An Iowa Bill of Sale is a legal document used to transfer ownership of a valuable item from one person to another, based on the specific state laws of Iowa (IA).
Types of Bill of Sale Forms
Requirements
It is a required document for vehicle registration in Iowa and is a record of the sale price for tax purposes.
Whether you are buying or selling the vehicle, an Iowa vehicle bill of sale is a legally binding agreement that protects both parties if a question of ownership arises.
Language Requirements
An Iowa vehicle bill of sale does not have to be in English, but it should be in a language understood by all parties involved.
Notarization
You must present a signed and notarized Iowa vehicle bill of sale to register and title a vehicle for a private sale.
Sales Tax
According to the Iowa Department of Revenue, Iowa charges a 6% sales tax and a 6% use tax for personal property sold in the state. Some jurisdictions charge an additional local sales tax.
These rates are subject to change, so check with your county treasurer to confirm taxes before registering.
Vehicle Registration Forms
- Application for Certificate of Title and/or Registration (Form 411007)
- Certificate of Title
- Bill of Sale
- Cancellation of Security Interest (Form 411168), if applicable
- County of the previous registration
- Completed Odometer Disclosure Statement (Form 411077)
- Damage Disclosure Statement (Form 411008)
- Sales and use tax
- Registration fees
- Proof of insurance
Boat Registration Forms
- Bill of Sale or other proof of ownership
- Original Certificate of Title and Current Registration (if lost or damaged, use DNR Form 542-8067)
- Application for Boats, Snowmobiles, ATVs, and ORVs (Form 542-8067)
Firearm Registration Forms
Iowa has no law requiring firearms to be registered. The Firearm Bill of Sale form serves as proof of payment and proof of a firearm/gun ownership exchange.
Sample
Below is an example of a general Iowa bill of sale for personal property.