Sec. 2. Prohibition on battery components manufactured or assembled by corporations associated with foreign entities of concern
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Subparagraph
(B)of section 30D(d)(7) of the Internal Revenue Code of 1986 is amended by striking manufactured or assembled by a foreign entity of concern (as so defined). and inserting the following: manufactured or assembled by— a foreign entity of concern (as so defined), a domestic corporation which— is controlled by, operated by, or under the substantial influence of a foreign entity of concern, or relies on technology provided through a licensing agreement with a foreign entity of concern, a foreign corporation— which is created or organized in a country which is not described in section 40207(a)(5)(C) of the Infrastructure Investment and Jobs Act ( 42 U.S.C. 18741(a)(5)(C) ), and which— is controlled by, operated by, or under the substantial influence of a foreign entity of concern, relies on technology provided through a licensing agreement with a foreign entity of concern, or is owned more than 20 percent by 1 or more foreign entities of concern, or any member or partner of a joint venture or partnership in which at least 1 other member or partner is a foreign entity of concern. . The amendment made by this section shall apply to vehicles sold after the date of enactment of this Act.
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Sec. 2
Prohibition on battery components manufactured or assembled by corporations associated with foreign entities of concern
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