Tennessee Alcoholic Beer Tax Surety Bond
All persons, corporations, joint-stock companies, syndicates, firms, or associations storing, selling, distributing, and/or manufacturing beer in this state must post an Alcoholic Beer Tax Surety Bond in order securing the payment of the taxes levied as the state privilege tax. The bond is to be payable to the Commissioner of Revenue with an initial bond amount of $20,000 during the taxpayer’s initial license period of 12 months. The bond amount may be adjusted to an amount equal to not less than twice the amount of the tax required to be paid by such person per month, determined by averaging the tax liability over the 3 months immediately preceding the adjustment.
Also known as a Warehouseman, Wholesaler, Dealer, and/or Manufacturers of Beer Tax Surety Bond
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