(a)   No tax shall be imposed under this chapter:
      (1)   Upon rents not within the taxing power of the City under the Constitution or laws of Ohio or the United States;
      (2)   Upon rents paid by the State of Ohio, or any of its political subdivisions;
      (3)   Upon rents of $15.00 a day or less.
   (b)   No exemption claimed under divisions (a)(1) or (2) of this section shall be granted except upon a claim therefore made at the time rent is collected and, under penalty of perjury, upon a form prescribed by the Treasurer. All claims of exemption under division (A) (3) of this section shall be made in the manner prescribed by the Treasurer. (1993 Code 98.32)