How much does an alcohol tax bond cost in Tennessee?
The state of Tennessee requires professionals who sell alcoholic beverages for consumption on a specific premises to post a $10,000 surety bond.
SuretyBonds.com issues these bonds instantly for just $120 with no underwriting. Simply click Buy Now to purchase your bond directly from our site using our secure bond checkout. It only take a few minutes to be on your way to getting your Tennessee alcohol tax bond.
|Bond Type||Bond Amount||Cost|
|$10,000 Alcohol Tax Bond Sale of Alcohol on Premises||$10,000||$120|
Why do I need this bond?
Tennessee tax bonds for sale of alcohol on the premises ensure that principals (licensed sellers of alcohol) adhere to the provisions of the Tennessee Code Annotated, Section 57-4-101. This specific bond also protects the State of Tennessee by ensuring that the principal will properly pay all state taxes, sales taxes, interest and penalties that are connected with selling alcoholic beverages for consumption on the premises.
What’s the fine print?
The company’s FEIN and county must be listed on the bond form. The signature of whoever signs the bond on behalf of the company must be notarized. Tennessee tax bonds for sale of alcohol on the premises are continuous until canceled, and the surety company must provide written notice of the bond’s cancellation to the Commission at least 60 days in advance.
How to legally sell alcohol for consumption in Tennessee
Applicants planning to sell alcohol for consumption on the premises must submit a complete application. Below is a list of several of licensing requirements.
- Exact business location
- Business phone number
- Name of business contact person
- Federal Employer’s Identification Number
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