The state of Oregon presented a new bill affecting various types of businesses. The new bill, which is titled HB 3128, authorizes the Oregon Liquor Control Commission to relinquish the surety bond required for a grower sales privilege, warehouse licensees, direct shipper or wine self-distribution permit holders. The present bill requires a surety bond to guarantee the payment of the applicable taxes for these various businesses. HB 3128 extends an existing exemption to these businesses but only if they were instituted in the year immediately preceding the permit term with no anticipated tax liability.
Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.