The Shipbuilding Investment and Workforce Act designates maritime prosperity zones as qualified opportunity zones.
The Shipbuilding Investment and Workforce Act amends the Internal Revenue Code to allow maritime prosperity zones to be designated as qualified opportunity zones. These zones, determined by the Secretary of Commerce, support maritime industries such as shipbuilding and port operations. The bill also includes provisions for the Secretary to nominate and designate these zones, with a limit of 100 zones. The changes will take effect after December 31, 2026.
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