If you are engaged in the stamping of cigarettes in Pennsylvania, you are required under the provisions of Article XII of the Tax Reform Code of 1971 as amended to file a Pennsylvania Cigarette Stamping Agency Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Pennsylvania Cigarette Stamping Agency Bond holds you accountable for your business decisions.
By possessing a Pennsylvania Cigarette Stamping Agency Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.