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§37-578.


§37-578.
   
   A. Every holder of a mixed beverage, beer and wine, caterer or special
   event license issued by the Alcoholic Beverage Laws Enforcement
   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.
   
   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 576 of this title. 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.
   

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