(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.