California Cigarette and Tobacco Products Tax Bond

A Cigarette and Tobacco Products Tax Bond is a surety bond required by the California State Board of Equalization to satisfy security mandates under the California Cigarette and Tobacco Products Law (Revenue and Taxation Code Sections 30141 and 30243). The surety bond ensures compliance with the law for those who have been issued, or have applied for the issuance of, a license to engage in business as a distributor, and a demand has been made upon the bonded principal by the State Board of Equalization for security. This bond is executed by the surety company to comply with the applicable provisions of the Revenue and Taxation Code, and to guarantee payment of all taxes, penalties and other obligations that may arise.