People also ask
Can I register a boat with a bill of sale in Illinois?
The buyer can use the boat bill of sale and the signed title to register the boat for use on public waters.
Can you gift a boat in Illinois?
Obviously when an Illinois resident purchases a boat or other watercraft, sales tax usually applies. But when folks get a boat via gift, donation, transfer or non-retail purchase, in most instances the new owner of the vessel must pay the state's 6.25 percent use tax, along with any applicable local taxes.
Do I have to pay sales tax on a used trailer in Illinois?
Trailers & Vehicles with the owner's address in the state of Illinois will be assessed a Illinois title issueance fee $95 and plate/registration which is based on weight. Sales tax is charged at 6.25% for the state of Illinois and also for the following states...
How do I get a rut-75 in Illinois?
Form RUT-75 is generally obtained when you license and title your aircraft or watercraft at the appropriate state agency, i.e., the Illinois Department of Transportation (for aircraft) or the Illinois Department of Natural Resources (for watercraft). Do not make copies of the form prior to completing.
Do I have to pay sales tax on a used boat in Illinois?
You must pay tax on the watercraft's purchase price. If the watercraft's purchase price is less than the fair market value, you must pay tax on the watercraft's fair market value on the date acquired or the date brought into Illinois, whichever is later.
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