Texas Combative Sports Bond for Gross Tax Receipts |
AmeriPro Surety Bonds | 844-589-9732
Licensing of TX Combative Sports Promoters
Texas sports promoters – and this includes those who are promoters of amateur sports — are required to furnish a $15,000 sports promoter bond for tax receipts.
The formal title of this bond is the Texas Combative Sports Promoter Bond for Gross Tax Receipts. Its purpose is just as it sounds:
According to the Texas Occupation Code 2052.151, sports promoters are required, within 3 business days after the end of an event (whether or not it is televised), to provide information on the tickets sold.
This includes the number of the tickets; the price charged for the tickets (including television broadcasting); and the remittance of the taxes owed.
Your bond serves as a financial guarantee for Texas that you’ll be in compliance with these requirements.
Qualifying and the Premium
Qualifying for the $15,000 Texas combative sports bond for gross tax receipts includes completing a short surety bond application, and undergoing an underwriter review of the application. We’ll begin the application with you over the phone.
This review includes a credit check inquiry.
Good credit is required for approval, and the rate is $150 annually.
Upon approval of your application, and payment of the premium, our agency issues your bond to you immediately.
It is the original surety bond, along with a Power of Attorney, that you file after signing as Prinicpal.
You’ll file all completed and signed documents to:
Texas Department of Licensing and Regulation (TDLR)
Compliance Division/COMBATIVE SPORTS PROGRAM
P.O. Box 12157
Austin, TX 78711
Premium Prepayment Options
Your surety bond is issued for a standard one year term, renewing on the anniversary of its issuance. Our agency gives you the opportunity to prepay your premium up to 3 years.
Prepayment of your premium offers you a savings over annual renewals.
The premium prepayment option and savings are as follows:
- If prepaid for 2 years, the premium is $270, a $30 savings;
- If prepaid for 3 years, the premium is $390, a $60 savings.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and probate surety bonds in Texas and all 50 states.
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