This version of the form is not currently in use and is provided for reference only. Download this version of Form B-A-29 for the current year.
This is a legal form that was released by the North Carolina Department of Revenue - a government authority operating within North Carolina. Check the official instructions before completing and submitting the form.
Q: What is a Form B-A-29 Surety Bond?
A: A Form B-A-29 Surety Bond is a type of bond required by the North Carolina Department of Revenue for businesses that sell tobacco productsother than cigarettes.
Q: Who is required to obtain a Form B-A-29 Surety Bond?
A: Businesses in North Carolina that sell tobacco products other than cigarettes are required to obtain a Form B-A-29 Surety Bond.
Q: Why is a Form B-A-29 Surety Bond required?
A: The bond is required to ensure that businesses comply with all applicable laws and regulations related to the sale of tobacco products.
Q: How much is the bond amount for a Form B-A-29 Surety Bond?
A: The bond amount is $2,000 for businesses with one location, and an additional $500 for each additional location.
Q: How long does a Form B-A-29 Surety Bond need to be valid?
A: The bond must be valid for the duration of the business's license period, which is usually one year.
Q: What happens if a business fails to obtain or maintain a Form B-A-29 Surety Bond?
A: Failure to obtain or maintain the required bond can result in penalties, fines, and the suspension or revocation of the business's license.
Q: Are there any exemptions from the Form B-A-29 Surety Bond requirement?
A: Yes, there are exemptions for certain types of businesses, such as manufacturers and certain non-profit organizations. It is best to check with the North Carolina Department of Revenue for specific exemptions.
Q: Can the bond amount be refunded or cancelled?
A: No, the bond amount cannot be refunded or cancelled until the business ceases operations and complies with all necessary requirements.
Q: Are there any other requirements for businesses that sell tobacco products other than cigarettes?
A: Yes, in addition to the surety bond, businesses must also obtain a license from the North Carolina Department of Revenue and comply with all other applicable laws and regulations.
Form Details:
Download a fillable version of Form B-A-29 by clicking the link below or browse more documents and templates provided by the North Carolina Department of Revenue.