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To amend the Internal Revenue Code of 1986 to deny certain green energy tax benefits to companies connected to certain countries of concern.
Summary
The bill, titled the No Official Giveaways Of Taxpayers' Income to Oppressive Nations Act or NO GOTION Act, amends the Internal Revenue Code to deny green energy tax benefits to companies with connections to certain countries of concern. It defines disqualified companies as entities created, organized in, or controlled by the People's Republic of China, Russia, Iran, or North Korea, or any entity controlled by such entities. The bill specifies that disqualified companies would be denied access to multiple green energy tax credits and deductions, including credits for clean energy production, renewable energy, electric vehicles, and energy efficiency measures. Control is determined using existing tax code definitions that consider ownership percentages and voting rights. The changes would be effective for taxable years beginning after the bill's enactment.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
27 cosponsors
- Rep. Allen, Rick W. [R-GA-12] (R-GA)
- Rep. Barrett, Tom [R-MI-7] (R-MI)
- Rep. Bergman, Jack [R-MI-1] (R-MI)
- Rep. Bost, Mike [R-IL-12] (R-IL)
- Rep. Cline, Ben [R-VA-6] (R-VA)
- Rep. Dunn, Neal P. [R-FL-2] (R-FL)
- Rep. Ellzey, Jake [R-TX-6] (R-TX)
- Rep. Finstad, Brad [R-MN-1] (R-MN)
- Rep. Gimenez, Carlos A. [R-FL-28] (R-FL)
- Rep. Golden, Jared F. [D-ME-2] (D-ME)
- Rep. Huizenga, Bill [R-MI-4] (R-MI)
- Rep. James, John [R-MI-10] (R-MI)
- Rep. Kelly, Mike [R-PA-16] (R-PA)
- Rep. LaHood, Darin [R-IL-16] (R-IL)
- Rep. Lawler, Michael [R-NY-17] (R-NY)
- Rep. Malliotakis, Nicole [R-NY-11] (R-NY)
- Rep. McClain, Lisa C. [R-MI-9] (R-MI)
- Rep. Murphy, Gregory F. [R-NC-3] (R-NC)
- Rep. Newhouse, Dan [R-WA-4] (R-WA)
- Rep. Palmer, Gary J. [R-AL-6] (R-AL)
- Rep. Perez, Marie Gluesenkamp [D-WA-3] (D-WA)
- Rep. Rouzer, David [R-NC-7] (R-NC)
- Rep. Schweikert, David [R-AZ-1] (R-AZ)
- Rep. Stefanik, Elise M. [R-NY-21] (R-NY)
- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY)
- Rep. Tenney, Claudia [R-NY-24] (R-NY)
- Rep. Walberg, Tim [R-MI-5] (R-MI)
Actions (2)
- Jan 16, 2025 Referred to the House Committee on Ways and Means. · house
- Jan 16, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
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Full text
IN THE HOUSE OF REPRESENTATIVES
January 16, 2025
Mr. Moolenaar (for himself, Mr. LaHood, Mr. Golden of Maine, Mr. Bergman, Mr. Huizenga, Mr. Walberg, Mr. Barrett, Mr. James, Mr. Bost, Ms. Malliotakis, Ms. Tenney, Mr. Cline, Mr. Kelly of Pennsylvania, Mr. Rouzer, Mr. Schweikert, Mr. Allen, Mr. Newhouse, Mr. Finstad, Mr. Murphy, Mr. Dunn of Florida, Mr. Gimenez, Mr. Ellzey, and Mr. Palmer) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to deny certain green energy tax benefits to companies connected to certain countries of concern.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “No Official Giveaways Of Taxpayers’ Income to Oppressive Nations Act” or the “NO GOTION Act”.
SEC. 2. DENIAL OF GREEN ENERGY TAX BENEFITS TO COMPANIES CONNECTED TO COUNTRIES OF CONCERN.
(a) In General.—Chapter 77 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:
“SEC. 7531. DENIAL OF GREEN ENERGY TAX BENEFITS TO COMPANIES CONNECTED TO COUNTRIES OF CONCERN.
“(a) In General.—In the case of any disqualified company, this title shall be applied without regard to sections 30C, 40, 40A, 40B, 45, 45Q, 45U, 45V, 45W, 45X, 45Y, 45Z, 48, 48C, 48E, 179D, 6426(c), 6426(d), 6426(e), and 6427(e).
“(b) Disqualified Company.—For purposes of this section—
“(1) In general.—The term ‘disqualified company’ means—
“(A) any entity created or organized in, or controlled (in the aggregate) by, one or more countries of concern, and
“(B) any entity controlled (in the aggregate) by one or more entities described in paragraph (1).
“(2) Countries of concern.—The term ‘countries of concern’ means the People’s Republic of China, the Russian Federation, the Islamic Republic of Iran, or the Democratic People’s Republic of Korea.
“(3) Control.—The term ‘control’ has the meaning given such term under section 954(d)(3), determined by treating the rules of section 958(a)(2) as applying to both foreign and domestic corporations, partnerships, trusts, and estates.”.
(b) Clerical Amendment.—The table of sections for chapter 77 of such Code is amended by adding at the end the following new item:
“Sec. 7531. Denial of green energy tax benefits to companies connected to countries of concern.”.
(c) Effective Date.—The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act. <all>
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