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Colorado Cigarette Wholesale Distributor Bond

The Colorado cigarette wholesale distributor bond is offered, upon approval of credit, for 2% of the surety bond amount required. Please call AmeriPro Surety Bonds at 844-589-9732.

Colorado Cigarette Wholesale Distributor Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond, Amount, and Purpose

 

 

 

Cigarette wholesale distributors in Colorado are required by the state’s Department of Revenue to furnish proof of financial responsibility as evidenced by a surety bond.

The amount of the surety bond is equal to the total anticipated monthly purchase of stamps.

The purpose of this requirement is to serve as a financial guarantee that you’ll pay all taxes, fees, penalties and interests as outlined under Article 28, Title 39 of the Colorado Revised Statutes, as amended.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for the Colorado cigarette wholesale distributor bond includes completing a short surety bond application. While the application will need to be signed by you and a witness (it does not need to be notarized), we’ll complete much of the application with you over the phone.

After submitting a completed application, there is an underwriter review which includes a credit check inquiry. The review typically takes a few business hours, depending on the time of day that the application is submitted.

To be approved, good credit is required, and the premium is 2% of the surety bond amount.

Once your surety bond is approved, and the premium is paid, our agency issues you the following: An original surety bond which we will sign as Surety and which you will sign as Principal, and a Power of Attorney form.

Upon receipt, all completed documents will be filed by you to:

Colorado Department of Revenue

P.O. Box 17087

Denver, CO 80217-0087

 

 

 

Term of Your Surety Bond; Reduction in Amount

 

 

 

The Colorado cigarette wholesale distributor bond is issued with a standard one year term.

According to state regulations, wholesale distributors who have no cigarette tax delinquencies in the prior year, may reduce the surety bond required upon renewal by 20%.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds provides wholesale distributor surety bonds nationwide.

Our agency is an online aggregator of license and permit, court, probate, and contractor surety bonds in Colorado and all 50 states.

Please call us today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you…

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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Office: 1 (844) 589-9732

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