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A boat bill of sale is a legal document that records the transfer of ownership of a vessel, and its requirements may vary by state. It is essential for completing state permit applications and serves as proof of transaction, which is useful for tax purposes. A proper boat bill of sale should include the identities of the buyer and seller, the sale price, and the official date of the transaction. Additionally, it's advisable to mention the location of the sale, especially if the buyer and seller are in different states. The governing law will be that of the state where the boat will be docked.
