SECTION 41.39. Amount of Excise Tax Bonds

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(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.

Source Note: The provisions of this §41.39 adopted to be effective December 6, 2021, 46 TexReg 8246

                    
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