334 
with respect to barges and containers con-
structed in the United States.’’, 
(B) by redesignating paragraph (2) as 
paragraph (4), and 
(C) by inserting after paragraph (1) the 
following: 
‘‘(2) FULLY
AUTOMATED
CARGO
HANDLING 
EQUIPMENT.—No withdrawals may be made from a 
capital construction fund to purchase fully auto-
mated cargo handling equipment that is remotely 
operated or remotely monitored with or without the 
exercise of human intervention or control, if the Sec-
retary determines such equipment would result in a 
net loss of jobs within a marine terminal. 
‘‘(3) PROHIBITION ON PEOPLE’S REPUBLIC OF 
CHINA CRANES.—No withdrawals may be made from 
a capital construction fund to purchase cranes man-
ufactured in the People’s Republic of China.’’, 
(4) in subsection (f)— 
(A) in paragraph (2), by inserting ‘‘cargo 
handling equipment,’’ after ‘‘barge,’’ both 
places the term appears, 
(B) in paragraph (3), by inserting ‘‘cargo 
handling equipment,’’ after ‘‘barge,’’ both 
places the term appears, and 
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335 
(C) in paragraph (4), by inserting ‘‘cargo 
handling equipment,’’ after ‘‘barges,’’, 
(5) in subsection (g)— 
(A) in the flush matter at the end of para-
graph (2), by inserting ‘‘cargo handling equip-
ment,’’ after ‘‘advanced’’, and 
(B) in paragraph (5)(A)— 
(i) in the heading, by striking ‘‘25 
YEARS’’ and inserting ‘‘15 YEARS’’, 
(ii) by striking ‘‘26th, 27th, 28th, 
29th, or 30th taxable year’’ and inserting 
‘‘following specified taxable year’’, and 
(iii) by striking the table contained 
therein and inserting the following: 
‘‘If the amount remains in the 
fund at the close of the- 
The applicable percentage is- 
16th taxable year ......................................................................... 20 percent 
17th taxable year ......................................................................... 40 percent 
18th taxable year ......................................................................... 60 percent 
19th taxable year ......................................................................... 80 percent 
20th taxable year .........................................................................
100 percent’’, and 
(6) in subsection (i), by striking ‘‘as in effect on 
the date of the enactment of this section’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2025. 
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336 
SEC. 708. EXEMPTION OF STUDENT INCENTIVE PAYMENT 
AGREEMENTS FROM GROSS INCOME. 
(a) IN GENERAL.—Part III of subchapter B of chap-
ter 1 of the Internal Revenue Code of 1986, as amended 
by section 702, is further amended by inserting after sec-
tion 139J the following new section: 
‘‘SEC. 139K. STUDENT INCENTIVE PAYMENT AGREEMENTS. 
‘‘In the case of an individual who has entered into 
an agreement described in section 51509 of title 46, 
United States Code, gross income does not include any 
student incentive payments made to such individual pursu-
ant to such agreement.’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
for part III of subchapter B of chapter 1 of the Internal 
Revenue Code of 1986, as amended by section 702, is fur-
ther amended by inserting after the item relating to sec-
tion 139J the following new item: 
‘‘Sec. 139K. Student incentive payment agreements.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply with respect to payments made 
after December 31, 2025. 
SEC. 709. MARITIME FUEL TAX PARITY. 
(a) IN GENERAL.—Section 4041(g) of the Internal 
Revenue Code of 1986 is amended by adding at the end 
the following new sentence: ‘‘For purposes of subsection 
(a)(2), the exemption under paragraph (1) shall also apply 
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337 
to fuel sold for use or used by a vessel which is both de-
scribed in section 4042(c)(1) and actually engaged in 
trade between the Atlantic or Pacific ports of the United 
States (including any territory or possession of the United 
States).’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to fuel sold for use or used after 
December 31, 2025. 
SEC. 710. TREATMENT OF MARITIME PROSPERITY ZONES 
AS OPPORTUNITY ZONES. 
(a) IN GENERAL.—Subchapter Z of chapter 1 of the 
Internal Revenue Code of 1986 is amended by adding at 
the end the following new section: 
‘‘SEC. 1400Z–3. TREATMENT OF MARITIME PROSPERITY 
ZONES AS OPPORTUNITY ZONES. 
‘‘(a) IN GENERAL.—A maritime prosperity zone shall 
be treated as a qualified opportunity zone. 
‘‘(b) SPECIAL RULES.—In applying this subchapter 
to any maritime prosperity zone which is a qualified op-
portunity zone solely by reason of this section— 
‘‘(1) IN
GENERAL.—For purposes of deter-
mining— 
‘‘(A) whether any property which would 
not be qualified opportunity fund business prop-
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erty without regard to this section is qualified 
opportunity fund business property, and 
‘‘(B) whether any corporation or partner-
ship which is not a qualified opportunity fund 
business without regard to this section is a 
qualified opportunity fund business, 
section 1400Z–2(d) shall be applied with the modifications 
described in paragraph (2). 
‘‘(2) MODIFICATIONS.—The modifications de-
scribed in this paragraph are as follows: 
‘‘(A) 
START
DATE.—Subparagraphs 
(B)(i)(I), (C)(i), and (D)(i)(I) of section 
1400Z–2(d)(2) shall each be applied by sub-
stituting ‘the date of the enactment of the Ship-
building and Harbor Infrastructure for Pros-
perity and Security for America Act of 2025’ 
for ‘December 31, 2017’. 
‘‘(B) QUALIFIED BUSINESS PROPERTY.— 
Property shall not be treated as qualified oppor-
tunity zone business property unless such prop-
erty is substantially used in an industry which 
is assigned a code under the North American 
Industrial Classification System which is de-
scribed in paragraph (3). 
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‘‘(C) QUALIFIED
BUSINESS.—A trade or 
business shall not be treated as a qualified op-
portunity zone business unless such trade or 
business operates in an industry which is as-
signed a code under the North American Indus-
trial Classification System which is described in 
paragraph (3). 
‘‘(3) ELIGIBLE NORTH AMERICAN INDUSTRIAL 
CLASSIFICATION
SYSTEM
CODES.—The following 
codes under the North American Industrial Classi-
fication System are the codes described in this para-
graph: 
‘‘(A) 48311 (deep sea freight transpor-
tation). 
‘‘(B) 483113 (coastal and Great Lakes 
freight transportation). 
‘‘(C) 483211 (inland water freight trans-
portation). 
‘‘(D) 4883 (support activities for water 
transportation). 
‘‘(E) 3366 (ship and boat building). 
‘‘(c) MARITIME PROSPERITY ZONE.—For purposes of 
this chapter— 
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