H.R. 9921 — American Shipyard Investment Act of 2026

This section establishes a new shipyard investment tax credit equal to 25 percent (35 percent in opportunity zones) of qualified investment in facilities located in the United States whose primary purpose is constructing or repairing commercial or military vessels or manufacturing critical components or equipment for such vessels. The credit applies to property placed in service after the date of introduction of the Act and before January 1, 2034, and is added to the investment credit under section 46. It also authorizes elective payment and transfer of the credit and makes conforming amendments to sections 49, 50, 6417, 6418, and 1357.