NY cigarette stamp credit bond.
Individual. From $100.
The credit bond a sole-proprietor cigarette agent files with the New York State Department of Taxation and Finance to buy cigarette tax stamps on credit instead of cash. The penal sum is the amount the Tax Department sets for your credit line — premiums start at $100, and the application collects no credit information.
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Apply to filed in one sitting.
This credit bond is instant-issue — there is no underwriting queue. Here is the whole thing:
Apply online
Your name and sole-proprietor details, your cigarette agent license number, and the credit amount the Tax Department authorized — that is the entire application.
Issued on the spot
The application collects no credit information, and for most applicants there is no waiting — the executed credit bond is generated as soon as you pay.
File with the Department
Submit the executed bond to the Department of Taxation and Finance to activate your stamp credit line. Wet-ink originals mailed whenever the Department insists on them.
What it is and who needs it.
What the cigarette stamp credit bond actually covers
New York requires licensed cigarette agents to pay for cigarette tax stamps in cash unless they post security. Under the Tax Department's regulations, an agent may be permitted to pay for stamps within 30 days after purchase only after filing a credit bond — or depositing other acceptable security — with the Department.
This is the individual version of that bond, for a sole proprietor (rather than a corporation, LLC, or partnership) who holds the agent license. It guarantees the Department gets paid for any stamps you buy on credit and do not pay for — it secures the tax revenue, not your business.
The penal sum is the credit limit the Department authorizes for you; the regulations let the Department raise that amount whenever it judges an increase is needed to protect the revenue. The bond itself is instant-issue for most applicants: no financial statements, no credit section, no underwriter queue. Apply, pay a premium starting at $100, and file the executed bond the same day.
You need this bond if you are
One application, issued on the spot.
Submit the application with your credit amount and agent license number — the credit bond is generated instantly, ready to file with the Department of Taxation and Finance.
Start the application →Common questions.
Other New York bonds.
Stamp credit bond, issued today.
Instant issue for most, premiums from $100. File with the Department of Taxation and Finance the same day and start buying stamps on credit.