For the purpose of appraising and assessing personal property of businesses and other entities under the jurisdiction of the county auditor, the county auditor shall follow the classification of the most recent Standard Industrial Classification Manual, Bureau of The Budget, as follows:

1. (1) Division A-Major Groups, 01, 02, 07, 08, 09, unless exempt;
2. (2) Division H-Major Groups, 60, 61, 62, 63, 64, 65, 66, 67, unless exempt;
3. (3) Division 1-Major Group, 70, 80, 81, 82, 83, 84, 86, 87, 88, 89, unless exempt.