A New law that was signed by the Governor of Indiana on 3/12/10 effects all tobacco manufactures.

This new law s 176 requires  “nonparticipating tobacco manufacturers” to post a Surety bond in the amount of $50,000, or the amount the manufacturer would be required to deposit due to its previous calendar year’s sales in Indiana, whichever is greater. This new bonding requirement goes into effect on 7/10/2010. You can view the Tobacco Manufacturers surety bond form here.

A surety bond cost and approval is based off of your financial condition and credit.  Don’t worry if your financial’s or credit are not up to par there are still programs that can help you.

You can  learn more about Tobacco License bonds here.