Oklahoma Alcohol Tax Bond Guide
Learn how alcohol permit and tax bonds work in Oklahoma with this complete guide.
Quick Bond Facts
- Purpose: To guarantee payment of excise taxes and compliance with license regulations
- Who Needs It: Alcohol wholesalers, distributors and importers as well as vendors with a mixed beverage, caterer or special events license in Oklahoma
- Regulating Body: The Oklahoma Tax Commission
- Required Amount: $1,000–$25,000 depending on tax liability
- Premium Rates: Typically 1–5% of the total bond amount, starting at $100
What Are Oklahoma Alcohol Tax Bonds?
Oklahoma alcohol tax bonds guarantee payment for any taxes and fees related to selling, manufacturing, warehousing or distributing alcoholic beverages. These surety bonds protect the state from financial losses and ensure that businesses operate according to liquor licensing laws and regulations.
Who Needs an Alcohol Tax Bond in Oklahoma?
Vendors in Oklahoma with a state mixed beverage, caterer or special events license need to file a Mixed Beverage Gross Receipts Tax Bond. The bond amount must be equal to the average estimated quarterly gross receipts tax liability.
Wholesalers, distributors and importers must file an Oklahoma Alcoholic Beverage Tax Bond to ensure payment of excise taxes. The bond amount is determined by the Commission based on the volume of alcohol sold or distributed.
How Much Do Alcohol Tax Bonds Cost in Oklahoma?
Oklahoma mixed beverage gross receipts tax bond costs start at $100 annually and vary based on the bond coverage:
- Under $8,000 coverage: $100 premium
- $8,000–$10,000 coverage: $12 per $1,000 of coverage
- Over $10,000 coverage: Requires an application to determine pricing
Alcoholic beverage tax bonds in Oklahoma cost $12 per $1,000 of coverage, regardless of the bond amount. Get your instant price quote and checkout online now.
SuretyBonds.com works with the top surety providers nationwide to provide the most affordable Oklahoma alcohol tax bond rates with no fees.
How Does an Oklahoma Alcohol Tax Bond Work?
An Oklahoma alcohol tax bond protects the state and the public by creating a legally-binding contract between three parties:
- Principal: The alcohol-related business purchasing the bond
- Obligee: The Oklahoma Tax Commission that requires the bond
- Surety: The provider issuing the alcohol tax bond
By filing these bonds, principals agree to operate as required by the Oklahoma Tax Commission. If you fail to do so, the surety will pay harmed parties valid claims up to your full bond amount, which you must ultimately reimburse.
How Do I Get an Alcohol Tax Bond in Oklahoma?
SuretyBonds.com provides the fastest and easiest way to get Oklahoma alcohol tax bonds. Just follow these quick steps:
- Select the bond you need.
- Checkout online.
- Receive your bond instantly via email.
- File the bond with the Oklahoma Tax Commission.
Renew your bond annually to maintain licensure. A SuretyBonds.com representative will contact you during the renewal period with a new invoice and any necessary documentation.
