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A docHubd bill of sale is required with the registration to transfer ownership. If a title is available, it and Department of Highway Safety Motor Vehicle (DHSMV) form 82040 (title application form) must be completed for processing. Sales tax will be collected if applicable.
Complete the Watercraft Registration/Title Application form. Gather original boat title, signed over to buyer, and the bill of sale. Complete the RUT-75 tax form (available by request from IDNR or Department of Revenue). Pay appropriate fees and taxes (current sales tax rate is 6.25% of the purchase price).
The bill of sale records essential information surrounding the transaction, such as the vessels 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).
In Illinois, you must have an Illinois Certificate of Number (registration), expiration decals, and Certificate of Title to operate a vessel legally on public waters. Exceptions to the requirement to register recreational vessels include: Unpowered vessels, including canoes, kayaks, and paddleboards.
To get a title for a boat without a title you will need to contact your local Department of Motor Vehicles. Each state has different legislation regarding boat titles, so you could also need a bill of sale from the boat owner you are buying from, in order to prove ownership of the vessel.
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Aircraft and watercraft acquired by gift, donation, transfer, or non-retail purchase from a private party are subject to tax but must be reported on Form RUT-75, Aircraft/Watercraft Use Tax Return.
How Do I Get a Bonded Title? Submit any evidence you have of your ownership of the vehicle, such as a bill of sale. Obtain the vehicles current wholesale value from an authorized source. Purchase an Illinois title bond in an amount equal to 1 times the vehicles value. Complete a Motor Vehicle Use Tax Return.
Complete and mail the Notice of Sale form (attached to the bottom of the title) to the Secretary of States office. If the title does not contain a Notice of Sale form, it may be down- loaded at .
Completed Watercraft Application check TRANSFER/RENEWAL box. Original Illinois watercraft title or; Power of Attorney form and if applicable, lien release letter. Check or money order payable to IDNR (see fee chart) Dealer - ST-556 tax form; Retailer - RUT-25 tax form and Bill of Sale.
Since Illinois does not legally require a bill of sale, the DMV does not provide one. If you are looking for a template or example document, there are plenty of useful forms available online via search. Once you have found a form, make sure to print off two copies: one for you and one for the buyer.

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