Maryland Beer Bond
Maryland Beer Bond Information
A Beer Bond (Maryland Form 365-1) and a Beer Bond for Non Resident or Resident Dealers are types of surety bonds required for those in the business of selling beer within the State of Maryland pursuant to Section 13-825, Tax-General Article of the Annotated Code of Maryland. The surety bonds are typically in an amount or coverage of $1,000 or $5,000 and are deposited with the Comptroller of the State of Maryland.
The Beer Bonds are conditioned upon payment to the Comptroller of all beer taxes levied or imposed by the State of Maryland, together with any and all penalties along with prompt filing of true reports with the Comptroller as required by law. The bond is continuous in force until cancelled by the surety company in accordance with provisions of the state laws.
Certain businesses in Maryland may also need to furnish a Wine and Liquor Tax Bond.