What is a Texas Mixed Beverage Sales Tax Bond?
The Texas Mixed Beverage Sales Tax Bond is required by the Comptroller of Public Accounts. 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. The bond states that the bondholder shall pay, on a timely basis, all taxes, interest, penalties, and costs accruing against the bondholder as required by Chapters 151 and 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 Bond for all NEW businesses only.
Aside from the Mixed Beverage bond, there is also a bond for private clubs and private club exemption. The amount for the private club is at $2250 while the private club exemption is at $1,500. The maximum bond amount for all is at $100,000. To know what your bond premium is, contact us today.
How do I get a Texas Mixed Beverage Sales Tax Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). When the paperwork is finished and the premium is processed, your surety bond will be shipped. Either via USPS Priority Mail or your preferred expedited shipping method(for an additional cost).
The surety bond experts at Surety Solutions Insurance Services, Inc.(Surety1), are available to help you get bonded quickly and with ease. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.