1. A. A registered tobacco dealer in tobacco products including but not limited to cigars, cigarettes, and smoking tobacco, shall furnish a bond in accordance with R.S. 47:848(A).
2. B. The secretary is authorized to waive the furnishing of a surety bond as set forth in R.S. 47:848(B).

3. C. If any dealer whose bond has been waived by the secretary:

   1. 1. commits a stamping violation,
   2. 2. fails to file monthly reports with the Department of Revenue or the Tobacco Unit with the Department of Justice, or
   3. 3. acts in bad faith, such as not filing the required tobacco monthly return or schedules or repeatedly filing inaccurate or incomplete tobacco monthly returns or schedules with either department, the secretary may revoke the waiver and require the dealer to furnish a bond in the amount required in R.S. 47:848(A). If a bond waiver is revoked, the dealer shall not be eligible for a bond waiver for a period of three years thereafter.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:848 and R.S. 47:1511.

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Revenue, Office of Legal Affairs, Tax Policy and Planning Division, LR 50:1672 (November 2024).