Amend SB 656 as follows:                                                     
	(1) On Page 2, line 4, insert the following SECTION and 
renumber the subsequent SECTION accordingly:
	SECTION 2. Section 216.010, Local Government Code, is amended 
by amending Subsection (b) to read as follows:
	Section 216.010(b). If any [a] sign is required to be 
relocated or reconstructed, or an on-premise sign is required to be 
removed, the municipality, acting pursuant to the Property 
Redevelopment and Tax Abatement Act (Chapter 312, Tax Code), may 
abate municipal property taxes that otherwise would be owed by the 
owner of the sign.  The abated taxes may be on any real or personal 
property owned by the owner of the sign except residential 
property.  The right to the abatement of taxes is assignable by the 
holder, and the assignee may use the right to abatement with respect 
to taxes on any nonresidential property in the same taxing 
jurisdiction.  In a municipality where tax abatement is used to pay 
compensable costs, the costs include reasonable interest and the 
abatement period may not exceed five years.