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.
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