U.S. Congress legislation · 119th Congress
HB9921: American Shipyard Investment Act of 2026
Status: In committee, July 23, 2026
To amend the Internal Revenue Code of 1986 to support the national defense and economic security of the United States by incentivizing the construction of United States shipyards.
What the bill says
To amend the Internal Revenue Code of 1986 to support the national defense and economic security of the United States by incentivizing the construction of United States shipyards.
From the introduced text, July 23, 2026:
A BILL To amend the Internal Revenue Code of 1986 to support the national defense and economic security of the United States by incentivizing the construction of United States shipyards. SECTION 1. Short title This Act may be cited as the American Shipyard Investment Act of 2026 . SECTION 2. Credit for construction of shipyard facilities (a) In general Subpart E of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 48E the following new section: SECTION 48F. Credit for construction of shipyard facilities (a) In general For purposes of section 46, the shipyard investment tax credit for any taxable year is an amount equal to 25 percent of the qualified investment for such taxable year with respect to any qualified shipyard facility of a taxpayer described in section 48D(c)(1). In the case of any qualified shipyard facility located in an area described in section 1400Z-1, the preceding sentence shall be applied by substituting 35 percent for 25 percent . (b) Qualified investment (1) In general For purposes of subsection (a), the qualified investment with respect to any qualified shipyard facility for any taxable year is the basis of any qualified property placed in service by the taxpayer during such taxable year which is part of a qualified …
Sponsors
- Nathaniel Moran (R, HD-001) · primary sponsor
- Mike Kelly (R, HD-PA-16)
- Brendan Boyle (D, HD-PA-2)
- Craig Goldman (R, HD-TX-12)
Latest actions
- : Referred to the House Committee on Ways and Means.
- : Introduced in House
Subjects: Taxation
Common questions
- What is HB9921?
- HB9921 is a bill in Congress (119th Congress): American Shipyard Investment Act of 2026.
- What does HB9921 do?
- In its own words: To amend the Internal Revenue Code of 1986 to support the national defense and economic security of the United States by incentivizing the construction of United States shipyards.
- What is the status of HB9921?
- In committee as of July 23, 2026. Latest action: Referred to the House Committee on Ways and Means. (July 23, 2026).
- Who sponsored HB9921?
- Nathaniel Moran (R, HD-001), with 3 co-sponsors.
- Where is the official record for HB9921?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/9921
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.