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Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes. This form may be used in lieu of a bill of sale if the department is questioning the purchase price. This form must be completed and signed by the seller and the purchaser. Visit our web site at tax. illinois. gov or call weekdays between 8 a*m* and 5 p*m* at 1 800 732-8866 or 217 782-3336. The number for our TDD telecommunications device for the deaf is 1 800 544-5304. SALES TAX PROCESSING ...
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You'll need the following as part of selling a car in Illinois, per the Illinois Secretary of State. Your vehicle title. You'll need a valid vehicle title to give to the buyer. ... Get a Notice of Sale form. ... Create a Bill of Sale for the buyer. ... Print out the Odometer Disclosure Statement for Title Transfers.
Tax form RUT-50 is an automotive tax form in the state of Illinois. It is known as the Private Party Vehicle Use Tax, which means that it taxes you for having purchased or acquired your car from a private party as opposed to a dealer or lender.
Illinois Bill of Sale Requirements But, if you are new to the state and want to register a vehicle with an out-of-state title, you'll need to submit either that title or proof of ownership, which could include a bill of sale.
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 vehicle's current wholesale value from an authorized source. Purchase an Illinois title bond in an amount equal to 1 ½ times the vehicle's value. Complete a Motor Vehicle Use Tax Return.
Individuals moving to Illinois who have purchased a vehicle from an out-of-state licensed dealer must submit a completed Tax Form RUT-25 (Vehicle Use Tax Transaction Return). Tax payments must be in the form of a separate check or money order payable to Illinois Department of Revenue.

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Buying a vehicle with a bill of sale but no title is a bit tricky when it comes to registering the vehicle, but it can be done. You just need to complete a few steps, including obtaining a bonded title, and then you can claim the car as your own.
You must file Form RUT-50, Private Party Vehicle Use Tax. Transaction, if you purchased or acquired by gift or transfer a motor. vehicle from a private party. If you purchased a vehicle from an unregistered out-of-state dealer, lending institution, leasing company, or retailer; or if you purchased.
Do you pay taxes when buying a car privately in Illinois? You have to pay a use tax when you purchase a car in a private sale in Illinois. The tax rate is based on the purchase price or fair market value of the car.
You'll need the following as part of selling a car in Illinois, per the Illinois Secretary of State. Your vehicle title. You'll need a valid vehicle title to give to the buyer. ... Get a Notice of Sale form. ... Create a Bill of Sale for the buyer. ... Print out the Odometer Disclosure Statement for Title Transfers.
It is important to make sure all the requirements for the respected state law are included in the bill of sale. As, with any legal written document a bill of sale can be handwritten.

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