Allows an owner of property claiming an exemption from taxation under GS 105-278.3 (tax exemption for real and personal property used for religious purposes) to file a late application that may apply to property taxes levied by the county or municipality during the three calendar years immediately preceding this act's effective date. Provides that if the late application is approved, the taxes levied against the property covered by that application for up to the three calendar years immediately preceding the effective date of this act will be released provided, however, that no taxpayer may receive a refund of taxes previously paid under this provision.