Remove limit on certain tax net operating loss carry-forwards

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill changes Ohio’s municipal income‑tax code so that net operating losses (NOLs) can be carried forward indefinitely, instead of being limited to five years. It applies to all taxpayers that pay municipal income tax – corporations, LLCs, S‑corps, pass‑through entities and individuals. By allowing unlimited carryforwards, the measure aims to align municipal tax treatment with federal rules and reduce tax burdens for businesses with early losses.

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

Hearings

• House Ways and Means: H. B. No. 737, H. B. No. 762, S. B. No. 307, H. B. No. 613, H. B. No. 391, H. B. No. 608, H. B. No. 642, H. B. No. 756
  House Ways and Means · Jun 9, 2026
• House Ways and Means: H. B. No. 504, H. B. No. 642, H. B. No. 737, H. B. No. 279, H. B. No. 420
  House Ways and Means · May 20, 2026

History

1. Feb 4, 2026Referred to committee
2. Jan 12, 2026Introduced

Sponsors

• Steve Demetriou (R) · sponsor

Bill text

Opens the legislature’s own copy.

Similar bills in other states

Loading the map of where bills like this one were filed.

Topics

Share