These types of surety bonds are financial guarantees required by the government in order to ensure that sellers of tobacco pay requisite taxes.
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Current Market for Cigarette Tax Bonds: In recent years, many bond companies have been forced to closely examine Cigarette Tax Bonds, since they are in fact financial guarantees. Bonding companies have subsequently adopted more conservative approaches to writing such bonds. Large surety bond companies are usually willing to offer such bonds, but typically exercise more caution than they would for a more traditional bond type with lower risk. Our company works closely with a number of bonding companies that are willing to write this type of surety bond more frequently and liberally than others in the surety bond industry.
Bad Credit Surety Bond Programs: If you are concerned about a low credit score, and would like more information on high risk programs, see our section on Bad Credit Surety Bonds. It is important to note that Bad Credit Surety Bond Programs are only offered for Commercial Bonds, such as Cigarette Tax Bonds, and are not offered for Contract Bonds.