Official Summaries

No Official Giveaways Of Taxpayers’ Income to Oppressive Nations Act or the NO GOTION Act

This bill prohibits an entity that is created in, organized in, or controlled (in the aggregate) by China, Russia, Iran, or North Korea, or an entity controlled (in the aggregate) by one or more of such entities, from claiming multiple energy-related federal tax credits and incentives.

Specifically, the bill prohibits such entities from claiming the federal tax credits for

• alternative fuel vehicle refueling property,
• second-generation biofuel,
• biodiesel fuel,
• sustainable aviation fuel,
• renewable electricity production,
• carbon sequestration,
• zero-emission nuclear power production,
• clean hydrogen production,
• clean commercial vehicles,
• advanced manufacturing production,
• clean electricity production,
• clean fuel production,
• investments in energy property,
• advanced energy projects,
• clean electricity investment,
• biodiesel mixtures,
• alternative fuel, and
• alternative fuel mixtures.

Further, such entities are prohibited from claiming the federal tax deduction for energy efficient improvements to commercial buildings.

Finally, such entities are not entitled to a credit or refund of federal excise taxes paid on biodiesel, alternative fuel, or sustainable aviation fuel mixtures produced by the entities.

Current Full Text

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 524 Introduced in House (IH)]

<DOC>






119th CONGRESS
  1st Session
                                H. R. 524

To amend the Internal Revenue Code of 1986 to deny certain green energy 
  tax benefits to companies connected to certain countries of concern.


_______________________________________________________________________


                    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>