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South Carolina tobacco tax bonds.
From $100.

The bond a South Carolina tobacco distributor posts with the Department of Revenue to buy cigarette tax stamps on 30-day credit. The amount tracks your stamp volume — pricing starts from $100, and your exact price appears at the application.

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Lets a distributor buy cigarette tax stamps on 30-day credit under S.C. Code Title 12, Chapter 21
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Amount equals 110% of your estimated 30-day tax liability, not less than $2,000
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From $100 — priced at 1% of the bond amount, $100 minimum; enter your required bond amount to see your price
From $1001% of the bond amount, $100 minimumNo credit check up to $10,000above that, a soft pull at most, never a hard inquiryFastinstant underwriting
Trusted by industry leaders
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
Price

How much does a South Carolina tobacco tax bond cost?

1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.

How it works

Three steps. One sitting.

No underwriting queue for the standard tobacco bond — enter your amount, pay, and file with the Department of Revenue. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, the bond amount your stamp volume requires, and the effective date — that is the application.

INSTANTLY

Issued on the spot

No credit check up to $10,000. The executed bond is generated as soon as you pay. Above $10,000, a soft pull may add a short review.

SAME DAY

File with the Department of Revenue

Submit the executed bond to set up your 30-day stamp credit with the Department of Revenue. Wet-ink originals mailed whenever the state insists on them.

About this bond

What it is and who needs it.

What the tobacco bond actually covers

South Carolina taxes cigarettes and other tobacco products under S.C. Code Title 12, Chapter 21, administered by the Department of Revenue. As of January 1, 2019, a bond is not required simply to hold a cigarette tax stamp or other-tobacco-products account.

A bond comes in when a distributor wants to buy cigarette tax stamps on a 30-day credit period instead of paying up front. To do that, the distributor executes a bond with a surety qualified in South Carolina, in an amount equal to 110% of the distributor’s estimated 30-day tax liability, but not less than $2,000.

The bond guarantees that the distributor pays each month’s stamp liability — due by the 20th of the following month — so the State is secured on credit purchases. If you fail to pay, the Department can recover against the bond, and if the surety pays, you repay the surety. Enter the amount your stamp volume requires, and we issue it at a price starting from $100 — no credit check up to $10,000.

S.C. Code Title 12, Chapter 21 (Department of Revenue)Under S.C. Code Title 12, Chapter 21 and the Department of Revenue’s cigarette stamp rules, a bond is not required merely to hold a cigarette or other-tobacco-products tax account (as of January 1, 2019). A distributor may buy cigarette tax stamps on a 30-day credit period provided a bond is executed with a qualified surety in an amount equal to 110% of the distributor’s estimated 30-day tax liability, not less than $2,000, with each month’s liability due by the 20th of the following month. Confirm your required amount with the Department.

You need this bond if you are

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A cigarette distributor buying tax stamps on a 30-day credit period
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Setting up stamp credit with the Department of Revenue instead of prepaying
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Increasing your stamp volume and re-sizing the bond to 110% of your new 30-day liability
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Reinstating credit terms after a payment lapse reset your bond requirement
After you buy

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. Submit the executed bond to set up your 30-day stamp credit with the Department of Revenue. Wet-ink originals mailed whenever the state 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 required bond amount — the executed bond is generated instantly, ready to file with the Department of Revenue.

Start the application →
FAQ

Common questions.

How much is the South Carolina tobacco tax bond?Pricing is variable and starts from $100 — it depends on the bond amount, which equals 110% of your estimated 30-day tax liability, not less than $2,000, so it scales with your stamp volume. Pricing is 1% of the bond amount, with a $100 minimum; enter that figure and your exact price appears at the application.
Do I need this bond to hold a tobacco account?No. As of January 1, 2019 a bond is not required just to hold a cigarette or other-tobacco-products tax account. You need it only if you want to buy cigarette tax stamps on a 30-day credit period rather than paying up front.
Is there a credit check?No credit check up to $10,000. Above that, the carrier may run a soft pull, which never affects your score. Most applications approve instantly.
How is the bond amount calculated?It is 110% of your estimated tax liability for a 30-day period, with a $2,000 floor. As your stamp volume changes, the Department re-sizes the bond — we re-issue at the new amount.
When is the credit payment due?For credit stamp purchases, each calendar month’s liability is due by the 20th of the following month. The bond guarantees that payment, which is why the Department secures credit distributors this way.
Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.
How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.
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Price and requirements checked on the carrier’s application, . Page updated .

Tobacco tax bond, issued today.

Pricing from $100. Enter your required amount and file with the Department of Revenue the same day.

Your premiumfrom $100
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