Mississippi wholesale tobacco dealer bonds.
From $100.
A licensed wholesale dealer in taxable tobaccos can have Mississippi tax stamps consigned without advance payment, but only against a surety bond given to the Commissioner under Miss. Code Ann. § 27-69-75. The Department of Revenue sets the amount; premiums cost 1% of the bond amount, with a $100 minimum.
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How much does a Mississippi wholesale tobacco dealer bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for a standard stamp-consignment bond — enter the amount the DOR set, pay, and file. Here is the whole thing:
Apply online
Your business details, the bond amount the Department of Revenue set, and an effective date. That is the application. No credit check up to $10,000.
Issued
No credit check up to $10,000, and most applications approve instantly — the bond issues the moment you pay. Larger amounts may get a brief look first.
File with the Department of Revenue
Your executed bond and power of attorney arrive by email on Form 99-940, ready to file with the Department so stamps can be consigned to you. The Department approves the bond on its face before consignment starts.
What it is and who needs it.
What the wholesale tobacco bond actually guarantees
Mississippi collects its tobacco excise through stamps, and the Tobacco Tax Law (Miss. Code Ann. Title 27, Chapter 69) makes the licensed wholesale dealer the party who buys and affixes them. Wholesalers entitled to the stamp discount can have stamps consigned to them without advance payment — a real working-capital advantage, since stamp inventory on a full truckload is not a small number — and § 27-69-75 is the provision that allows it.
The condition is the bond. The statute requires the wholesaler to give the Commissioner a good and sufficient bond executed by a surety company authorized to do business in this state, conditioned to secure the payment for the stamps so consigned, and the Commissioner must require payment for those stamps no later than 30 days from the date they were consigned. On the Department’s Form 99-940, the obligation runs to the State of Mississippi and is discharged only if the principal pays and accounts for every stamp consigned, when and as the law requires.
There is no statutory dollar figure — the Commissioner sizes the bond to the exposure, and the form lets the amount be increased or decreased by rider subject to the Commissioner’s approval, so it moves with your volume rather than being reset from scratch. The surety may cancel on 60 days’ written notice to the Department, and cancellation does not relieve principal or surety of liability for a default that happened first. Enter the figure the Department set for you; premiums cost 1% of the bond amount, with a $100 minimum.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Department of Revenue. Your executed bond and power of attorney arrive by email on Form 99-940, ready to file with the Department so stamps can be consigned to you. The Department approves the bond on its face before consignment starts.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $10,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields. Enter the bond amount the Department of Revenue set for your consignment and your price — from a $100 minimum — is set at the application.
Start the application →Common questions.
Other Mississippi bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Get your stamps on consignment.
Premiums from $100, no credit check up to $10,000. Enter the amount the Department set and file the same day. Free until issued.