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Bond Overview Purpose: To guarantee payment for all Iowa tobacco taxes and fees Who Needs It: Cigarette and tobacco product sellers in Iowa Regulating Body: The Iowa Department of Revenue Required Coverage: $500$15,000, based on type and number of licenses Premium Rates: Typically 13% of the bond amount, credit-based What is an Iowa cigarette and tobacco tax bond

Both cigarettes and smokeless tobacco products contain large quantities of nicotine

"The statute requires manufacturers to become a signatory of the (Master Settlement Agreement)

"Smoking kills 10 Filipinos every hour"

E-cigarettes are often advertised as a safer alternative to cigarettes, as they dont include the more than 7,000 extra chemicals that are produced when tobacco is burned