Eliminate reference to personal property farm manual for property tax purposes

Eliminates the mandate for the Department of Revenue to prepare a supplemental valuation manual for agricultural equipment not found in national guides.

Clarifies that the market value for unlisted agricultural equipment is the average wholesale value before reconditioning and profit margin, rather than requiring a state-created manual.

Updates bill formatting and numbering to reflect the new version (HB 108.1) and corrects section headers.

Eliminated the requirement for the Department of Revenue to prepare a supplemental valuation manual for agricultural implements and machinery not listed in an official guide.

Updated the statutory language to specify that the market value for unlisted agricultural equipment shall be the comparable wholesale value rather than a value derived from a department-created manual.

Corrected formatting and numbering inconsistencies in the bill text to match the enrolled version.

The bill number was changed from LC 0091 to HB 108.1, indicating a shift in legislative status or sponsorship.

New requirements were added to mandate that class three properties be assessed at 100% of their productive capacity.

Valuation instructions for class four property were slightly restructured to clarify when the cost approach must be documented over the comparable sales model.