What is an California Alcoholic Tax Bond?
California Alcoholic Tax Bond's are required by California's Department of Tax and Fee Administration to obtain your California Alcoholic Tax Bond. The California Alcoholic Bond amount is set at $16,000. The alcoholic beverage tax is a per-gallon excise tax collected on the sale, distribution, or importation of alcoholic beverages in California. Revenues from the tax are deposited into the Alcohol Beverage Control Fund and are withdrawn for use by the State's General Fund or used to pay refunds under this program.
The State requires a Sales Tax bond for :
a $16,000 surety bond
Different parts of a bond:
There are 3 parts to a Alcoholic Tax surety bond. The Principal "YOU", The Surety Company, and the Obligee. The Principal is the business or individual applying for the Alcoholic Tax Surety Bond. The Obligee is the individual or entity requiring the Surety Bond and the Surety Company is the company who provides the Surety Bond coverage.
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California Alcoholic Tax Bond Information and Requirements:
Helping your business succeed is important to the California Department of Tax and Fee Administration (CDTFA). The taxes you collect and pay to the state help fund state and local services and programs that are important to you and your community.
Understanding the tax issues and registration requirements specific to the alcoholic beverage industry can be time-consuming and complicated, so it is important that you get the information you need in a timely and understandable way, helping you focus on starting and growing your business.
This guide is provided to help you better understand the tax obligations for sellers, manufacturers, and importers of alcoholic beverages.
How the Revenue is used
Revenues from the tax are deposited into the Alcohol Beverage Control Fund and are withdrawn for use by the state's General Fund or used to pay refunds under this program.