level. The Georgia Tobacco Distributors Tax Stamp Bond guarantees payment for all tax stamps purchased by wholesalers and distributors of tobacco products in the state within the fiscal year.
Who needs a Tobacco Distributor Tax Stamp Bond in Georgia?
If you plan to operate as a manufacturer or distributor of tobacco products in Georgia, then you’ll need a Tobacco Wholesaler/Distributor License. You must have this tax stamp bond as a part of the licensing requirements. Not only that, but you’ll also need the Georgia Cigar, Cigarette, and Vapor Products Distributor License Performance and Tax Liability Bond, which you can learn more about here.
How much does the Tax Stamp Bond cost?
Like many bonds, the cost of this bond primarily depends on the credit of the individual applying. The premium (what you pay) is calculated as a percentage of the bond amount. When you apply for the bond, the surety company will analyze your credit using a soft credit check and assign you a premium rate. Higher credit equates to a lower premium rate. The smallest bond amounts can be issued for $100-$200, but this premium amount increases as the size of the bond amount increases.
The Georgia Department of Revenue is the obligee for the Georgia Tobacco Distributors Tax Stamp Bond. Their contact info is listed below:
Georgia Department of Revenue
1800 Century Boulevard, NE
Atlanta, GA 30345
The Georgia Tobacco Tax Stamp Bond has a bond amount that ranges from $1,000 up to $100,000, depending on each distributor’s requirements. It also has a one-year bond term, with specific term dates. This bond is effective the 1st of July and expires June 30th the following year.
Get your bond today
At EZ Surety Bonds, you can get a free quote for your Georgia Tobacco Distributors Tax Stamp Bond within 24 hours of applying. Simply fill out the form on our site and we’ll get back to you shortly with your quote. Have more questions? Reach out to our surety experts at firstname.lastname@example.org or 1-866-546-4605.
Frequently asked questions
To get the license to become a tobacco distributor in Georgia you must:
– Submit to a background investigation
– Pay the $250 licensing fee
– Obtain a Georgia Cigar & Cigarette Distributor License Bond, apply here
– Obtain a Georgia Tobacco Distributors Tax Stamp Bond
– Submit several documents to the Georgia Tax Center (including a Personnel Statement, Financial Affidavit, Proof of Citizenship, and more)
Yes, Georgia requires a tobacco license for manufacturers, wholesalers, distributors, importers, and retailers. The licensing fee for tobacco manufacturers, wholesalers, and distributors is $250. For retailers and dealers, the license fee is only $10 (plus another $10 if you sell vapor products).
When you’ve purchased your bond, you’ll want to file it with the obligee. You can file an electronic copy of your bond with the Georgia Department of Revenue. You’ll want to upload a copy of it to the Georgia Tax Center, along with a copy of your Cigar and Cigarette Distributor Bond. Keep in mind that we will mail out the original bond to you after you’ve purchased your bond. Please keep that original for your records.