SRC-JBJ S.B. 603 76(R)BILL ANALYSIS Senate Research CenterS.B. 603 By: Nelson Economic Development 6/21/1999 Enrolled DIGEST Currently, the Alcoholic Beverage Code exempts certain alcoholic manufacturers and distributors from posting a bond with the Texas Alcoholic Beverage Commission. The distributors possess a wholesaler's permit or Class B wholesaler's permit. The bond, a condition of most permits, helps to ensure that the permit holder remains current with all required taxes and fees for the preceding 36 months. S.B. 603 will add permit holders of a winery or a wine bottler to the bond posting exemption. PURPOSE As enrolled, S.B. 603 exempts winery and wine bottlers from the bonding requirement. RULEMAKING AUTHORITY This bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Sections 204.01(f) and (i), Alcoholic Beverage Code, to provide that the holder of a winery or wine bottler's permit is not required to furnish a bond if, for the preceding 36 months, the permittee or licensee paid all taxes by a certain date as required by this code. Exempts a permittee or licensee who qualifies for an exemption under Subsection (f) from the bonding requirement for any winery permit or wine bottler's permit. SECTION 2. Effective date: September 1, 1999. SECTION 3.Emergency clause.