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.

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.