Skip to main content
Independent and nonpartisan. SaveYourState is a civic information resource. It is not a government website and is not affiliated with any government agency, party, or campaign.

Ohio · 136th Legislature (2025-2026) · Bill

HB 642: Remove limit on certain tax net operating loss carry-forwards

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 642 is a bill introduced in the Ohio House on January 12, 2026. According to its official title, it concerns: Remove limit on certain tax net operating loss carry-forwards. Primary sponsor: Steve Demetriou (Republican). Most recent recorded action (February 4, 2026): Referred to committee.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

To amend sections 718.01, 718.81, and 718.84 of the Revised Code to remove a five-year limit on municipal income tax net operating loss carry-forwards.

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
Steve DemetriouPrimary sponsorRepublicanHouse35

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Referred to committee
  2. Introduced

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source