NO GOTION Act

This bill, S 5249 (NO GOTION Act), denies U.S. green energy tax benefits to companies connected to specific countries designated as "countries of concern." It directly affects U.S. companies with ties to nations like China, Russia, Iran, North Korea, Cuba, Venezuela under Maduro, or Syria - defined as entities controlled by these governments or with significant ownership by them. The law removes eligibility for tax credits under sections 30C, 40, 45, 45Q, and other green energy provisions in the tax code. Companies meeting the "disqualified company" definition lose access to these benefits, effectively redirecting tax incentives away from firms linked to these nations. The policy change takes effect for taxable years after enactment.