Alcoholic Beverages - As enacted, requires, in the context of licensee bond payments, each holder of a license authorizing the consumption of alcoholic beverages on the premises to post with the department of revenue a bond of not less than $10,000 for purposes of ensuring proper payment of taxes in accordance with rules promulgated under the bill. - Amends TCA Title 57 and Title 67.

This bill requires businesses that serve alcohol on their premises to post a minimum $10,000 bond with the state tax department to guarantee payment of owed taxes. The law applies to any entity holding a license to consume alcoholic beverages on-site and aims to ensure these businesses meet their tax obligations as outlined in new state rules. By amending existing tax codes, the legislation establishes a financial guarantee mechanism for alcohol license holders to secure proper tax collection.