Illinois Liquor Tax | $25,000 Liquor Tax Surety Bond
Also known as: liquor tax bond
Type of Bond
An Illinois Liquor Tax Bond is a type of surety bond required by the Illinois Department of Revenue for businesses or individuals involved in the sale, distribution, or manufacturing of alcoholic beverages. This bond ensures that the licensee complies with state laws and regulations governing the liquor industry, specifically in terms of reporting and paying the required taxes and fees. The purpose of the bond is to protect the state from potential revenue loss due to underreporting or non-payment of taxes and fees associated with the sale of alcoholic beverages. It serves as a financial guarantee that the licensee will accurately report their sales and pay the required taxes and fees in a timely manner. If a liquor licensee fails to fulfill their tax obligations or violates state regulations related to tax reporting and payment, a claim can be filed against the bond to recover the owed taxes, penalties, or other expenses incurred. In summary, the Illinois Liquor Tax Bond helps ensure that businesses and individuals in the liquor industry comply with tax reporting and payment requirements, protecting the state's financial interests.
Program
The price you'll pay for your $25,000 Liquor Tax Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $25,000 Liquor Tax Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $25,000 Liquor Tax Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Liquor Tax Bond Application process.
The Illinois Liquor Tax Bond amount is currently set at $25,000.
Obligee Information
An obligee is the entity that is requiring you to have the Liquor Tax bond.
Obligee: Department Of Revenue State Of Illinois
Street: Po Box 5587
State: Illinois
Zip: 60680
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!