Building Ships in America Act of 2025 amends the Internal Revenue Code to support U.S. national defense and economic security.
The Building Ships in America Act of 2025 amends the Internal Revenue Code to support national defense and economic security by providing tax incentives for U.S. vessels, ports, shipyards, and maritime workforce. It introduces a U.S. vessel investment credit, excludes certain maritime security payments from gross income, and defines qualifying shipping activities. It also establishes a credit for construction of shipyard facilities, modifies tax incentives for merchant marine capital construction funds, and excludes student incentive payment agreements from gross income.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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