Nevada Liquor Tax Bond

Nevada Liquor Tax Bond

The State of Nevada requires importers and wholesalers of alcoholic beverages, as well as brewers and winemakers to be licensed with the Nevada Department of Taxation. A requirement of the license application process is the filing of a Liquor Excise Tax Bond. 

VIEW YOUR BOND PRICE

Jet Insurance Company provides the Liquor Excise Bond as an extra layer of assurance for the Nevada Department of Taxation that the licensee will pay all excise taxes, interest, penalties, and any other fees due promptly and appropriately. If the licensee fails to fulfill such obligations, Jet will use the surety bond to act as a financial guarantee for the Nevada Department of Taxation. 

How Is the Bond Limit Determined for the Nevada Liquor Tax Bond? How Much Does It Cost?

The Nevada Department of Taxation is responsible for approving custom bond limits of its liquor license applicants. The limit for the Liquor Excise Tax Bond is based on the occupation the applicant is seeking and the greatest amount of excise taxes paid or estimated to be paid by the individual. Importers and/or wholesalers of beer, wine, and liquor are required to file a surety bond with a limit of $50,000, while those who work with beer only may file a bond with a $10,000 limit. Brewers and winemakers must file a bond with a minimum $1,000 limit.

Our prices at Jet are based on a small percentage of the bond limit and the personal credit score of the surety bond applicant. For example, those applying for the Liquor Tax Bond with a $10,000 limit can pay as low as $100 annually or choose a convenient price of $10 per month. Refer to the chart below for further custom bond limits and our preferred credit tier rates.

Bond AmountMonthlyAnnual
$10,000$10$100
$20,000$20$200
$30,000$30$300
$50,000$50$500
Nevada Liquor Tax Bond Rates

Our monthly payment plan is a great option for licensees who are planning to stay in the Nevada liquor industry for the foreseeable future. Simply set up your preferred account for continuous payments and keep your bond active for as long as you'd like. You can also cancel at any time with no additional fees!

Why Is the Nevada Liquor Excise Tax Bond Required?

The Department of Taxation is responsible for administering liquor licenses in the State of Nevada and is also in charge of managing excise taxes accumulated by the alcoholic beverage industry, which includes liquor importers and wholesalers, brewers, and winemakers. The NDOR uses the Liquor Tax Bond as a licensing requirement to ensure that even if the individual fails to uphold license obligations, the Department of Taxation will still receive payment for all excise taxes, interest, penalties, and any other fees owed to them through the financial guarantee of the surety bond. In short, the Liquor Tax Bond basically alleviates the Department of Taxation of any risk when granting licenses. 

Licensed wholesalers, importers, brewers, and winemakers who have maintained a satisfactory record for payment of excise taxes and other feeds for five consecutive years can be granted an exemption from the Liquor Excise Tax Bond. Approval for such must be obtained from the Department of Taxation.

Applying for the Nevada Liquor Tax Bond With Jet

Jet has created an easy online application for all of the surety bonds we offer, including the Liquor Tax Bond. The application will ask for some general information such as your contact details, the required bond limit, years in business, and your social security number for a soft credit check. Once submitted, a Jet team member will conduct a quick review to get you an approved rate. These options will be sent over to you right away and are ready for immediate purchase. Just complete payment and receive a copy of your bond and receipt instantly.

How Does the Liquor Tax Bond Get Filed to the Nevada Department of Taxation?

Jet can take care of filing the bond for you! The original signed and sealed Liquor Tax Bond must be filed with the Nevada Department of Taxation’s Carson City office. The surety bond must remain on file in order to maintain an active liquor license.

If you would prefer to file your bond yourself, perhaps with your required license application forms, this option can be selected at checkout. All documentation should be sent to the following mailing address:

State of Nevada Department of Taxation
1550 College Parkway, Suite 115
Carson City, NC 89706

What Happens if I Need to Cancel My Liquor Excise Tax Bond?

If you need to cancel your Liquor Tax Bond at any time, just email us a written request at [email protected] and we will begin the cancellation process. Notice of your bond’s termination will be sent to the Nevada Department of Taxation. Once received, the liability of the bond will be released within 30 days. 

Bondholders that are part of Jet’s monthly payment plan must make one last payment during that 30-day period as your bond is technically still active. Payments will immediately cease once your bond has officially been released and canceled. Regarding refunds, Jet does not reimburse bondholders who have purchased a 1-year bond term as the premium is fully earned. However, if a multi-year bond term was purchased, Jet will refund the bondholder any unused premium found as soon as the grace period ends.

How to Renew the Nevada Liquor Tax Bond

You won’t have to manually renew your Liquor Excise Tax Bond if you chose Jet’s monthly payment option! Payments will continue to come out of your preferred account until the bond’s cancellation is sought?meaning, your bond will remain active for as long as you’d like. 

For bondholders that make annual payments, Jet will send a renewal invoice to your email and physical mailing address far before your bond term expiration date hits. Simply complete payment for another term and you’ll be all set! 

If your bond limit ever needs to be updated, you can let us know by email at [email protected] or call our office at 855-296-2663 and we can help you out right away.

How Does a Nevada Licensee Avoid Liquor Tax Bond Claims?

Alcoholic beverage importers and wholesalers, as well as brewers and winemakers, are expected to follow all regulations pursuant to the Nevada Revised Statutes Title 32, Chapter 369 as it pertains to the obligations of their license. A violation of these rules may lead the Nevada Department of Taxation to charge the licensee interest and/or penalty fees. The suspension or revocation of the individual’s license and a claim on the Liquor Excise Tax Bond are also possible scenarios.

For winemakers and liquor wholesalers, importers, and brewers, earned excise taxes are due on the 20th of the following month, each month. If the taxes are not paid by the due date, a penalty of 10% and an additional interest rate will be added for every month that payment is not received. In cases where the licensee consecutively misses payments and refuses to pay what is owed or is unable to do so, the Nevada Department of Taxation will file an official claim on the bond.

It is in your best interest to work with the Department of Taxation to try and resolve any payment issues before a loss of license and expensive bond claim ensues.

What Happens if I Get a Nevada Liquor Excise Tax Bond Claim?

Jet will immediately contact you once we receive notice of a bond claim from the Nevada Department of Taxation. If available, we will ask for any documentation and information regarding the claim as this info will be used for our own evaluation and investigation. Faulty and mistaken bond claims do occasionally happen so we want to thoroughly review the details before making any claim payouts. 

If the claim is justified, Jet is legally obligated to make payment of the claim amount, but not to exceed the Liquor Tax Bond’s limit. You, the licensee, are ultimately held responsible for your actions and must reimburse Jet for the claim payout made on your behalf. Failure to do so will result in future difficulties obtaining a surety bond in the State of Nevada, specifically license bonds that are needed to work in the liquor industry.

Are There Other Tax Bonds Required in Nevada?

Yes, there are multiple three Tax Performance Bonds (including the Liquor Tax Bond) in Nevada, depending on the type of work being performed. Review the other two below:

Nevada Liquor Tax Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: