Compilation of Rules and Regulations of the State of Georgia
Department 560 - RULES OF DEPARTMENT OF REVENUE
Chapter 560-3 - FISCAL OPERATIONS DIVISION
Subject 560-3-2 - SUBSTANTIVE REGULATIONS
Rule 560-3-2-.07 - Post Bond

Current through Rules and Regulations filed through September 23, 2024

Licensed tobacco distributors who are authorized to purchase tobacco tax stamps from the State Revenue Department on account must first post a bond with the commissioner in the amount of 110% of his purchases of such stamps on account. Such bond shall be secured by cash which shall bear no interest or by negotiable securities approved by the State Treasury or a surety bond executed by a surety company licensed to do business in this State and approved by the Commissioner.

Ga. L. 1937 - 1938, Extra Sess., p. 77, Ga. L. 1970, p. 146.

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