Details for current Florida tobacco-distributor security

The current statute specifies a $25,000 initial corporate surety bond from an authorized surety in a Division-prescribed form. ABT reviews adequacy semiannually and may increase security before renewal or after that review.

The statute ties a possible increase and renewal amount to the distributor's highest month of final audited tax liabilities, penalties and accrued interest. Obtain ABT's actual written requirement; neither a flat initial sum for every renewal nor the old package's $1,000 entry settles it.

A reduction requires ABT's good-cause determination. The statute describes at least four years of responsible reporting/payment and monthly audited exposure below the bond. Default, unresolved criminal or administrative proceedings and specified pending investigations can prevent reduction; four years passing alone does not release security.

A separate license application is required for each business place, but section 210.40(7) permits one corporate surety bond in a Division-determined amount for all the distributor's applications. Do not assume each location automatically multiplies the initial sum or that a single bond is accepted without ABT's determination.

Select the tobacco-products distributor classification and Part II condition on the accepted instrument. The posted ABT-6032 model has sixty days' written surety-cancellation notice to the Division and preserves covered earlier acts. Complete the sworn application, required execution and properly certified surety-agent power of attorney using current filing directions.

Purchase Now opens Propeller's Florida tobacco-distributor application in a new tab. Match the TWD applicant, places of business, current ABT-assigned sum and accepted period, then complete security/license filing and tax-reporting steps. Provider payment does not issue the license, approve a reduction or settle tax liabilities.