La. Admin. Code tit. 61, § I-5113 - Bond Waiver
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).
B. The secretary is authorized to waive the
furnishing of a surety bond as set forth in
R.S.
47:848(B).
C. If any dealer whose bond has been waived
by the secretary:
1. commits a stamping
violation,
2. fails to file monthly
reports with the Department of Revenue or the Tobacco Unit with the Department
of Justice, or
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.
Notes
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