Texas based businesses must have both a mixed beverage sales tax bond and a gross receipts tax bond to be licensed for selling alcoholic drinks to the public. The bond amount for both bonds vary. The bond amount of a beverage sales tax bond is 8.25% of all sales tax collected from selling beverages, and the gross receipts tax bond is 6.7% all gross receipts that come from selling mixed beverages. These bonds are usually purchased together since they're required for getting a liquor license from the Texas Alcoholic Beverage Commission.
Please note this page is for car dealer licensing. If you're trying to register a vehicle with a missing title, a separate Lost Title Bond is required.
Required By: Texas Alcoholic Beverage Commission
Bond Amount: 8.25% of sales tax, 6.7% of gross receipts
Businesses in Texas that serve mixed alcoholic drinks must obtain two types of bonds: one for sales tax and another for gross receipts. These bonds serve as assurances to the government that the business will make full and timely payments of all the taxes they owe.
If a business cannot pay its taxes or fines, these bonds can step in to cover the outstanding amounts. The government will initially attempt to assist the business, but the bonds are in place as a backup plan.
