Tennessee — Tobacco Manufacturer's Warehouse Bond
Tennessee requires a $20,000 bond before licensing a tobacco manufacturer's warehouse. The current Tax Bond describes a warehouse, building or structure separate from the manufacturing operation where the manufacturer's tobacco products are stored for distribution.
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- Recorded state
- Tennessee
- Bond type
- Cigarette / Tobacco Tax Bond
- Category
- Business operations & taxes
What this bond does
The bond supports the manufacturer's warehouse license and secures the related Tennessee tax obligation. The posted model calls for a $20,000 penal bond to the state for each warehouse, distinct from an affixing-agent or cigarette tax-credit bond.
- Who needs it
- Tobacco manufacturers arranging the separate warehouse license described in Revenue's model. Confirm the licensed entity and each storage location; a general warehouse or logistics business is not automatically in this manufacturer-specific class.
- Who it protects
- Principal and surety bind themselves jointly and severally to Tennessee. The warehouse condition requires proper payment of all taxes, penalty and interest connected with the described storage-for-distribution activity during the bond's effective period. It protects state revenue rather than insuring tobacco stock, a warehouse building or customers' stored property.
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
Have these ready
- Legal manufacturer name and Tennessee account/license information.
- Each warehouse address and its separation from the manufacturing operation.
- Revenue's required per-warehouse security and accepted form.
- Effective date and licensed storage/distribution activity.
- Notarized execution, applicable power of attorney and current Revenue filing/acceptance instructions.
Questions about this bond
Is the warehouse bond the $2,000 affixing-agent bond?
No. The warehouse class requires $20,000 before licensing, and its model applies that sum per warehouse. The affixing-agent option has a different calculation and minimum.
Does any tobacco storage business use this listing?
The posted warehouse condition describes a manufacturer's own tobacco products stored for distribution in a structure separate from manufacturing. Have Revenue confirm your actual role and license rather than treating this as general storage-business coverage.
Does it also arrange cigarette-stamp credit?
No automatic credit approval follows. Revenue lists a separate cigarette-and-tobacco tax-credit undertaking. Match each requirement to the actual form and approval requested.
Can I omit notarization if the surety supplies a seal?
The current Tax Bond has separate notarized acknowledgments for the principal and surety attorney-in-fact. It also requires the appropriate power of attorney. Follow those fields and Revenue's current acceptance directions.