Washington — Wholesale Cigarette Dealer - Deferred Purchase Bond
Washington's deferred-purchase bond supports an approved credit limit for cigarette tax stamps. Arrange the proposed monthly limit and Revenue's approval before applying; the basic wholesaler performance bond and unstamped-stock permission are separate.
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- Recorded state
- Washington
- Bond type
- Cigarette / Tobacco Tax Bond
- Category
- Business operations & taxes
What this bond does
A licensed cigarette wholesaler can ask the Department of Revenue to defer payment for tax stamps. The credit arrangement requires Department approval, an Electronic Funds Transfer agreement and a surety bond equal to the proposed total monthly credit limit.
- Who needs it
- Licensed Washington cigarette wholesalers applying for or maintaining approved deferred stamp purchases. Businesses paying when they buy stamps should not assume every wholesaler needs this additional condition.
- Who it protects
- The bond runs to Washington for the wholesaler's faithful payment of the full amount of deferred cigarette-tax stamp purchases within thirty days after purchase, following the Department's EFT authorization and rules. The model also incorporates full compliance with chapter 82.24 RCW, WAC 458-20-186 and amendments, with principal and surety jointly and severally bound. It is not credit insurance for the wholesaler.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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
- Revenue REV82 2060-2 — complete selected bonding and credit application (opens in a new tab)Checked October 27, 2026
- Current WAC458-20-186 — selected202-203-301 (opens in a new tab)Checked October 27, 2026
Have these ready
- Licensed Washington cigarette-wholesaler firm name and Revenue account.
- Requested or approved total monthly stamp-credit limit.
- Department deferred-purchase application and bank EFT authorization.
- Required effective date, principal/surety execution and current submission directions.
- Separate basic performance security and any unstamped-stock authorization.
Questions about this bond
Does the basic $5,000 bond give me stamp credit?
No. Revenue must approve the deferred-purchase arrangement, and its application requires a bond equal to the proposed total monthly credit limit. The basic performance condition is separate.
Why does the model call deferred purchases optional?
A wholesaler can pay when it buys stamps instead. If you seek deferred payments, you must meet the Department's approval, bond and EFT requirements; the heading does not waive them.
Are the payment and cancellation deadlines the same?
No. Deferred stamp purchases are payable within thirty days under the model's payment instructions. Its cancellation clause uses forty-five days after receipt of the surety's notice.
Can I carry unstamped inventory under this bond?
Do not treat stamp credit as unstamped-stock permission. Revenue's packet has a separate stock application and undertaking, with its own authorization and inventory controls.