The Georgia ATT 21 form is a Tobacco Distributor Tax Stamp Bond that serves as a financial guarantee for wholesale tobacco distributors in Georgia. This form ensures that distributors fulfill their payment obligations for tobacco tax stamps purchased during the fiscal year. Understanding the nuances of this bond is essential for compliance and to avoid potential penalties.
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The Georgia ATT 21 form is a crucial document for licensed wholesale tobacco distributors operating within the state. This form serves as a Tobacco Distributor Tax Stamp Bond, which ensures that distributors fulfill their financial obligations related to the purchase of tobacco tax stamps. By completing the ATT 21, distributors, identified as the Principal, and their Surety, formally commit to paying the Georgia Revenue Commissioner for all tobacco tax stamps acquired during the fiscal year ending June 30. The bond amount, specified in both written and numeric form, reflects the financial guarantee provided to the state. If the Principal meets their payment obligations, the bond becomes void; otherwise, it remains enforceable. Furthermore, the Surety has the right to cancel the bond with proper notice, maintaining liability for any transactions completed before cancellation. This bond is established in accordance with a legislative act approved in 1970, ensuring compliance with state regulations. The form must also include the signature of an Attorney in Fact for the Surety, along with a certified copy of their authority to bind the Surety, underscoring the importance of proper documentation in this legal process.
ATT-21
Rev. (12/09)
BOND NO.
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) 417-4870
FAX: (404) 417-4871
TOBACCO DISTRIBUTORS TAX STAMP BOND
Know all men by these presents that we,
(Name of Distributor)
of
a licensed wholesale tobacco distributor, as Principal and
(Location)
, as Surety, are held and firmly bound unto the
(Name of Surety)
Georgia Revenue Commissioner and the Department of Revenue of the State of Georgia, in the sum of
$
, for which payment the said Principal
(Written Amount)
(Numeric Amount)
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
.
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
, 20
(Principal)
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.
Filling out the Georgia ATT 21 form is a straightforward process that requires accurate information to ensure compliance with state regulations. This form serves as a bond for tobacco distributors, guaranteeing payment for tobacco tax stamps. To complete the form correctly, follow the steps outlined below.
After submitting the form, it’s important to keep a copy for your records. If there are any questions or issues, contacting the Georgia Department of Revenue directly can provide clarity and assistance.
The Georgia ATT 21 form is a Tobacco Distributor Tax Stamp Bond. This document serves as a guarantee from a licensed wholesale tobacco distributor (the Principal) and a surety company (the Surety) to the Georgia Revenue Commissioner. It ensures that the distributor will pay for all tobacco tax stamps purchased during the fiscal year.
Any licensed wholesale tobacco distributor in Georgia is required to complete the ATT 21 form. This includes businesses that distribute tobacco products and are responsible for purchasing tobacco tax stamps to comply with state regulations.
The ATT 21 form requires several key pieces of information:
Additionally, a certified copy of the authority or power to bind the Surety must be attached.
The bond guarantees that the tobacco distributor will pay for all tobacco tax stamps when they are due. If the distributor fulfills this obligation, the bond becomes void. However, if the distributor fails to pay, the bond remains in effect, and the Surety may be held responsible for the payment.
The bond remains in effect for the fiscal year ending June 30 of the specified year. It can be canceled by the Surety with written notice to the Georgia Revenue Commissioner and the Principal, effective sixty days after receipt of the notice.
If the bond is canceled, the Surety is still liable for any purchases or actions that occurred before the cancellation date. This means that any outstanding obligations must be settled even if the bond is no longer active.
Failure to complete and submit the ATT 21 form can lead to serious consequences. The distributor may be unable to legally purchase tobacco tax stamps, which could hinder their ability to operate. Additionally, penalties may be imposed by the Georgia Department of Revenue for non-compliance.
The completed ATT 21 form should be submitted to the Georgia Department of Revenue, specifically to the Alcohol & Tobacco Division. Ensure that all required information is accurate and complete before submission to avoid delays or issues.
For more information, individuals can contact the Georgia Department of Revenue directly at their provided telephone number or visit their official website. They offer resources and guidance for tobacco distributors to ensure compliance with state laws.
Incomplete Information: One of the most common mistakes is failing to provide all required information. Each section of the form must be filled out completely, including the names of the distributor and surety, as well as the bond amount.
Incorrect Bond Amount: Applicants often miscalculate the bond amount. Ensure that both the written and numeric amounts match and are accurate to avoid processing delays.
Missing Signatures: All necessary signatures must be present. The form requires signatures from both the principal and the surety, along with the attorney in fact, if applicable.
Failure to Attach Required Documents: Not including the certified copy of authority for the attorney in fact can lead to rejection of the bond. This document proves that the attorney has the authority to sign on behalf of the surety.
Incorrect Dates: Filling in the wrong dates can cause confusion. Ensure that all dates, including the effective date of the bond and the fiscal year ending date, are accurate and consistent.
Ignoring the Cancellation Clause: Some applicants overlook the cancellation process. Understanding how and when the surety can cancel the bond is crucial to maintaining compliance.
Not Keeping Copies: Failing to keep a copy of the completed bond for personal records is a mistake. Retaining a copy can be beneficial for future reference or in case of disputes.
The Georgia ATT 21 form, known as the Tobacco Distributors Tax Stamp Bond, is essential for licensed wholesale tobacco distributors in Georgia. Alongside this form, several other documents may be required to ensure compliance with state regulations. Below is a list of these documents, each serving a specific purpose in the regulatory process.
Each of these documents plays a crucial role in the compliance framework for tobacco distributors in Georgia. Ensuring that all required forms are accurately completed and submitted can help facilitate a smoother regulatory process.
The Georgia ATT 21 form, which serves as a bond for tobacco distributors, shares similarities with the Surety Bond form. Both documents establish a legal agreement between a principal (the party responsible for fulfilling an obligation) and a surety (the party guaranteeing that obligation). In both cases, the surety agrees to take on the responsibility of the principal should they fail to meet their obligations, such as paying taxes or fulfilling contractual duties. This mutual assurance protects the interests of the state and ensures compliance with regulatory requirements.
Another document that resembles the ATT 21 form is the Performance Bond. This type of bond is often required in construction contracts, where it guarantees that the contractor will complete the project according to the terms of the contract. Similar to the ATT 21, the performance bond involves a principal and a surety, and it serves to protect the project owner from financial loss in case the contractor defaults. Both documents underscore the importance of accountability and financial responsibility in business transactions.
The Payment Bond is yet another document akin to the Georgia ATT 21 form. This bond guarantees that a contractor will pay subcontractors and suppliers for their work and materials. Just like the ATT 21 form, it involves a principal and a surety, ensuring that all parties involved in a project are compensated appropriately. This bond serves as a financial safety net, promoting trust and reliability within the construction industry, much like the ATT 21 promotes compliance in tobacco distribution.
The License and Permit Bond also shares similarities with the ATT 21 form. This type of bond is often required for businesses to obtain necessary licenses and permits to operate legally. It guarantees that the business will adhere to relevant laws and regulations. Like the ATT 21, the License and Permit Bond involves a principal and a surety, ensuring that the business remains compliant with state requirements, thus protecting public interests and maintaining industry standards.
The Commercial Bond is another document that parallels the ATT 21 form. This broad category includes various bonds that businesses may need to secure to operate within specific industries. Commercial bonds, like the ATT 21, require a principal and a surety, and they serve to protect consumers and the public from potential financial losses due to the principal's failure to meet their obligations. Both types of bonds highlight the importance of financial responsibility in business operations.
The Freight Broker Bond, specifically designed for freight brokers, is similar to the ATT 21 form in that it guarantees compliance with federal regulations. This bond ensures that brokers will pay carriers and shippers promptly. Like the ATT 21, it involves a principal and a surety, emphasizing the need for accountability in the transportation industry. Both documents aim to foster trust among parties involved in business transactions, ensuring that obligations are met and financial interests are protected.
The Mortgage Broker Bond is another document that bears resemblance to the Georgia ATT 21 form. This bond is required for mortgage brokers to ensure compliance with state regulations and to protect consumers from potential fraud or misconduct. Similar to the ATT 21, it involves a principal and a surety, providing a safety net for consumers and promoting ethical practices within the mortgage industry. Both bonds serve to uphold standards and protect the interests of the public.
The Bid Bond is also comparable to the ATT 21 form. This bond is often required during the bidding process for construction projects and guarantees that the bidder will enter into a contract if selected. Like the ATT 21, it involves a principal and a surety, ensuring that the bidding process remains fair and that the selected contractor will fulfill their obligations. Both documents emphasize the importance of commitment and accountability in securing business agreements.
Finally, the Court Bond, which is required in various legal proceedings, shares similarities with the ATT 21 form. This bond ensures that a party will fulfill their obligations as determined by the court, such as paying damages or complying with court orders. Like the ATT 21, it involves a principal and a surety, providing a layer of protection for those affected by the legal proceedings. Both types of bonds highlight the importance of accountability and adherence to legal obligations in different contexts.
When filling out the Georgia ATT-21 form, it’s important to follow specific guidelines to ensure your submission is correct. Here’s a list of things you should and shouldn't do:
By following these guidelines, you can help ensure a smooth process when submitting your Georgia ATT-21 form.
Misconception 1: The ATT 21 form is only for large tobacco distributors.
This form is applicable to all licensed wholesale tobacco distributors in Georgia, regardless of size. Small businesses also need to complete this form to comply with state regulations.
Misconception 2: Completing the ATT 21 form guarantees approval for a tobacco tax stamp.
While the form is necessary for obtaining a tax stamp, approval depends on meeting all state requirements and obligations. Simply submitting the form does not ensure that a distributor will receive the stamp.
Misconception 3: The bond amount on the ATT 21 form is fixed and cannot be changed.
The bond amount can vary based on the distributor's needs and the amount of tobacco tax stamps they plan to purchase. It is essential to determine the appropriate amount before submitting the form.
Misconception 4: Once the bond is signed, it cannot be canceled.
The surety has the right to cancel the bond by providing written notice to the Georgia Revenue Commissioner and the principal. This cancellation takes effect 60 days after the notice is received, allowing for some flexibility.
When filling out and using the Georgia Att 21 form, keep the following key takeaways in mind:
Adhering to these points will facilitate a smoother process when dealing with the Georgia Att 21 form.