Removes limit on certain tax net operating loss carry-forwards for pass-through entities in Ohio.
The bill removes the limit on certain tax net operating loss carry-forwards for pass-through entities in Ohio. It allows for the deduction of net operating losses incurred by pass-through entities from a prior taxable year and applied to reduce the entity's net profit for the current taxable year. This change applies to taxable years beginning on or after January 1, 2017.
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