The bond a licensed cigarette agent files with the Department of Taxation and Finance to buy tax stamps on credit instead of paying cash up front. The penal sum is the credit line the department grants you — priced at a flat 3%, $275 minimum, issued the same day. This is the corporation version.
















This bond is instant-issue on our form — there is no underwriting queue to wait in. Here is the whole thing:
Your corporation details and the bond amount — the credit line the Department of Taxation and Finance has granted for stamp purchases. That is the entire application.
There is no credit check and no waiting on this form — the executed bond is generated as soon as you pay. If the department later raises your credit line, you increase the bond to match.
Submit the executed credit bond to the Department of Taxation and Finance to establish or maintain your 30-day stamp credit. Wet-ink originals mailed whenever the department insists on them.
Bond amount × 3% = your premium, one-time, $275 minimum. The amount is whatever credit line the department has sanctioned — a $10,000 line lands above the minimum at $300.
New York taxes cigarettes by way of stamps that licensed agents affix to each pack. Normally an agent pays for those stamps in cash at the time of purchase. Under Tax Law Article 20, the Department of Taxation and Finance may instead let an agent buy stamps on credit — paying within 30 days — provided the agent files a credit bond securing that balance.
The penal sum is not fixed by statute. It is the credit line the department sanctions for your account, set to cover the stamp tax you may owe at any one time. If the department raises your credit line, it can require the bond amount to rise with it — enter whatever figure your account currently carries.
Because this is a statutory financial-guarantee bond on our form, it is instant-issue: no financial statements, no credit check, no underwriter queue. You apply, pay 3% ($275 minimum), and file the executed bond with Tax & Finance the same day. This is the version for a corporation.
Submit the application with your corporation details and credit-line amount — the executed bond is generated instantly, ready to file with the Department of Taxation and Finance.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
Five-minute application, instant issue, flat 3% with a $275 minimum. File with the Department of Taxation and Finance the same day.