A contract is based upon an agreement. An agreement arises when one person, the offeror, makes an offer and the person to whom is made, the offeree, accepts. There must be both an offer and an acceptance. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Kentucky Offer to Purchase Boat
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FAQ
Before a boat can receive a Kentucky certificate of number, it must first be registered with the Kentucky Department of Fish and Wildlife Resources. You will need to provide proof of ownership, such as a bill of sale or the previous owner’s title. In addition, you should ensure that the boat meets all safety and equipment standards set by Kentucky law.
A 6% Kentucky sales tax is collected on the sale price of the boat. Credit is given for sales or usage tax paid to a dealer.
To register a vehicle in Kentucky, you are not required to provide a bill of sale. However, it is still a good idea for buyers and sellers to complete this form. A bill of sale can establish proof that the transaction has taken place and that the property has been transferred from the seller to the buyer.
The state property tax rate on bass boats, runabouts and pontoons is 45 cents per $100 of value, while the rate on documented houseboats and cabin cruisers is just 1.5 cents per $100.
In Kentucky, you must have a Kentucky Certificate of Registration and registration decals to legally operate your vessel on public waters. The only exceptions are: Non-motorized vessels. Vessels registered in other states using Kentucky waters for 60 days or less.
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.
Due to state exemptions, Kentucky does not title or register documented boats. If you choose to, you will need to provide the following: Certificate of documentation. Release Letter from the U.S. Coastguard.
The original Kentucky Title or Certificate of Registration if no title was issued. Application for Title/Registration (TC96-184) (See Example) Picture identification for buyer and seller (If buyer and/or seller will not be present in our office, the application must be signed and notarized prior to transfer.)
A: All trailers must be titled in Kentucky. Privately owned and operated trailers used for the transportation of boats, luggage, personal effects, farm products, farm suppliers or farm equipment do not require registration. Trailers used for commercial purposes must be registered.
Both signatures of the seller and buyer are required to be notarized. Completed Motor Boat Transaction Record Application for Title/Registration TC 96-184 signed-over Kentucky title. If a bill of sale or affidavit of ownership is used, a pencil tracing or picture of the hull number must be provided.