SB1148 Summary

• Changes vehicle license tax valuation from manufacturer's base retail price to original actual retail sales price for vehicles sold in Arizona, or manufacturer's base retail price for vehicles not sold in Arizona, whichever is less.

• Applies new valuation method only to vehicles sold after the effective date of the amendment; existing vehicles retain current valuation method.

• Updates formatting throughout statute sections 28-5801, 28-5804, 28-5805, and 28-5806 by converting dollar amounts to numeric format (e.g., "one dollar twenty-six cents" to "$1.26").

• Maintains special vehicle license tax rates for alternative fuel vehicles, school buses, ambulances, and firefighting services vehicles.

• Corrects technical language including hyphenation and spelling (e.g., "fire fighting" to "firefighting").