NO GOTION Act

Key Points

• The bill would strip a wide range of green energy tax credits from companies connected to China, Russia, Iran, and North Korea. It covers credits for EV charging, wind, solar, carbon capture, clean hydrogen, and more.
• A "disqualified company" includes any business created, organized in, or controlled by one or more of the four named countries of concern, as well as any entity controlled by such a company.
• The four countries of concern named in the bill are China, Russia, Iran, and North Korea. Any company with ownership or control ties to these nations would lose eligibility for all listed green energy tax benefits.
• If enacted, the new rules would kick in for tax years starting after the date the bill becomes law, meaning companies affected would lose access to credits beginning with their next full tax year.