Sec. 10. (a) This section applies only to a referendum to allow a school corporation to extend a referendum tax levy.
(b) The question to be submitted to the voters in the referendum must read as follows:
"Shall the school corporation continue to impose increased property taxes paid to the school corporation by homeowners and businesses for _____ (insert number of years) years immediately following the holding of the referendum for the purpose of funding ______ (insert short description of purposes)? The property tax increase requested in this referendum was originally approved by the voters in _______ (insert the year in which the referendum tax levy was approved) and originally increased the average property tax paid to the school corporation per year on a residence within the school corporation by ______% (insert the original estimated average percentage of property tax increase on a residence within the school corporation) and originally increased the average property tax paid to the school corporation per year on a business property within the school corporation by ______% (insert the original estimated average percentage of property tax increase on a business within the school corporation).".
(c) The number of years for which a referendum tax levy may be extended if the public question under this section is approved may not exceed the number of years for which the expiring referendum tax levy was imposed.
As added by P.L.272-2019, SEC.12. Amended by P.L.38-2021, SEC.66.