What is an Alabama Alcohol Tax Bond?
Let us guide you in acquiring an alcohol tax bond for your business!
This surety bond is needed to ensure the following:
- That the license applicant will strictly comply with all regulatory and legal requirements of the business of selling alcoholic beverages in Alabama.
- That the license applicant will pay the right amount of taxes
It is a requirement for owners of breweries, wineries, distilleries, beer wholesalers, or wine distributors who are applying for a license or permit.
The requirement is enforced by the Alcohol, Tobacco, Tax, and Trade Bureau.
This bond is a contract between the following parties:
Principal – the person will manufacture, sell, distribute, export, import the alcoholic beverages in Alabama
Obligee – the organization or government unit requiring the bond
Surety – the surety bond company will act as a guarantor for the principal’s compliance with the bond conditions
The Alcohol Tax Bond is also known by other names. This can either be specific to the state or to the type of alcoholic beverage. Here are some examples:
- Beverage Tax Bond
- Liquor Bond
- Liquor Drink Tax Bond
- Liquor Tax Bond
- Distilled Spirits License Bond
- Brewer’s Bond
- Liquor License Bond
- Wine Bond
- Alcoholic Beverage Tax Bond
- Malt Beverage License Bond
Alcohol Tax Bond by State
Since each state – in addition to federal laws – has the power to regulate the distribution, manufacturing, or selling of alcoholic beverages within its jurisdiction, the obligations per alcohol tax bond, and the amount will vary.
Some states have stricter alcohol tax bond requirements than others.
To know more information about the alcohol tax bond in your state, give us a call at 800-333-7800 or send us an email!
How can I obtain an Alabama Alcohol Tax Bond?
Simply follow the steps listed below:
First Step: Apply for the bond
You need to submit a bond application to us.
Second Step: Underwriting
We will ask you for a couple of important information needed for the bond. An underwriter will carefully evaluate the following:
- business performance history
- financial history
- credit score
Third Step: Bond execution
Once the underwriter is done with the underwriting process, we will issue the bond and send it to you right away.
If you need to secure an Alcohol Tax Bond, don’t hesitate to call us. APPLY HERE today!