This is a bill of sale of a watercraft such as a boat. It provides for the seller, buyer consideration and boat description.
This is a bill of sale of a watercraft such as a boat. It provides for the seller, buyer consideration and boat description.
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The initial step you should take with an Arkansas Boat Bill Of Sale Form is to ensure that it is the latest edition, as this determines if it can be submitted.
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Moving a boat out of a no-boat-sales-tax state If a boat owner decides to move his or her boat from one of the five states without a general sales tax (Alaska, Delaware, Montana, New Hampshire, and Oregon) to any other state, when the vessel is registered in the new state, it will trigger the sales tax due.
A boat bill of sale is required when registering a boat in the state of Arkansas, so it's important that the parties to the sale complete this document. The boat must be described in the form, including the HIN, year, make, and model, as well as the purchase price.
Sales tax is collected by the dealer for new and used boats. Arkansas does not charge sales tax on casual sales (individual to individual) for boats. Replacement registrations may be obtained for a fee of $1.00.
The Department of Finance and Administration (DFA) is now issuing boat titles. Arkansas has never issued boat titles in the past, but on Jan. 1 the (DFA) started issuing titles for all boats manufactured in or after 2020.
All bills of sale in Arkansas, however, must contain the following information:The names, contact information, and signatures and the buyer and seller.The vehicle identification number or VIN.The make, model, and year of the vehicle.The selling price.The purchase date.The odometer reading.