CONGRESS FOR VOTERS

RepublicanBill · H.R. 524· House(119-HR-524)

NO GOTION Act

Rep. Moolenaar
Age: 65 years
Michigan
Introduced
1/16/2025
Last activity
1/16/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
John Moolenaar
Cosponsors
Republican - 24Democrat - 3
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "No Official Giveaways Of Taxpayers' Income to Oppressive Nations Act" or the "NO GOTION Act," seeks to amend the Internal Revenue Code of 1986. The primary goal is to deny specific green energy tax benefits to companies deemed to be "disqualified." A disqualified company is defined as an entity created, organized, or controlled by countries of concern. The bill identifies the People's Republic of China, the Russian Federation, the Islamic Republic of Iran, and the Democratic People's Republic of Korea as these countries of concern. These changes would apply to taxable years beginning after the Act is enacted.

Yes

  • Does this reduce what the federal government spends?+3

    The bill reduces government spending by denying various green energy tax credits to specific disqualified entities.

The opposite

  • Would business owners be better off under this?-3

    Business owners of entities controlled by the specified countries of concern will lose access to significant green energy tax benefits.

  • Does this reduce how much oil, gas and coal is produced?-2

    By denying tax incentives for green energy to companies controlled by countries of concern, the bill may indirectly slow the transition away from fossil fuels.