(c) For purposes of this section:

1. (1) “Qualified residential real property” means any residential real property that meets all of the following conditions:

   1. (A) No amount of property taxes levied on that property was delinquent at the close of the 1991–92 fiscal year.
   2. (B) The owner of the property suffered economic hardship as a result of the civil unrest that occurred in Los Angeles in April and May 1992.
   3. (C) The property is eligible for a homeowner’s exemption.

2. (2) An owner shall be deemed to have suffered “economic hardship” if both of the following occur:

   1. (A) The owner signs a declaration under penalty of perjury under the laws of this state that he or she suffered economic hardship as a result of the civil unrest that occurred in Los Angeles in April and May 1992.
   2. (B) A business owned by the taxpayer, the taxpayer’s primary place of work, or the taxpayer’s residence that qualifies for the homeowner’s exemption is located in the area designated as the Los Angeles Revitalization Zone pursuant to Government Code Section 7102.