NO GOTION Act
Key claim: The NO GOTION Act would bar entities created in, organized in, or controlled by China, Russia, Iran, or North Korea from claiming a wide range of federal energy-related tax credits, deductions, and excise-tax refunds.
Abstract
(HR524 · 119th Congress) No Official Giveaways Of Taxpayers’ Income to Oppressive Nations Act or the NO GOTION Act This bill prohibits an entity that is created in, organized in, or controlled (in the aggregate) by China, Russia, Iran, or North Korea, or an entity controlled (in the aggregate) by one or more of such entities, from claiming multiple energy-related federal tax credits and incentives. Specifically, the bill prohibits such entities from claiming the federal tax credits for alternative fuel vehicle refueling property, second-generation biofuel, biodiesel fuel, sustainable aviation fuel, renewable electricity production, carbon sequestration, zero-emission nuclear power production, clean hydrogen production, clean commercial vehicles, advanced manufacturing production, clean electricity production, clean fuel production, investments in energy property, advanced energy projects, clean electricity investment, biodiesel mixtures, alternative fuel, and alternative fuel mixtures. Further, such entities are prohibited from claiming the federal tax deduction for energy efficient improvements to commercial buildings. Finally, such entities are not entitled to a credit or refund of federal excise taxes paid on biodiesel, alternative fuel, or sustainable aviation fuel mixtures produced by the entities. Latest action (2025-01-16): Referred to the House Committee on Ways and Means.
Why this matters
The NO GOTION Act would narrow eligibility for federal energy tax incentives by excluding entities tied to designated foreign adversaries, effectively using tax policy as a trade/investment control instrument. For importers and manufacturers with PRC, Russian, Iranian, or North Korean ownership or organization ties, the change could shift the after-tax economics of U.S. energy projects and supply-chain participation, indirectly affecting downstream consumer prices in batteries, EVs, and renewables.