NO GOTION Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 5249 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 5249 To amend the Internal Revenue Code of 1986 to deny certain green energy tax benefits to companies connected to certain countries of concern. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES September 25, 2024 Mr. Rubio (for himself, Mrs. Capito, Mr. Braun, and Mr. Scott of Florida) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to deny certain green energy tax benefits to companies connected to certain countries of concern. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``No Official Giveaways Of Taxpayers' Income to Oppressive Nations Act'' or the ``NO GOTION Act''. SEC. 2. DENIAL OF GREEN ENERGY TAX BENEFITS TO COMPANIES CONNECTED TO COUNTRIES OF CONCERN. (a) In General.--Chapter 7…