Alcohol and liquor tax bonds guarantee payment of taxes or fees imposed by state or local law for the sale, wholesale, manufacture or warehousing of liquor and other alcoholic beverages (ie. beer and wine) in accordance with ABC/SLA. This type of surety bond is a financial guarantee that protects the obligee, which in this case is the government entity that requires the bond, from falsified records of sale, or an inability to pay requisite taxes on previous sales.