Any holder of a license or permit issued by the Oklahoma Alcoholic Beverage Laws Enforcement Commission pursuant to Title 37A of the Oklahoma Statutes which requires the license or permit holder to furnish to the Oklahoma Tax Commission a bond, shall be exempt from such bond requirement if the license or permit holder has held such license or permit and required bond for ten (10) consecutive years while remaining compliant in all required tax payments to the Oklahoma Tax Commission for those ten (10) years. This bond exemption shall apply to all license and permit holders who are compliant or become compliant with this section before or after the effective date of this act. The bond requirement exemption shall terminate if the license or permit holder becomes delinquent or incompliant with tax payments to the Oklahoma Tax Commission and the license or permit holder shall be required to furnish the Oklahoma Tax Commission with such bond as originally required by the license or permit.
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