This is a bill of sale for the sale of a watercraft such as a boat. It provides for the seller, buyer consideration and boat description.
Minneapolis Minnesota Bill of Sale for WaterCraft or Boat
Category:
State:
Minnesota
City:
Minneapolis
Control #:
MN-00431A
Format:
Word;
Rich Text
Instant download
Description
How to fill out Minnesota Bill Of Sale For WaterCraft Or Boat?
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FAQ
Transfers of titled watercraft must take place on the Minnesota or foreign state title. A Non-titled watercraft being transferred must be done with a bill of sale, with signatures of both buyer and seller, and have all the watercraft information.
General Sales Tax Overview The State of Minnesota requires sales tax to be collected by businesses selling boats. Minnesota Sales tax rate on boats is 7.125%. Boat Trailers are taxed at 6.5%. Minnesota Residents are required to pay sales tax and registration to Used Boat World for purchases of boats and trailers.
A Minnesota boat bill of sale is a legal document that proves a sale and purchase of a vessel has occurred in the State of Minnesota. This form provides specifics about the boat and an established change of ownership. It also includes information about the buyer and seller that are required for registration.
All motorized watercraft 10ft and more needs to be registered in the state. Boat registrations are good for 3 calendar years. Any vessel that is used or moored on Minnesota waterways, including private lakes, must be registered.
A person acquiring a watercraft, required to have a certificate of title under this section, through a sale or gift does not acquire a right, title, claim, or interest in the watercraft until the person has been issued a certificate of title to the watercraft or has received a manufacturer's or importer's certificate.
Does a Boat Bill of Sale Need to Be Notarized in Minnesota? The form does not require notarization in order to be valid. However, you can have it notarized if you want some extra protection.
Transfer from a private seller: Buyer will complete and sign the back of the title. Transfer fee is $17.00. Original signed Certificate of Title if the boat is coming from a state that titles boats or a registration card and bill of sale if the boat is coming from a state that does not title boats.
A Minnesota motor vehicle bill of sale is a legal document that serves as a recording that two (2) parties have executed the sale of a motor vehicle. The document also establishes a change of ownership and provides the required information for the vehicle's registration. This form requires notarization.
