Mississippi Sales Tax Bond When you start your liquor business, you'll be required to obtain an alcohol tax bond by the state of Mississippi.. It is a prerequisite for participating in the sale, manufacturing and warehousing of alcohol. The alcohol bond, also known as a liquor bond, is a type of tax bond that guarantees the payment of taxes on all transactions with liquor. Thus it protects the authority requiring it, in case you are unable to pay collected taxes or you keep fraudulent records. The Department of Revenue in Mississippi also uses this same sales tax bond for other businesses that are required to report their sales to the department.