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BTLG Table of Contents > Alcoholic Beverage Tax Law > Chapter 3 > Section 32103

Alcoholic Beverage Tax Law

Revenue and Taxation Code

Division 2. Other Taxes
Part 14. Alcoholic Beverage Tax
Chapter 3. Registration and Bonds

Section 32103

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32103. Amount. Subject to limitations provided in this article, the board shall fix the total amount of the security required of any taxpayer and may increase or reduce the amount at any time. In fixing the total amount, the board may set an amount which is not less than five hundred dollars ($500) and not more than twice the taxpayer's estimated monthly tax for taxpayers reporting monthly, or not more than twice the taxpayer's estimated tax for the tax reporting period for taxpayers reporting for periods longer than one month ascertained in such manner as the board may deem proper.

History—Stats. 1972, Ch. 969, in effect March 7, 1973, repealed the original section which required the board to set the total bond amount at twice the taxpayer's estimated monthly liability and not less than $500, and enacted the present section. Stats. 1975, Ch. 1186, in effect January 1, 1976, added the phrase regarding taxpayers reporting for periods longer than one month. Stats. 1993, Ch. 1113, in effect January 1, 1994, substituted "security" for "bond or bonds" in the first sentence.