LBD-15 - Bond Amounts

The Department does annual bond reviews, and the bond amount may be lower or higher based on the bond requirements. The bond requirement after the initial year is four times the average monthly tax liability for a 12-month period. Effective July 1, 2024, however, the minimum bond amount for all liquor-by-the-drink bonds is $10,000. The Department will notify you about any increases or decreases.

Note: This article was updated on May 9, 2024, as a result of a law change. The previous version of LBD-15 is available here.

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