NO GOTION Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 369 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 369 To amend the Internal Revenue Code of 1986 to deny certain green energy tax benefits to companies associated with foreign adversaries. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES February 3, 2025 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 associated with foreign adversaries. 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 ASSOCIATED WITH FOREIGN ADVERSARIES. (a) In General.--Chapter 77 of the Internal Revenue Code of 1986 is amended by adding at the…