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K.A.R. 92-24-23

Bond.

Official textus-ks/regssos.ks.govlast amended
Summarize

# (a)

Each applicant or licensee submitting an application for a new license or for renewal of an existing license shall post or have posted with the department of revenue a bond in an amount equal to three months’ average liquor drink tax liability or $1000, whichever is greater, at the time of the application. Any new applicant who has no previous tax experience may estimate that person’s expected liquor drink tax liability projected over a 12-month period and submit a bond in an amount equal to 25% of the projected tax liability or $1000, whichever is greater. A certificate of liquor drink tax registration shall not be issued until the bond requirement is satisfied.

# (b)

Bond requirements may be satisfied through surety bonds purchased from a corporate surety, escrow bond agreements, or the posting of cash bonds.

# (c)

An additional bond may be required by the secretary of revenue at any time if the existing bond is not sufficient to satisfy the three months’ average liability of the licensee.

# (d)

The existing liquor drink tax bond requirement for any licensee may be waived by the secretary of revenue if the relief is requested in writing and the licensee has remained compliant with K.S.A. 79-41a01 et seq., and amendments thereto, for at least 24 consecutive months before the date of the request for bond relief. If, after the bond is released, the licensee becomes delinquent in fil-Agricultural Ethyl Alcohol Producer Incentive ing and remitting the liquor drink tax, a bond shall be required for any subsequent renewal of the license. (Authorized by and implementing K.S.A.
2009 Supp. 79-41a03; effective, T-83-30, Oct. 25, 1982; effective May 1, 1983; amended, T-88-58,
Dec. 16, 1987; amended May 1, 1988; amended Jan 4, 2002; amended Nov. 29, 2010.)

Amendment history

(Authorized by and implementing K.S.A. 2009 Supp. 79-41a03; effective, T-83-30, Oct. 25, 1982; effective May 1, 1983; amended, T-88-58, Dec. 16, 1987; amended May 1, 1988; amended Jan 4, 2002; amended Nov. 29, 2010.)

Source: official source document (2022 KAR Book 4, Kansas Secretary of State)

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In this article (21 sections)
  1. 92-24-1 · (Authorized by K.S.A. 1979 Supp. 79-41a01, 79-41a03;…
  2. 92-24-5 · 92-24-5
  3. 92-24-6 · 92-24-6
  4. 92-24-7 · 92-24-7
  5. 92-24-8 · 92-24-8
  6. 92-24-9 · Definitions.
  7. 92-24-10 · Registration certificates; application; display; revocation.
  8. 92-24-11 · Application of tax.
  9. 92-24-12 · Sales tax inapplicable.
  10. 92-24-13 · Assumption of tax by licensee prohibited.
  11. 92-24-14 · Time for returns and payment of tax; forms.
  12. 92-24-15 · Records required.
  13. 92-24-16 · Source record requirements.
  14. 92-24-17 · Daily summary.
  15. 92-24-18 · Licensee’s inventory; sales slips.
  16. 92-24-19 · Price listing statements.
  17. 92-24-20 · 92-24-20
  18. 92-24-21 · Report of alcoholic liquor lost through theft or disaster.
  19. 92-24-22 · Determination of tax liability; presumption of taxable…
  20. 92-24-23 · Bond.
  21. 92-24-24 · Duty of licensees discontinuing business.
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