The Texas Mixed Beverage Gross Receipts Tax Bond is required by the Comptroller of Public Accounts.
The Comptroller requires not only the Texas Mixed Beverage Gross Receipts Tax Bond but also the Mixed Beverage Sales Tax Surety Bond for all NEW businesses only. The former $7,500 bond requirement has been split in half and distributed between both bonds, leaving them with a $3,750 bond amount each. The bond amount for both can now be in the range of $3750-$100,000 or four times the permittee’s monthly average tax liability.
You will not have to pay this much for the bond, though. This bond is written based on a number of factors, so to find out the price, fill out an application today! We work with the best surety markets to keep our prices the lowest they can be for everyone.
The bond states that the bond holder will pay, on a timely basi,s all taxes, interest, penalties, and costs accruing against the bond holder as required by the Texas tax code. It should be written for, and in favor of, the State of Texas and the people of the State of Texas to protect them from financial harm from your company.