This bond is required by the State of Alabama Department of Revenue. Under Section 40-25-5 of the Alabama State Code, the bond allows the wholesaler/jobber to defer the payment of stamps purchased in one month to the twentieth (20th) of the next month. Purchases cannot exceed the amount of the bond. Without this bond, payment of stamps must be made at the time of purchase. The effective date of the bond is the date that the bond is approved by the Department’s Legal Division. This is the date that permitted wholesalers may purchase stamps on consignment. The required bond amount is determined by the Department of Revenue. To determine the cost of this bond, simply complete our easy online application.
To Secure an Alabama Tobacco Consignment Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.