In addition to conduct
surety bonds that the Texas Alcoholic Beverage Commission requires, mixed
beverage and private club permittees must post two separate bonds as security
for the payment of taxes:
See Texas Tax Code Sections 183.025 and 183.043.
Bond
Amounts |
||||
Type of Permit |
Beginning Jan. 1, 2014 |
Beginning Jan. 1, 2014 |
June 15, 2007 through Dec.
31, 2013 |
June 15, 2007 through Dec.
31, 2013 |
Mixed
Beverage |
$3,750 to $100,000* |
$3,750 to $100,000* |
$7,500 to $100,000* |
Tax did not exist before Jan. 1, 2014 |
Private
Club |
$2,250 to $100,000* |
$2,250 to $100,000* |
$4,500 to $100,000* |
Tax did not exist before Jan. 1, 2014 |
Private
Club Exemption |
$1,500 to $100,000* |
$1,500 to $100,000* |
$3,000 to $100,000* |
Tax did not exist before Jan. 1, 2014 |
*Or four times the permittee’s
monthly average tax liability, whichever is greater.
The maximum mixed
beverage tax bond amounts increased from $50,000 to current maximum bond
amounts, effective June 15, 2007.
Before Jan. 1, 2014,
the mixed beverage gross receipts tax rate was 14 percent and there was no
mixed beverage sales tax. Minimum bond amounts for mixed beverage taxes were
adjusted, effective Jan. 1, 2014.
What is an MBGR Bond?
MBGR Bonds are required by Texas Comptroller to obtain your Liquor license. The bond guarantees the payment of taxes for liquor sales.
Different parts of a MBGR bond:
There are 3 parts to a MBGR surety bond. The Principal "YOU", The Surety Company, and the Obligee. The Principal is the business or individual applying for the MBGR 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.