New York — Cigarette Stamp Tax Credit (Individual) Bond
If New York State requests security for an individual cigarette agent's stamp credit, use the individual's legal applicant name and approved credit terms. A corporate applicant belongs on its own requested undertaking.
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- Recorded state
- New York
- Bond type
- Cigarette / Tobacco Tax Bond
- Category
- Business operations & taxes
What this bond does
Match the State Tax Department's cigarette-agent security request under section 472 of the Tax Law. Approval to buy stamps on credit is separate from paying for the bond.
- Who needs it
- Individuals responding to New York State cigarette-agent/stamp-credit security requirements. A wholesale-dealer license alone does not establish the agent's credit authorization.
- Who it protects
- When required, section 472 security covers payment of any sums due from the agent under Article 20. The protected obligation is New York State's cigarette-tax revenue, not a guarantee of the individual's business debts.
Your bond option
This is the option on record for this bond.
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The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- New York Legislature — completeStateTax472, reused and targetedly checked (opens in a new tab)Checked October 27, 2026
Have these ready
- Individual's legal name, trade name if applicable and State agent account.
- State security request and assigned sum, not another role's minimum.
- Approved stamp-credit period and actual purchasing terms.
- Accepted State instrument, individual execution/authority and filing directions.
- Separate licensing and any continuation/release instructions.
Questions about this bond
Does buying the bond guarantee thirty days of credit?
Section 472 permits discretionary credit for no more than thirty days. Actual State approval and purchasing terms remain separate.
Can a corporate owner choose the individual application?
Match the legal principal. An owner signing for a corporation does not turn the corporation's tax obligation into an individual-principal bond.
Can I use the City's stamp-credit notice terms?
This is the State cigarette-agent request. The City's separately named obligation does not establish the State instrument's recipient, period or execution.