16 Tex. Admin. Code § 41.39 - Amount of Excise Tax Bonds

(a) Excise tax bonds required by Chapter 204 of the Alcoholic Beverage Code and by Chapter 33, Subchapter C, of this title to be maintained by license or permit holders authorized to import malt beverages or liquor into this state shall be in a minimum amount of $1,000 and the maximum amounts of the bonds shall be determined by the executive director. The maximum bond fixed by the executive director must be an amount that will adequately protect the State of Texas against the anticipated tax liability of the principal during any six-week period.

(b) The executive director may investigate the adequacy of any bond and adjust the bond as they deem justified by the investigation results.

Notes

16 Tex. Admin. Code § 41.39

The provisions of this §41.39 adopted to be effective January 1, 1976; Amended by Texas Register, Volume 41, Number 24, June 10, 2016, TexReg 4255, eff. 6/14/2016; Adopted by Texas Register, Volume 46, Number 49, December 3, 2021, TexReg 8246, eff. 12/6/2021