No Tax Breaks for Radical Corporate Activism Act of 2023

This bill denies tax deductions for employers covering specific medical expenses: travel for employees seeking abortions, or gender transition care for minor children (under 18). It defines "gender transition procedure" broadly to include surgeries, puberty-blocking drugs, and cross-sex hormones, with limited exceptions for medically necessary treatments. Employers can no longer deduct costs related to these services on their federal tax returns. The law applies to taxable years after its enactment and does not affect deductions for other medical expenses or for gender transition care for adults.