§ 4-18-5. Requirements for exemption.

Exemption shall be granted to persons subject to the following provisions:

(a)

The title of the property for which exemption is claimed is held, or partially held, on the first day of the taxable year, by the person or persons claiming exemption.

(b)

The local building department has determined, after examination of such equipment, facility or device, that the unit primarily performs at least one of the functions set forth in Section 4-18-2(a)(1) and conforms to the requirements set by regulations of the State Office of Housing.

(c)

The State Office of Housing has certified to the local assessing office that the applicant has met all requirements qualifying such equipment, facilities or devices for exemption from taxation. (10-78-4.)