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78R9573 ATP-F


By:  Martinez Fischer                                             H.B. No. 3025

Substitute the following for H.B. No. 3025:                                   

By:  Menendez                                                 C.S.H.B. No. 3025



A BILL TO BE ENTITLED

AN ACT

relating to the payment of compensable costs by a municipality that 
requires the removal of an on-premise sign.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 216.010(b), Local Government Code, is 
amended to read as follows:
	(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.
	SECTION 2.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect September 1, 2003.