The gist

• Creates a 25% federal tax credit for companies that build shipyards in the U.S., aiming to boost Navy shipbuilding and commercial vessel production.

Who wins, who loses

• Wins: shipbuilding companies, coastal port towns, Navy contractors, workers in Opportunity Zones.
• Loses: taxpayers absorbing lost revenue; foreign shipbuilders in South Korea, Japan, and China lose competitive edge.

What it does

• Adds Section 48F to the Internal Revenue Code creating a 25% investment tax credit.
• Boosts credit to 35% for shipyards in Opportunity Zones (low-income areas).
• Covers facilities building or repairing commercial and military vessels or critical components.
• Credit expires for property placed in service after December 31, 2033.

Why should I care?

Supporters say America's shipbuilding has collapsed while China dominates, threatening both Navy readiness and supply chains. Critics argue tax breaks for big defense contractors waste money and rarely create promised jobs. An alternative being debated: direct federal contracts and worker training instead of credits. Where do you land? Vote below and use "Tell Your Rep" to make sure your voice reaches Congress.