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The Georgia Att 21 form, also known as the Tobacco Distributors Tax Stamp Bond, plays a crucial role for wholesale tobacco distributors in the state. This bond ensures that distributors fulfill their financial obligations regarding the purchase of tobacco tax stamps. It involves two key parties: the Principal, who is the licensed distributor, and the Surety, which guarantees payment to the Georgia Revenue Commissioner. The bond amount is specified and serves as a financial safety net for the state, ensuring that all taxes related to tobacco sales are paid on time. If the Principal meets their payment obligations, the bond becomes void; if not, it remains in effect, protecting the state's interests. Furthermore, the Surety has the right to cancel the bond with proper notice, but remains liable for any obligations incurred before the cancellation takes effect. This form is essential for compliance with Georgia law, reflecting the commitment of distributors to adhere to state regulations while contributing to the state's revenue. Understanding this bond is vital for any distributor operating in Georgia's tobacco market.
Georgia Att 21 Example
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Rev. (12/09) |
BOND NO. |
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Department of Revenue
Alcohol & Tobacco Division
Audit and Regulatory Section
1800 Century Center Blvd. N.E.
P. O. Box 49728
Atlanta, Georgia 30359
Telephone: (404)
FAX: (404)
TOBACCO DISTRIBUTORS TAX STAMP BOND
Know all men by these presents that we,
(Name of Distributor)
of |
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a licensed wholesale tobacco distributor, as Principal and |
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(Location) |
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, as Surety, are held and firmly bound unto the |
(Name of Surety) |
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Georgia Revenue Commissioner and the Department of Revenue of the State of Georgia, in the sum of |
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$ |
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, for which payment the said Principal |
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(Written Amount) |
(Numeric Amount) |
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and Surety bind themselves and their legal representatives, successors and assigns, jointly and severally.
The condition of the foregoing obligation is as follows:
WHEREAS, the Principal does unconditionally guarantee to the Georgia Commissioner of Revenue and the Department of Revenue, State of Georgia, full payment for all tobacco tax stamps purchased during the fiscal year ending
JUNE 30, 20 |
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NOW, THEREFORE, if the Principal pays for such purchases of tobacco tax stamps when due, then this bond shall be void; otherwise to remain in full force and effect, with respect to all such tax stamp purchases within the above limits.
The Surety may cancel this bond by giving written notice to the Georgia Revenue Commissioner and to the Principal by certified or registered mail, return receipt requested, in which event the cancellation shall be effective sixty (60) days after the Georgia Revenue Commissioner and the Principal shall have received such notice, the Surety remaining liable, however, subject to the terms, conditions and provisions hereof for any purchases or acts covered hereby which may have been committed prior to the effective date of such cancellation.
This bond is given pursuant to an Act approved March 4, 1970 (GA. Laws 1970, p.146) and shall be construed in conformity therewith.
IN WITNESS WHEREOF, the
(Surety)
has caused this bond to be signed by its Attorney in Fact and its Corporate Seal be hereunto affixed
this |
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of |
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(Principal)
(Surety)
By
(Attorney In Fact)
NOTE: The official or attorney in fact signing for Surety shall attach to the original bond a certified copy of authority or power to bind the Surety. It shall show that the power is in force and effect at the time of the execution of the bond.
Document Breakdown
| Fact Name | Description |
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| Form Purpose | The Georgia ATT 21 form serves as a Tobacco Distributors Tax Stamp Bond, ensuring payment for tobacco tax stamps purchased by licensed distributors. |
| Governing Law | This bond is governed by an Act approved on March 4, 1970 (GA. Laws 1970, p.146), which outlines the requirements and conditions for such bonds in Georgia. |
| Parties Involved | The bond involves three parties: the Principal (the distributor), the Surety (the bonding company), and the Georgia Revenue Commissioner. |
| Bond Amount | The bond amount is specified in both written and numeric form, ensuring clarity in the financial obligation undertaken by the Principal and Surety. |
| Payment Guarantee | The Principal guarantees full payment for all tobacco tax stamps purchased during the fiscal year ending June 30, ensuring compliance with state tax laws. |
| Cancellation Terms | The Surety can cancel the bond by providing written notice to the Georgia Revenue Commissioner and the Principal, effective 60 days after receipt of such notice. |
| Legal Binding | The bond is legally binding, meaning that both the Principal and Surety are jointly and severally liable for the obligations outlined in the document. |
| Authority Requirement | An official or attorney in fact must sign the bond for the Surety, attaching a certified copy of their authority to bind the Surety, ensuring the bond's validity. |
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