(A) For the purpose of assessing property of merchants and related businesses, as provided by Section 12-37-970, the department shall follow the classifications of the most recent Standard Industrial Classification Manual, Bureau of the Budget, as follows:

1. (1) Division C;

2. (2) Division E, Major Group 41, except number 414

   Major Group 42, except number 4213

   Major Group 44, except number 444

   Major Group 45, except number 451

   Major Group 47

   Major Group 48, except numbers 481, 482, 484

   Major Group 49, except numbers 491, 493, 494, 4952;

3. (3) Division F;
4. (4) Division G;
5. (5) Division I, Major Groups 72, 73, 75, 76, 78, and 79;
6. (6) Division K.

(C) For the purpose of assessing property of railroads, private carlines, airlines, water, power, telephone, cable television, sewer and pipeline companies, as provided in Section 12-4-540(A), the department shall follow the Division E classification of the most recent Standard Industrial Classification Manual, Bureau of the Budget, as follows:

1. (1) Major Group 40;
2. (2) Major Group 41, except numbers 411, 412, 413, 415, and 417;
3. (3) Major Group 42, except numbers 4212, 4214, 4215, 422, and 423;
4. (4) Major Group 44, except numbers 441, 442, 443, 448, and 449;
5. (5) Major Group 45, except numbers 452 and 458;
6. (6) Major Group 46;
7. (7) Major Group 48, except numbers 483 and 489;
8. (8) Major Group 49, except numbers 492, 4953, 4959, 496, and 497.