Okla. Stat. tit. 37A, § 37A-5-134: Mixed beverage, beer and wine, caterer, public event or

special event license holders - Bond required for gross receipts tax

liability.

A. Every holder of a mixed beverage, beer and wine, caterer,

public event or special event license issued by the ABLE Commission,

as a condition precedent to the issuance of a mixed beverage tax

permit, shall furnish to the Oklahoma Tax Commission a bond from a

surety company chartered or authorized to do business in this state,

cash bond, certificates of deposits, certificates of savings or U.S.

Treasury bond, or an assignment of negotiable stocks or bonds, as

the Tax Commission may deem necessary to secure payment of the gross

receipts tax levied upon gross receipts of the licensees.

B. Any surety bond furnished under this section shall be a

continuing instrument and shall constitute a new and separate

obligation in the sum stated therein for each calendar year or a

portion thereof while such bond is in force. Such bond shall remain

in effect until the surety or sureties are released and discharged

by the Tax Commission.

C. The Tax Commission, or its duly authorized agent, shall fix

the amount of such bond or other security for each licensee for each

place of business after considering the estimated gross receipts tax

liability of such licensee. Such bond shall be no less than an

amount equal to the average estimated quarterly gross receipts tax

liability and no greater than an amount equal to three times the

amount of the average estimated quarterly gross receipts tax

liability. The minimum bond required for a new permit holder shall

be not less than One Thousand Five Hundred Dollars ($1,500.00).

D. Notwithstanding the provisions of subsection C of this

section, if the permit holder has held the permit for at least four

(4) years and is not delinquent in the payment of mixed beverage

taxes, the Tax Commission shall not require any increase in the bond

so long as the permit holder remains current in the payment of such

taxes.

E. Any bond or other security shall be such as will protect

this state against failure of the taxpayer or licensee to pay the

tax levied by Section 108 of this act. The forfeiture or

cancellation of such bond or security, for any reason whatsoever,

shall automatically revoke the mixed beverage tax permit issued

pursuant to the provisions of the Oklahoma Alcoholic Beverage

Control Act.