extension news notice

Purdue Extension: Expert Resources for COVID-19
Read More ››

The MLGQ is Long Overdue

February 21, 2020
2020 Purdue Capital Comments Logo
House Bill 1113 is 139 pages long. It covers lots of local government tax issues. It’s not controversial. It passed the House, with 95 members voting yes, and none voting no. The bill has moved on to the Senate.
 
Perhaps the simplest change in this very long bill is this: It changes the name “assessed value growth quotient” to “maximum levy growth quotient.” The AVGQ will become the MLGQ, if this bill passes. It changes the name, as the bill description says, “without changing the definition.”
 
It’s a name change 18 years in the making. Or maybe 48 years in the making. Here’s the story.
 
Read More »

Recent Stories