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Why is a North Carolina Alcoholic Beverage 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 Alcoholic Beverage Bond Resources & Links
North Carolina Department of Revenue Alcoholic Beverages Tax Forms and Instructions
Because the Surety Bond guarantees tax payments, it is considered a higher-risk, financial guarantee bond. As a result, these bonds can sometimes be more expensive than some other surety bonds if the bond amount is high. 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.
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