To amend the Internal Revenue Code of 1986 to deny certain green energy tax benefits to companies connected to certain countries of concern.
Sponsors
Legislative Progress
IntroducedMr. Rubio (for himself, Mrs. Capito, Mr. Braun, and Mr. …
Summary
What This Bill Does
The NO GOTION Act (No Official Giveaways Of Taxpayers' Income to Oppressive Nations Act) would bar companies with ties to designated "countries of concern" from claiming federal green energy tax credits. It specifically targets entities controlled by, organized under the laws of, or at least 25% owned by governments or companies from China, Russia, Iran, North Korea, Cuba, Venezuela (under Maduro), or Syria.
Who Benefits and How
U.S.-based clean energy manufacturers and developers would benefit by facing less competition from foreign-backed companies for federal tax incentives. American taxpayers would potentially benefit as tax credits would no longer flow to companies connected to adversarial nations. Domestic clean energy supply chains could gain market share as foreign-linked competitors lose their tax advantage.
Who Bears the Burden and How
Companies with ownership or control ties to the listed countries would lose access to valuable clean energy tax credits, including credits for alternative fuels, carbon capture, clean vehicles, clean electricity production, and clean energy manufacturing. This includes any company where 25% or more of equity is held—directly or indirectly—by entities from countries of concern, even through joint ventures, co-investment vehicles, or derivative financial instruments.
Key Provisions
- Denies access to more than a dozen green energy tax credits (sections 30C, 40, 40A, 40B, 45, 45Q, 45U, 45V, 45W, 45X, 45Y, 45Z, 48, 48C, 48E, 179D, and certain fuel excise credits) to "disqualified companies"
- Defines "disqualified company" broadly to include entities controlled by foreign governments of concern, organized under their laws, or with 25%+ ownership by such entities
- Names seven countries of concern: China, Russia, Iran, North Korea, Cuba, Venezuela (under Maduro), and Syria
- Applies "control" using existing IRS definitions for foreign corporations, extended to cover both foreign and domestic entities
- Takes effect for taxable years beginning after the date of enactment
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
This bill amends the Internal Revenue Code to deny green energy tax benefits to companies connected to certain countries of concern.
Policy Domains
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
Key Definitions
Terms defined in this bill
Any entity controlled by or organized under the laws of a country of concern, or any entity owned or controlled by such an entity.
The People’s Republic of China, Russia Federation, Islamic Republic of Iran, Democratic People’s Republic of Korea, Republic of Cuba, Bolivarian Republic of Venezuela (under Maduro), Syrian Arab Republic.
As defined under section 954(d)(3) with rules of section 958(a)(2) applying to both foreign and domestic entities.
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology