New York 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 no credit check up to $10,000.
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How much does a New York cigarette stamp credit bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. 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 application.
Issued on the spot
No credit check up to $10,000.
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 underwriter queue. From $12,500, the check is a soft pull that never affects your score. Apply, pay a premium starting at $100, and file the executed bond the same day.
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. 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 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 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.
Price and requirements checked on the carrier’s application, . Page updated .
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.