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North Carolina Beer and/or Wine Wholesaler and Importer Bonds


What is a North Carolina Beer and/or Wine Wholesaler or Importer Bond?

The North Carolina Department of Revenue requires that wholesale distributors or importers of beer and wine furnish a surety bond to the state. This surety bond is called a Tax Bond for Alcoholic Beverage Wholesalers or Importers in the state and its written on Form B-C-790. The surety bond coverage amount varies and is based on the applicants annual state tax liability as determined by the Secretary of Revenue. This surety bond is specifically mandated for those desiring to conduct business in the State of North Carolina as wholesalers or importers of alcoholic beverages as defined in North Carolina G.S. 105-113.68(a)(5), (7) and (12) since these beverages are subject to the North Carolina excise tax levied in North Carolina G.S. 105-113.80(a) and (b).

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Beer and/or Wine Wholesaler or Importer Bond
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Why is a North Carolina Beer and/or Wine Bond Required?

The bond applies to those engaged in business in the State of North Carolina as wholesalers or importers of the beverages as defined in North Carolina G.S. 105-113.68(a)(5), (7) and (12). The bond ensures that the bonded principal meets all North Carolina Department of Revenue reporting requirements and promptly pays all state beverage excise taxes when due.

Additional North Carolina Beer and/or Wine Bond Resources & Links

North Carolina Department of Revenue Alcoholic Beverages Tax Forms and Instructions

Because the Beer and/or Wine Wholesaler or Importer Bond guarantees tax payments, it is considered a higher-risk, financial guarantee bond. As a result, these bonds can sometimes be more expensive than many surety bonds. It is important to rely on experienced, surety bond experts like those at Surety Bonds Direct to find the lowest rate in the market for these higher-risk bond types.