The bill denies green energy tax benefits to companies associated with foreign adversaries.
The No Official Giveaways Of Taxpayers’ Income to Oppressive Nations Act, or NO GOTION Act, amends the Internal Revenue Code to deny certain green energy tax benefits to companies associated with foreign adversaries. A disqualified company is one that is directly or indirectly controlled, directed, or materially influenced by a foreign adversary, or provides a substantial benefit to such an entity.
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