TO: | Honorable Frank Madla, Chair, Senate Committee on Intergovernmental Relations |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | HB3025 by Martinez Fischer (Relating to the payment of compensable costs by a municipality that requires the removal of an on-premise sign.), As Engrossed |
The bill would authorize a municipality to abate municipal property taxes that otherwise would be owed by the owner of an on-premise sign that is required to be removed. The bill would take effect immediately if it receives a two-thirds vote in each house; otherwise, it would take effect September 1, 2003.
Current statute allows a municipality to abate municipal property taxes that otherwise would be owed by the owner of an on-premise sign that is required to be relocated or reconstructed.
Source Agencies: |
LBB Staff: | JK, DLBa
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