2015 Oklahoma Statutes
Title 37. Intoxicating Liquors
§37-559. Posting of bond or other security to insure payment of excise taxes.

Every manufacturer, importer, broker or other who sells alcoholic beverages to a wholesaler, or Class B wholesaler in Oklahoma, after having been issued a license by the Alcoholic Beverage Laws Enforcement Commission, shall, before manufacturing, purchasing, or selling any alcoholic beverage within this state, file with the Oklahoma Tax Commission a bond issued by a surety company authorized to transact business in this state, in such amount as the Oklahoma Tax Commission may fix, but which shall be at least equal to the estimated amount of the tax liability of such licensee for a three-month period, to secure the payment of all excise taxes due from sales of alcoholic beverages to a wholesaler, or Class B wholesaler, under the provisions of the Oklahoma Alcoholic Beverage Control Act. Provided, that the amount of the bond for every wholesaler or Class B wholesaler shall be not less than One Thousand Dollars ($1,000.00). Such bonds shall be payable to the State of Oklahoma and conditioned upon the compliance with the excise tax provisions of the Oklahoma Alcoholic Beverage Control Act and the rules and regulations of the Oklahoma Tax Commission relating thereto. In lieu of such surety bond, any such manufacturer, wholesaler, or Class B wholesaler, may deposit cash or negotiable securities, approved by the Oklahoma Tax Commission, in such amount as it may prescribe.

Added by Laws 1959, p. 169, § 59. Amended by Laws 1980, c. 143, § 10, operative Jan. 1, 1981; Laws 1985, c. 6, § 55, emerg. eff. March 14, 1985; Laws 1994, c. 278, § 2, eff. Sept. 1, 1994.