§ 3-2-285. Requirements for exemption.

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

(1)

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.

(2)

The local building department has determined, after examination of the equipment, facility or device, that the unit primarily performs at least one of the functions set forth in section 3-2-282(a) and conforms to the requirements set by regulations of the state certifying authority.

(3)

The state certifying authority has certified to the local real estate assessments office that the applicant has met all requirements qualifying the equipment, facilities or devices for exemption from taxation. (Code 1963, Sec. 36-125)