3.40.040 Application for exemption.
A. To qualify for the exemption described in HRMC 3.40.030, the corporation shall file an application for exemption with the Finance Director for each assessment year the corporation wants the exemption. The application shall be filed on or before March 1st of the assessment year for which the exemption is applied for, except that when the property designated is acquired after March 1st and before July 1st, the claim for that year shall be filed within 30 days after the date of acquisition. The application shall include the following information:
1. A description of the property for which the exemption is requested;
2. A description of the charitable purpose of the project and whether all or a portion of the property is being used for that purpose;
3. A certification of income levels of low-income occupants;
4. A description of how the tax exemption will benefit project residents; and
5. A declaration that the corporation has been granted an exemption from income taxes under 26 U.S.C. Section 501(c)(3) or (c)(4) as amended before December 1, 1984.
B. The applicant shall verify the information in the application by oath or affirmation. (Ord. 2069 § 1 (Exh. A), 2022)