Amends TCA Title 29, Chapter 16 and Section 54-21-107.
Tennessee HB1021 amends existing law to authorize the commissioner of transportation to acquire outdoor advertising devices and related property rights that must be removed due to non-compliance with permit requirements. The bill affects owners of outdoor advertising devices by ensuring they receive just compensation for the acquisition or removal of their devices. Key provisions include the requirement for just compensation for lawfully erected devices and the prohibition of amortization in determining compensation amounts.
Tennessee HB1021 amends existing law to authorize the commissioner of transportation to acquire outdoor advertising devices and related property rights that must be removed due to non-compliance with permit requirements. The bill affects owners of outdoor advertising devices by ensuring they receive just compensation for the acquisition or removal of their devices. Key provisions include the requirement for just compensation for lawfully erected devices and the prohibition of amortization in determining compensation amounts.
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Russell, Lowell
114th General Assembly
February 5, 2025
April 15, 2026
Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee