Arkansas Tax Credit for Replacement Vehicle Bill of Sale

The Arkansas tax credit for replacement vehicle bill of sale is a legal document that allows an individual who has sold a vehicle and is now purchasing a different vehicle as a replacement to access a tax credit. The document must be completed within 45 days. After 45 days, the buyer will no longer be able to take advantage of this tax credit.

How To Write

Step 1 – Purchaser’s Information – Enter the vehicle’s buyer information:

  • Purchaser’s Name(s)
  • Telephone Number(s)
  • Physical Address
  • City, State, Zip Code

Step 2 – Seller’s Information – Enter the seller’s Information

  • Seller’s Name(s)
  • Telephone Number(s)
  • Physical Address
  • City, State, Zip Code

Step 3 – Vehicle Information – Enter all of the required information with regard to the vehicle as follows:

  • Year, Make, Model of the vehicle sold
  • Vehicle Identification Number (VIN)
  • Odometer reading
  • Enter the date that the vehicle was sold in mm/dd/yyyy format
  • Enter the sale price of the vehicle

Step 4 – Buyer’s Signature(s) – Read the paragraph for the buyer(s) – If you’re in agreement provide:

  • Buyer’s Signature(s)
  • Date of signature(s) mm/dd/yyyy format

Step 5 – Seller’s Acknowledgement – Read the paragraph for the seller(s) – If you agree, enter:

  • Seller’s Signature(s)
  • Date of signature(s) mm/dd/yyyy

Once the document is complete, make copies for record keeping. Give the original to the buyer(s) for submission