Beginning January 1, 2027, this bill requires the assessor to use 85% of the manufacturer’s suggested retail price (MSRP) for all manufactured motor vehicles to determine the original value in money of all motor vehicle assessment valuations. The bill provides a 12-year depreciation schedule that must be applied to 85% of each MSRP to develop the annual and historical valuation guide for all motor vehicles. Each year, these values must be delivered to each approved software vendor by November 15th and listed for use in the next assessment year by December 15th.