Who needs to file a New York Cigarette Stamp Bond?
The New York Cigarette Stamp Bond is required by the New York Commissioner of Finance. In accordance with Chapter 13 of Title 11 of the Administrative Code of the City of New York. The bond states that the bondholder will pay to the Commissioner of Finance of the City of New York, its fiscal agent, or any fiscal sub-agents for all stamps purchased. Including penalties and interest, within 30 days after the date of the purchase. The bond amount will vary from business to business.
The cigarette stamp bond may be required before a business can be licensed to distribute cigarettes in the state. A business may apply as a wholesale or retail dealer. According to the Administrative Code Title 11 Chapter 13, a wholesale cigarette license must be filed with the commissioner of finance. A retail cigarette stamp license must be filed with the commissioner of consumer affairs.
How do I obtain a New York Cigarette Stamp 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 the paperwork is completed, the premium has been paid and processed. The bond will be issued and sent out in a timely manner. We offer shipping via USPS Priority Mail or your preferred expedited shipping method(for an additional cost).
The surety bond experts at Surety Solutions Insurance Services, Inc. (Surety1), are available to help you. The process has never been easier with Surety1, we work with over a dozen “A” rated surety markets. This ensures that we will 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.