This bond is required by the Comptroller of Public Accounts. The bond states that the bondholder will pay–on a timely basis–all taxes, interest, penalties, and costs accruing against the bondholder as required by Chapter 183, Texas Tax Code. Effective 1/1/2014, the Comptroller requires not only the Mixed Beverage Gross Receipts Surety 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 each bond amount. In most cases, the premium on this bond is as low as 1%.
To Attain a Texas Mixed Beverage Gross Receipts Tax Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.