New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 3 - ALCOHOLIC BEVERAGE TAX ACT- STATE LICENSEES
Subchapter 5 - BONDS
Section 18:3-5.1 - Bond requirements

Universal Citation: NJ Admin Code 18:3-5.1

Current through Register Vol. 56, No. 18, September 16, 2024

(a) All applicants for licenses and special permits are required to post with the Director a bond or other security in form and amount satisfactory to him or her, conditioned for the payment of all taxes, penalties and interest which may accrue, except applicants for:

1. Plenary retail transit licenses who do not operate under Federal Highway Administration regulations;

2. Special permits to sell alcohol at retail;

3. Special permits to sell to consumers;

4. Special permits for home manufacturing of wine for personal consumption;

5. Club licenses;

6. Plenary or seasonal retail consumption licenses;

7. Plenary or limited retail distribution licenses.

(b) The bond under (a) above shall be in such form as approved by the Director, shall be executed by a surety company duly licensed to do business under the laws of the State of New Jersey, and shall be conditioned upon the prompt filing of true reports and the payment by the licensee to the Director of all alcoholic beverage taxes which are due at the time of filing or which thereafter may be levied or imposed by the State, together with any and all penalties and interest thereon, and generally upon faithful compliance with the provisions of this chapter.

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