On finding it necessary to ensure compliance with this chapter, the commissioner may require that a distributor deposit with the commissioner security in the form and amount determined by the commissioner, but not more than the lesser of (1) twice the estimated average monthly tax liability for the previous 12 months, or (2) $10,000.
In lieu of security, the commissioner may require a distributor to file a bond issued by a surety company authorized to transact business in this state and approved by the commissioner of commerce as to solvency and responsibility.
The commissioner may make claim against this security or bond for all taxes, penalties, and interest owed by the distributor.
1994 c 633 art 2 s 18
Structure Minnesota Statutes
Chapters 296 - 299 — Excise And Sales Taxes
Section 297E.01 — Definitions.
Section 297E.02 — Tax Imposed.
Section 297E.021 — Special Allocation Of Revenues.
Section 297E.03 — Sports Bookmaking Tax.
Section 297E.031 — Gambling Tax Permit.
Section 297E.04 — Manufacturer's Reports And Records.
Section 297E.05 — Distributor Reports And Records.
Section 297E.06 — Organization Reports And Records.
Section 297E.07 — Inspection Rights.
Section 297E.10 — Extensions For Filing Returns And Paying Taxes.
Section 297E.11 — Limitations On Time For Assessment Of Tax.
Section 297E.12 — Civil Penalties.