Details for North Carolina other-tobacco security

The current statute bases the sum on twice the dealer's average expected monthly tax liability under the other-tobacco part, as determined by the Secretary. It sets a $2,000 minimum and $2 million maximum. Revenue periodically reviews the amount and can increase or decrease it as anticipated liability changes.

The posted B-A-29 still cites former section 105-113.38. That section was repealed in 2022, but current section 105-113.39C preserves the other-tobacco bonding authority. Obtain Revenue's current request and accepted form instructions; the old citation does not establish that the bond obligation has ended.

B-A-29 is continuing for acts or omissions on or after its entered effective date. Its coverage of licensed places of business makes an accurate location list important. Confirm the current licenses and product classes with Revenue, including any separately licensed vapor or nicotine activity; do not treat this listing as the cigarette bond.

The model allows either principal or surety to give at least sixty days' written notice by certified mail to the Secretary at the designated cancellation address. A surety agent's notice must include a power of attorney. Liability accrued before release remains, even when discovered later, and a noncompliant attempted cancellation is void.

Follow the model's separate surety and principal execution requirements. It calls for the surety seal; the principal must use its seal or have its signature notarized when no principal seal is affixed. The completed-bond mailing direction and the cancellation-notice address are different, so use Revenue's current instruction for the document being sent.

Purchase Now opens Propeller's North Carolina other-tobacco application in a new tab. Match the legal dealer, account, required sum and effective date, then arrange delivery of the executed bond for Revenue's acceptance. Provider payment does not issue a license, file a return or complete the state's bond filing.