Docket Room
HB 642·OH·house

Remove limit on certain tax net operating loss carry-forwards

In CommitteeFiled Jan 12, 2026
Sponsor: Steve Demetriou (R)
Latest Action

Refer to Committee

Feb 4, 2026

Summary

The bill changes Ohio’s municipal income‑tax code so that net operating losses can be carried forward beyond the current five‑year limit. It applies to individuals and entities that pay municipal taxes, giving them the ability to offset future municipal taxable income with older losses. The change is intended to provide greater tax relief and flexibility for taxpayers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Share

Track this bill

Get real-time alerts when HB 642 changes status, plus AI-powered summaries and stage predictions.

Sign up free
Docket Room · Nonpartisan legislative tracking
Docket Room IntelligencePro

Ask about your legislation

I can analyze your tracked bills, upcoming hearings, and recent changes.

AI-generated · Nonpartisan · Not legal advice