- (a) Excise tax bonds required by Chapter 204 of the Alcoholic Beverage Code and by §33.22 of this title of license or permit holders authorized to import beer 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 administrator. The maximum bond fixed by the administrator shall 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 administrator as he deems necessary shall cause an investigation to be made of the adequacy of any bond and shall make adjustments as he deems justified.
Source Note:The provisions of this §41.42 adopted to be effective January 1, 1976; amended to be effective September 18, 1978, 3 TexReg 3093; amended to be effective November 15, 2012, 37 TexReg 8973.