This website will be unavailable from Thursday, May 30, 2024 at 6:00 p.m. through Monday, June 3, 2024 at 7:00 a.m. due to data center maintenance.
By: Martinez Fischer H.B. No. 3025
A BILL TO BE ENTITLED
AN ACT
relating to the payment of compensable costs required for removal
of an on-premise sign in a municipality.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. 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.
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.