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Tax Incentives to Boost US Shipbuilding, Ports, and Maritime Workforce

This legislation introduces significant tax credits for companies that build, reconstruct, or repower cargo vessels in US shipyards and invest in maritime infrastructure. The goal is to strengthen national defense and economic security by supporting vessels, ports, shipyards, and the United States maritime workforce.
Key points
New tax credit (up to 40%) for investing in US-flagged cargo vessels built or modernized domestically, excluding entities linked to foreign countries of concern.
A 25% tax credit for investments in qualified US shipyard facilities and manufacturing critical maritime components.
Exclusion of certain maritime security payments and student incentive payments for maritime training from taxable income.
Creation of "Maritime Prosperity Zones" treated as Opportunity Zones, offering tax benefits for investments in ports and shipyards.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1536
Sponsor: Sen. Kelly, Mark [D-AZ]
Process start date: 2025-04-30
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Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Building Ships in America Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1536.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-04-30.

What are the main provisions?

Key points include:

  • New tax credit (up to 40%) for investing in US-flagged cargo vessels built or modernized domestically, excluding entities linked to foreign countries of concern.
  • A 25% tax credit for investments in qualified US shipyard facilities and manufacturing critical maritime components.
  • Exclusion of certain maritime security payments and student incentive payments for maritime training from taxable income.
  • Creation of "Maritime Prosperity Zones" treated as Opportunity Zones, offering tax benefits for investments in ports and shipyards.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Kelly, Mark [D-AZ].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Taxes Economy Transport