MD (OTP) Manufacturer/Wholesaler Bond
MD (OTP) Manufacturer/Wholesaler Bond
We write $5,000 Other Tobacco Products Manufacturer/Wholesaler Bonds in Maryland.
Our GOOD CREDIT price Varies.
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Maryland Other Tobacco Products Manufacturer/Wholesaler Bonds are required by the Comptroller of Maryland, Revenue Administration Division. The required bond amount is $5,000.00.
Under Business Regulation Article 16.5-101 "OTP" is defined as "any cigar or roll for smoking, other than a cigarette, made in whole or in part of tobacco, or any other product made primarily from tobacco that is intended for smoking, chewing, or 'snuffing'."
As defined by the Annotated Code of Maryland, Tax-General Article 13-825, a licensed "wholesaler" of tobacco products is required to file reports with the Comptroller of the State of Maryland and pay to the Comptroller any and all taxes when they become due.
OTP Wholesaler's are authorized to hold or sell OTP to another person for resale.
OTP Manufacturer's are authorized to sell OTP on which a tax has not yet been paid to a wholesaler, sell OTP that may be legally sold within the State of Maryland but whose tax has not yet been paid to a wholesaler outside the state, Store OTP in a warehouse for shipment to OTP wholesalers, federal reservations or persons out-of-state, and may sell premium cigars or pipe tobacco to a licensed OTP retailer.
*OTP Wholesaler's licenses expire on April 30th of each year.
Follow this link if you would like to visit the Comptroller of Maryland, Revenue Administration Division page for the
OTP Manufacturer/Wholesaler Bond requirement.
Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.
We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.
We find the best possible price for your surety bond given your particular qualifications.
Additional information about this corporate surety bond requirement is as follows:
Obligee - Comptroller of Maryland, Revenue Administration Division
Bond Amount - $5,000.00
Bond Premium - Varies
Renewal Document - Bond expires April 30th of each year.