AZ SB1137

Reduces the vehicle license tax (VLT) valuation for recreational vehicles from 60 percent to 50 percent of the manufacturer's base retail price during the first twelve months of registration.

Applies this 50 percent valuation only to recreational vehicles as defined in section 28-3102, while all other vehicles continue to use the standard 60 percent valuation.

Maintains the existing VLT rates for distribution among recipients (Arizona highway user revenue fund, county general funds, transportation-related county purposes, and incorporated cities and towns).

Does not affect the VLT provisions for trailers, semitrailers, all-terrain vehicles, or off-highway vehicles, which have their own separate tax schedules.