Texas Alcoholic Beverage Licenses and Permits

A certificate of deposit, or letter of credit, and a mixed beverage permit bond is required for all new businesses acquiring a mixed beverage permit Texas. Despite this being under the Texas Alcoholic Beverage Code, the mixed beverage permit bond will be filed with the state comptroller of public accounts. This bond covers:

• the $7500 statutory limit minimum and protects against the non payment a 14% gross receipts tax paid on the alcoholic beverage sales of these permittees
• the amount of bond or financial guarantee is able to be brought up to two times the amount of tax paid within any 30 day period by the permit holder

This permit is required for the first two years of operation buy the permit Holder and the obligation will be released after that. Presuming that taxes on reports have been received on a time.