Mississippi Wholesale Tobacco Dealer Bond Guide
If you’re applying for a wholesale cigarette distributor permit in Mississippi, you’ll need this surety bond.
Bond Overview
- Purpose: To guarantee payment for excise cigarette and tobacco taxes
- Who Needs It: Wholesale tobacco distributors
- Regulating Body: The Mississippi Department of Revenue
- Required Coverage: Varies based on tax liability
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Mississippi Wholesale Tobacco Dealer Bond?
A Mississippi wholesale tobacco dealer bond holds distributors and wholesalers financially liable for paying cigarette taxes, fines and fees.
The Mississippi Department of Revenue requires this bond as part of the permitting process for cigarette distributors in the state. The DOR will determine your required bond amount based on excise tax liability.
How Much Do Wholesale Tobacco Dealer Bonds Cost in Mississippi?
Mississippi wholesale tobacco dealer bonds cost a small percentage of the bond amount, typically 1–10%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Mississippi wholesale tobacco dealer bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file the bond with the Department of Revenue as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Mississippi Wholesale Tobacco Dealer Bond Work?
As with all surety bonds, a wholesale tobacco dealer bond creates a legal contract between three parties:
- Principal: You, the cigarette wholesale distributor filing the bond
- Obligee: The Mississippi Department of Revenue requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Title 27, Chapter 69, Mississippi Code.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your wholesale tobacco dealer bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
