(a) The director shall determine the eligibility of the owner for the tax credit upon review and verification that the existing high-rise residential building has been installed with an automatic sprinkler system in accordance with applicable building and fire codes.
(b) The owner shall file an application for the tax credit with the director no later than 24 months after the installation of the automatic sprinkler system is completed. The application must be filed on or before September 30th preceding the tax year in which the credit is claimed.
(c) In accordance with HRS Chapter 91, the director shall adopt rules having the force and effect of law for the administration, implementation, and enforcement of this article.
(Added by Ord. 18-9)