This forms package contains a Bill of Sale, Odometer Statement and Promissory Note. It is for the situation where the Buyer may be making a downpayment and paying the balance over time.
Illinois Bill Of Sale For Boat
State:
Illinois
Control #:
IL-00431-C
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Illinois Bill Of Sale For Automobile Or Vehicle Including Odometer Statement And Promissory Note?
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FAQ
If you acquire a watercraft from a person or business that is not in the business or selling watercraft at retail, you must file Form RUT-75, Aircraft/Watercraft Use Tax Transaction Return. You must pay 6.25% watercraft use tax on the watercraft's purchase price. 35 ILCS 158/15-15.
Completed Online Watercraft Application ? check NEW box. Original out-of-state title (if titled) or registration card (if non-titling state) Electronic Payment for registration fees (see fee chart) RUT-75 tax form. Copies of Bill of Sale or Purchase Agreement.
Illinois Boat Bill of Sale Requirements Year and make of the boat. Title number, if it had a previous title. Hull number, if the boat has a hull number. Registration number if the boat was previously registered. Buyer's name and mailing address. Seller's name and mailing address. Motor year, make, and horsepower.
The bill of sale records essential information surrounding the transaction, such as the vessel's basic details and the agreed-upon purchase price. A new owner must present this document upon registering their vessel with the Illinois Department of Natural Resources (DNR).