House committee substitute makes the following changes to the 1st edition.

Amends proposed language from the previous edition in GS 105-278.3 to provide that real property does not need to meet the requirement that it be exclusively used for religious purposes in order to be exempt from taxation if the building and the land occupied by the building is under construction and intended to be wholly and exclusively used by its owner for religious purposes on completion. Also provides that, for the purposes of the subdivision, a building is under construction starting when a building permit is issued and ending at the earlier of (1) 90 days after a certificate of occupancy is issued or (2) 180 days after the end of active construction (previously, provided that it is exempt from taxation if (1) it is under construction, (2) it is intended to be wholly and exclusively used by its owner for religious purposes upon completion, and (3) it is located on property that meets the requirements of GS 105-278.3(a). Also provided that real property is considered to be under construction until 90 days after a certificate of occupancy is issued).