Advertising - As introduced, requires just compensation to be paid for the acquisition or removal of an outdoor advertising device lawfully erected; prohibits the use of amortization to provide such just compensation. - Amends TCA Title 29, Chapter 16 and Section 54-21-107.

HB 1021 requires government agencies to pay full market value for the removal or acquisition of lawfully erected outdoor advertising devices (like billboards) when they are ordered removed for reasons such as highway safety. It directly affects billboard owners and local governments that enforce removal orders. The bill specifically prohibits using "amortization" (spreading payments over time) as valid compensation, mandating immediate full payment instead. This change applies to devices affected by condemnation or removal orders under existing laws, ensuring owners receive fair market value for their property.