To amend the Internal Revenue Code of 1986 to deny certain green energy tax benefits to companies connected to certain countries of concern.

Hozzl · 2025-02-11T09:00:22Z

Explore the details of House Bill 524 To amend the Internal Revenue Code of 1986 to deny certain green energy tax benefits to companies connected to certain countries of concern. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/11/2025, 9:00 AM

Summary of Bill HR 524

Bill 119 HR 524 aims to make changes to the Internal Revenue Code of 1986 in order to restrict certain tax benefits related to green energy for companies that have connections to countries that are considered to be of concern. The bill seeks to deny these tax benefits to companies that have ties to these specific countries, in an effort to prevent any potential misuse or exploitation of these benefits. The goal of this legislation is to ensure that companies receiving tax benefits for green energy initiatives are not engaging in any activities that could be harmful or pose a threat to national security. This bill is designed to promote transparency and accountability in the use of tax incentives for green energy projects, while also addressing potential risks associated with companies that have connections to countries of concern.

Current Status of Bill HR 524

Bill HR 524 is currently in the status of Bill Introduced since January 16, 2025. Bill HR 524 was introduced during Congress 119 and was introduced to the House on January 16, 2025. Bill HR 524's most recent activity was Referred to the House Committee on Ways and Means. as of January 16, 2025

Bipartisan Support of Bill HR 524

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 524

Primary Policy Focus

Alternate Title(s) of Bill HR 524

To amend the Internal Revenue Code of 1986 to deny certain green energy tax benefits to companies connected to certain countries of concern.To amend the Internal Revenue Code of 1986 to deny certain green energy tax benefits to companies connected to certain countries of concern.

Start holding our government accountable!