S. 1536
Introduced in Senate · May 13, 2025April 30, 2025
Mr. Kelly (for himself, Mr. Young, Ms. Murkowski, Ms. Baldwin, and Mr. Fetterman) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to support the national defense and economic security of the United States by supporting vessels, ports, and shipyards of the United States and the United States maritime workforce through tax policy.
1. Short title; table of contents; 2. United States vessel investment credit; 3. Certain payments for maritime security excluded from gross income; 4. Elimination of 30-day limitation on domestic operations; 5. Qualifying shipping activities; 6. Qualifying vessel; 7. Credit for construction of shipyard facilities; 8. Tax incentives relating to merchant marine capital construction funds; 9. Exemption of student incentive payment agreements from gross income; 10. Maritime fuel tax parity; 11. Treatment of maritime prosperity zones as opportunity zones
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,