Denying Green Energy Tax Benefits to Companies Linked to Oppressive Nations.
This bill prevents companies controlled or significantly owned by the governments of China, Russia, Iran, and several other nations from accessing US green energy tax credits and subsidies. For taxpayers, this ensures that federal funds intended to support clean energy development are not channeled to entities connected to these specific foreign governments. The legislation primarily impacts large corporations and investments in the energy sector.
Key points
Companies controlled by or linked to the governments of China, Russia, Iran, North Korea, Cuba, Syria, and Venezuela (under Maduro) are denied access to federal green energy tax benefits.
The restrictions cover a wide range of tax incentives, including credits for renewable energy production, carbon capture, and energy efficiency.
The goal is to safeguard taxpayer funds and ensure that clean energy subsidies support US interests rather than entities connected to designated countries of concern.
Expired
Citizen Poll