Section 15 AAC 60.080 - Warehouse bonds(a) An applicant for a warehouse license shall post a bond in an amount sufficient to guarantee payment of the alcoholic beverage excise tax on the alcoholic beverages to be stored in the licensed warehouse, as defined in (c) of this section. The bond may be in the form of a surety bond and made payable to the department, cash deposited with the department, or a letter of credit from a bank.(c) The alcoholic beverage excise tax on the alcoholic beverages to be stored in the licensed warehouse is the amount of tax that would be payable on the anticipated maximum quantity of inventory to be held in the warehouse at any time during the license period. The anticipated maximum quantity of inventory must be determined subject to the approval of the department, on the basis of past experience and any reasonably expected changes in the market during the license period.Eff. 8/7/82, Register 83; am 7/8/2020, Register 235, October 2020Authority:AS 43.05.080
AS 43.60.011
AS 43.60.040