Free Illinois Bill of Sale Template (2026)
Generate a free Illinois bill of sale for vehicles, personal property, boats, or business assets. Our AI incorporates Illinois-specific requirements — title transfer rules, tax obligations, odometer disclosure — directly into your document.
✨ Generate Free Illinois Bill of Sale →- Vehicle title transfer: Buyer must apply for IL title at Secretary of State office (SOS) within 30 days; seller must sign and date the certificate of title
- Sales tax: Illinois vehicle use tax of 6.25% on purchase price; private party purchases use the "Private Party Vehicle Use Tax" (Form RUT-50), not standard sales tax
- Private Party Use Tax Rate: $0 for purchases under $15,000; varies up to $1,500 for purchases over $30,000 (flat rate structure)
- Bill of sale: IL SOS recommends a bill of sale for all private vehicle sales; use Form VSD 703 (optional but recommended)
- Odometer disclosure: Required for vehicles under 10 years old and under 16,000 lbs; seller completes odometer disclosure on title
- Notarization: NOT required for IL vehicle bills of sale
- Boat/watercraft: IL DNR handles watercraft titles; registration required for all motorized vessels
- Title fee: $150 passenger vehicle title; additional fees for registration and license plates
Illinois Bill of Sale: What You Need to Know
A bill of sale is the foundational document for any private property transfer in Illinois. Whether you're selling a used vehicle, personal property, or business equipment, a properly drafted bill of sale protects both seller and buyer by creating a written record of the transaction — including purchase price, item condition, and transfer of ownership.
For vehicle sales in Illinois, the bill of sale serves a critical tax function: it documents the purchase price used to calculate your state's transfer taxes. Without a bill of sale, Illinois tax authorities may assess taxes based on the vehicle's fair market value — which can be higher than what you actually paid.
A complete Illinois bill of sale should include: the seller and buyer's full legal names and addresses; a detailed description of the item (including VIN, serial number, or hull ID where applicable); the agreed purchase price and payment method; the exact date of sale; any disclosed defects or "as-is" provisions; and signatures from both parties.
For personal property (furniture, electronics, collectibles), a bill of sale provides proof of ownership and purchase price — useful for insurance claims, disputes, or resale. For business asset sales, a detailed bill of sale helps both parties track depreciation, establish basis for tax purposes, and document the scope of what was transferred.
How to Use This Generator
Our free Illinois bill of sale generator creates a complete, AI-drafted document in minutes. Choose your document subtype (vehicle, personal property, boat, or business assets), enter seller and buyer information, describe the item, set the purchase price, and download your customized document as PDF or Word. No account required.
After generating your document, review it carefully and have both parties sign. Keep a copy for your records. For vehicle sales, you'll need the signed title in addition to the bill of sale to complete the Illinois title transfer at your local DMV or motor vehicle office.