Kentucky Fed Tobacco | $25,000 Fed Tobacco Surety Bond
Also known as: fed tobacco bond
Type of Bond
A Kentucky tobacco bond, also known as a Kentucky tobacco tax bond, is a type of surety bond that may be required by the Kentucky Department of Revenue from individuals or businesses engaged in the manufacturing, distribution, or sale of tobacco products within the state. The purpose of a Kentucky tobacco bond is to provide financial protection to the state and ensure compliance with tax laws and regulations related to the sale and distribution of tobacco products. It guarantees that the bonded party will accurately report and remit the required tobacco taxes in a timely manner. By obtaining this bond, the tobacco manufacturer, distributor, or seller assures the state that they will fulfill their tax obligations, including accurately calculating and reporting tobacco taxes, obtaining the necessary licenses and permits, and adhering to applicable regulations. If the bonded party fails to comply with the tax laws, violates any regulations, or fails to remit the required taxes on tobacco products, a claim can be made against the bond. If the claim is valid, the bond provides financial compensation to cover any unpaid taxes or resulting damages incurred by the state. The purpose of the Kentucky tobacco bond is to safeguard the state's tax revenue, ensure fair competition in the tobacco industry, and promote compliance with tax regulations. The bond serves as a form of recourse for the state to seek compensation in case of non-compliance or negligence by the bonded party. It contributes to the overall integrity and effectiveness of tobacco tax enforcement in Kentucky.
Program
The price you'll pay for your $25,000 Fed Tobacco Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $25,000 Fed Tobacco Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $25,000 Fed Tobacco Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Fed Tobacco Bond Application process.
The Kentucky Fed Tobacco Bond amount is currently set at $25,000.
Obligee Information
An obligee is the entity that is requiring you to have the Fed Tobacco bond.
Obligee: Us Department Of Treasury Alcohol Ad Tobacco Tax And Trade Bureau
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!