The NO GOTION Act denies green energy tax benefits to companies connected to China, Russia, Iran, or North Korea.

The NO GOTION Act, officially known as the No Official Giveaways Of Taxpayers’ Income to Oppressive Nations Act, amends the Internal Revenue Code to deny certain green energy tax benefits to companies connected to countries of concern. These countries include China, Russia, Iran, and North Korea. A disqualified company is defined as any entity created or organized in, or controlled by, one or more countries of concern, or any entity controlled by one or more such entities.

The NO GOTION Act denies green energy tax benefits to companies connected to China, Russia, Iran, or North Korea.

The NO GOTION Act, officially known as the No Official Giveaways Of Taxpayers’ Income to Oppressive Nations Act, amends the Internal Revenue Code to deny certain green energy tax benefits to companies connected to countries of concern. These countries include China, Russia, Iran, and North Korea. A disqualified company is defined as any entity created or organized in, or controlled by, one or more countries of concern, or any entity controlled by one or more such entities.