HB 1599-FN (2026): allowing net operating losses to be carried forward in perpetuity following a loss year.
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- “HB 1599-FN (2026): allowing net operating losses to be carried forward in perpetuity following a loss year.” Granite Record, https://graniterecord.org/bill/2026/hb1599. Accessed 19 Oct. 2026.
- APA
- Granite Record. (n.d.). HB 1599-FN (2026): allowing net operating losses to be carried forward in perpetuity following a loss year. Retrieved 19 Oct. 2026, from https://graniterecord.org/bill/2026/hb1599
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@misc{bill-2026-hb1599, title = {HB 1599-FN (2026): allowing net operating losses to be carried forward in perpetuity following a loss year.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2026/hb1599}, note = {Accessed 19 Oct. 2026} }
HB 1599-FN (2026)
allowing net operating losses to be carried forward in perpetuity following a loss year.
- Status: Referred for interim study
- Term: 2025-2026
- House committee: Ways and Means
- Subject: Business and Industry
The Story
It was introduced on January 7, 2026 and referred to the House Ways and Means committee. The committee held a public hearing on January 21, 2026, with 3 people signed in online: 3 in opposition. The committee held a work session on January 28, 2026. The committee met in executive session on January 28, 2026 to vote on its recommendation. The committee voted unanimously, 19–0, to recommend that the House study it after the session ends, and the report was placed on the consent calendar. On February 12, 2026 the House voted to study it after the session ends on a voice vote. The committee held a work session on June 15, 2026. The committee met in executive session on June 15, 2026 to vote on its recommendation. On September 2, 2026 the committee reported back on its interim study of the bill: “Not Recommended for Future Legislation”, by a vote of 18 to 0.
Sponsors
- Rep. John Janigian (R - Rock 25) (prime sponsor)
- Sen. Daryl Abbas (R - SD22)
- Rep. Cyril Aures (R - Merr 13)
- Sen. Timothy Lang (R - SD2)
- Rep. Jordan Ulery (R - Hills 13)
Hearings and Sessions
- January 21, 2026, 10:30 AM: public hearing, House Ways and Means, GP 154
- January 28, 2026, 1:00 PM: full committee work session, House Ways and Means, GP 159
- January 28, 2026, 2:00 PM: executive session, House Ways and Means, GP 154
- February 12, 2026: consent calendar, House
- June 15, 2026, 10:00 AM: full committee work session, House Ways and Means, GP 159
- June 15, 2026, 10:30 AM: executive session, House Ways and Means, GP 159
Votes
- February 12, 2026, House: Refer for Interim Study — voice vote, passed
The Docket
- January 7, 2026: Introduced 01/07/2026 and referred to Ways and Means
- January 21, 2026: Public Hearing: 01/21/2026 10:30 am GP 154
- January 26, 2026: ==CANCELLED== Full Committee Work Session: 01/26/2026 01:00 pm GP 159
- January 26, 2026: ==CANCELLED== Executive Session: 01/26/2026 02:00 pm GP 159
- January 28, 2026: Full Committee Work Session: 01/28/2026 01:00 pm GP 159
- January 28, 2026: Executive Session: 01/28/2026 02:00 pm GP 154
- January 28, 2026: Committee Report: Refer for Interim Study 01/28/2026 (Vote 19-0; CC)
- February 12, 2026: Refer for Interim Study: MA VV 02/12/2026
- June 15, 2026: Full Committee Work Session: 06/15/2026 10:00 am GP 159
- June 15, 2026: Executive Session: 06/15/2026 10:30 am GP 159
- September 2, 2026: Interim Study Report: Not Recommended for Future Legislation 09/02/2026 (Vote 18-0; )