What is an Alaska Alcohol Tax Bond?
According to the Centers for Disease Control and Prevention, excessive consumption of alcohol is America’s 4th leading cause of death. It can be attributed to the roughly 88,000 fatalities every year, 70% of which are adults in the 20-64 age bracket.
Similarly, a report done by the National Institute on Alcohol Abuse and Alcoholism indicated that unwarranted alcohol consumption is also responsible for accidental injuries, aggression, liver ailment, stroke, dementia, hypertension, several types of cancer, physical and sexual battering, fetal alcohol spectrum disorders, and alcohol use-related problems.
While alcohol taxes have been employed to increase income, an element of their historical rationalization has also been the public health benefits gained from them. It has been found find that higher alcohol taxes lessen unwarranted drinking as well as alcohol-related wounds, illnesses, and death.
Due to the high-risk nature of alcoholic products, it is imperative that those who sell and distribute them provide security and assurance to the government and all the residents of the State of Alaska. Such assurance is called the Alaska Alcohol Tax Bond.
The Alaska Alcohol Tax Bond is an unassailable declaration that the business owned by a bona fide resident of Alaska, having business locations within the territorial jurisdiction of the state operates with scrupulous accuracy acquiescent to all of Alaska’s laws concerning the sale, production, and distribution of wines and spirits. This bond is a watertight guarantee that importers and wholesalers will not engage in any of the following acts:
- Lending money or any valuables to a vendor;
- Putting investments, openly or incidentally, in a retail store;
- Providing or equipping premises, edifices, bar or equipment to retailers;
- Involvement, openly or incidentally, in the operations of a retail liquor store.
Why do you need an Alaska Alcohol Tax Bond?
You need the Alaska Alcohol Tax Bond because you want to be viewed as a respectable business owner who knows how to heed governmental controls and who knows how to look after the welfare of the consuming public.
More details about the Alaska Alcohol Tax Bond
The Alcohol Tax Bond is required before business operations. A minimum of $25,000 bond must be posted as tax security. Premium payments will be determined by the applicant’s credit score and financial history.
Likewise, the profile of the applicant including his/her reputation as a member of the community will be a strong factor in the decision of how much the premium will be for this bond.
How do I get an Alaska Alcohol Tax Bond?
Getting an Alcohol Tax Bond is simple. Choose a genuine surety professional that is authorized to operate within the state of Nevada and immediately give them a call! An expert surety professional can readily provide you the answers you need and the solution to whatever concerns you have in the operation of your business.