- (a) The governing body, with the approval of the commissioners court and in accordance with Chapter 312, Tax Code, may abate county property taxes owed by the owner of a sign to be removed.
- (b) The governing body may declare an area to be a reinvestment zone for the purpose of abating property taxes under this section if the area encompasses a sign to be removed.
- (c) The governing body may abate taxes on any real or personal property in the county that is owned by the owner of the sign, except residential property.
- (d) The holder of a right of tax abatement may assign the right. An assignee may use the right of tax abatement on any nonresidential property in the county.
- (e) In a county in which tax abatement is used to pay compensation under this subchapter, the compensation must include reasonable interest.
- (f) A tax abatement period may not exceed five years.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.