Illinois Watercraft Boat With Cabin
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How to fill out Illinois Bill Of Sale For WaterCraft Or Boat?
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FAQ
Number must be placed on each side of the bow of the vessel. Number must read from left to right on one line, starting with two capital letters?IL?followed by a space and four digits followed by a space and two capital letters, for example: IL 1234 AB. Number must be in at least three-inch-high BLOCK letters.
The rate of tax is 6.25 % of the purchase price for each watercraft that is subject to tax under the Law [35 ILCS 158/15-15 ].
Illinois Boat Bill of Sale You can register your vessel with the Illinois Department of Natural Resources. You don't need a boat bill of sale for this process, but having one is still a good idea.
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.
Illinois Boat Registration To transfer registration, the new owner must complete the following steps: Complete the Watercraft Registration/Title Application form. Gather original boat title, signed over to buyer, and the bill of sale.
