Texas Combative Sports Promoter Bond: Why You Need 2
Texas Promoter Bond – You Need Two
Since 1941, Texas legislature has required combat sports promoters to hold surety bonds (more commonly known as Promoter Bonds) with their licenses.
As a promoter of combative sports in Texas, you need to hold two bonds:
- a general license bond and
- a gross sales tax receipt bond
When you apply for your Texas promoter’s license, you will be required to obtain these bonds before you can be issued a license.