Search bills, members, committees and pages...
48F. Credit for maintaining and enhancing hydroelectric facilities
(a) In general
For purposes of section 46, the credit for maintaining and enhancing hydroelectric facilities for any taxable year is an amount equal to 30 percent of the basis of any hydropower improvement property placed in service during such taxable year.(b) Certain progress expenditure rules made applicable
Rules similar to the rules of subsections (c)(4) and (d) of section 46 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990) shall apply for purposes of subsection (a).(c) Hydropower improvement property
In this section, the term hydropower improvement property means property which—(1) adds or improves fish passage at a qualified dam,(2) maintains or improves the quality of the water retained or released by a qualified dam,(3) promotes downstream sediment transport processes and habitat maintenance with respect to a qualified dam,(4) is part of a marine energy technology project or a marine energy project, or(5) places into service an approved remote dam.(d) Other definitions
In this section—(1) Approved remote dam
The term approved remote dam means—(A) a hydroelectric dam which—(i) exclusively services communities not interconnected to the Electric Reliability Council of Texas, the Eastern Interconnection, or the Western Interconnection,(ii) does not contribute to atmosphere pollution, and(iii) has a maximum net output of not greater than 40 megawatts, and(B) any interconnection property associated with a dam described in subparagraph (A).(2) Commission
The term Commission means the Federal Energy Regulatory Commission.(3) Fish passage
The term fish passage means, with respect to any qualified dam, any new or upgraded turbine, fishway, or other fish passage technology which improves fish migration and survival rates.(4) Interconnection property
The term interconnection property means any tangible property—(i) with respect to any dam described in paragraph (1)(A), to enable the delivery of electricity from such dam to any customer, or(ii) with respect to any project described paragraph (5)(A) or (6)(A), to enable the delivery of electricity from such project to any customer, and(A)(B) which satisfies the requirements under clauses (ii) and (iii) of section 48(a)(8)(B).(5) Marine energy project
The term marine energy project means—(A) a project which produces electricity from—(i) waves, tides, and currents in oceans, estuaries, and tidal areas,(ii) free flowing water in rivers, lakes, streams, and man-made channels,(iii) differentials in salinity and pressure gradients, or(iv) differentials in water temperature, including ocean thermal energy conversion, and(B) any interconnection property associated with a project described in subparagraph (A).(6) Marine energy technology project
The term marine energy technology project means—(A) a project which the Commission determines—(i) will produce electricity from a generator that converts the potential energy of flowing water,(ii) will utilize a generating technology that is not in widespread, utility scale use in the United States as of the date of enactment of this section,(iii) will not be, based on information available to the Commission, likely to jeopardize the continued existence of any species listed as a threatened species or an endangered species under the Endangered Species Act of 1973, and(iv) will not be, based on information available to the Commission, likely to result in the destruction or adverse modification of an area designated as critical habitat for any species listed as a threatened species or an endangered species under such Act, and(B) any interconnection property associated with a project described in subparagraph (A).(7) Qualified dam
The term qualified dam means a hydroelectric dam that is licensed by the Commission or legally operating without such a license before the date of enactment of this section.
(13) The credit for maintaining and enhancing hydroelectric facilities under section 48F.
(E) Election with respect to credit for maintaining and enhancing hydroelectric facilities
If a taxpayer other than an entity described in subparagraph (A) makes an election under this subparagraph with respect to any taxable year in which such taxpayer has, after December 31, 2022, placed in service hydropower improvement property (as defined in section 48F(c)), such taxpayer shall be treated as an applicable entity for purposes of this section for such taxable year, but only with respect to the credit described in subsection (b)(13).
(xii) The credit for maintaining and enhancing hydroelectric facilities under section 48F.
(8) the credit for maintaining and enhancing hydroelectric facilities.
(ix) the basis of any hydropower improvement property under section 48F.
Sec. 48F. Credit for maintaining and enhancing hydroelectric facilities.
(14) Commercial fishing
The term commercial fishing means fishing (as defined in section 3 of the Magnuson-Stevens Fishery Conservation and Management Act (16 U.S.C. 1802)) in which the fish harvested, either in whole or in part, are intended to enter commerce or enter commerce through sale, barter, or trade.(15) Commercial fishing vessel
The term commercial fishing vessel means a fishing vessel and a fish processing vessel (as those terms are defined in section 2101 of title 46, United States Code).(16) Fish
The term fish has the meaning given the term in section 2101 of title 46, United States Code.(17) Fish processing
The term fish processing means the processing of fish for commercial use or consumption.(18) Fish processing facility
The term fish processing facility means a facility or vessel, boat, ship, or other craft used or equipped for fish processing.
(3) Eligibility of wild-caught fish and shellfish
For purposes of direct and guaranteed farm loans under this subtitle—(A) the terms farmer and rancher shall include an individual or entity engaged in commercial fishing or fish processing; and(B) the terms farm and ranch shall include—(i) a commercial fishing vessel; and(ii) a fish processing facility.
(3) Commercial fishery participants; fish processors
(A) Commercial fishery participants
An individual or entity engaged in commercial fishing may use a direct or guaranteed loan under this subtitle for—(i) acquiring a commercial fishing permit; and(ii) acquiring, operating, and maintaining a commercial fishing vessel.(B) Fish processors
An individual or entity engaged in fish processing may use a direct or guaranteed loan under this subtitle for acquiring, operating, and maintaining a fish processing facility.
(3) Eligibility of wild-caught fish and shellfish
For purposes of direct and guaranteed farm loans under this subtitle—(A) the terms farmer and rancher shall include an individual or entity engaged in commercial fishing or fish processing; and(B) the terms farm and ranch shall include—(i) a commercial fishing vessel; and(ii) a fish processing facility.
(f) Commercial fishery participants; fish processors
(1) Commercial fishery participants
An individual or entity engaged in commercial fishing may use a direct or guaranteed loan under this subtitle for acquiring, operating, and maintaining a commercial fishing vessel.(2) Fish processors
An individual or entity engaged in fish processing may use a direct or guaranteed loan under this subtitle for acquiring, operating, and maintaining a fish processing facility.
(F) Eligibility of wild-caught fish and shellfish
For purposes of this paragraph—(i) an agricultural commodity or product described in subsection (a)(12) shall include fish (as defined in section 2101 of title 46, United States Code) that is caught, taken, or harvested from the wild; and(ii) the eligible activities described in paragraph (2) shall include domestic seafood marketing.
(3) persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs; or
(4) persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs.
(10) enhance competitive grant programs to support shellfish mariculture and expand access to testing for harmful algal bloom toxins for subsistence and recreational shellfish harvesters through innovative methods that increase the efficiency and effectiveness of such testing in rural and remote areas;
(j) Definition of shellfish mariculture
In this section, the term shellfish mariculture means the cultivation of shellfish in their natural habitat for human consumption.
(B) the Secretary shall make available not less than 20 percent of such moneys, equal to 5 percent of all moneys transferred to the Secretary under subsection (b)(1), to carry out the Young Fishermen’s Development Act (33 U.S.C. 1141 et seq.); and
51708. Maritime workforce grant program
(a) Definitions
In this section:(1) Eligible applicant
The term eligible applicant means an entity that—(A) operates a program or performs activities leading to the recruitment, education, or training of future or current members of the maritime workforce; and(B) submits an application in such form as the Secretary may require.(2) Maritime workforce
The term maritime workforce includes positions of employment requiring a license, certificate of registry, or merchant mariner’s document issued under part E of subtitle II of title 46, United States Code.(3) Rural area
The term rural area has the meaning given the term in section 343(a) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1991(a)), without regard to subparagraphs (B), (C), and (E) through (I) of paragraph (13) of that section.(4) Secretary
The term Secretary means the Secretary of Transportation.(b) Program authorized
The Secretary, acting through the Maritime Administrator, shall establish a program to provide grants, on a competitive basis, to eligible applicants for eligible activities described in subsection (c) that support maritime workforce development.(c) Eligible activities
An eligible activity is an activity carried out by an eligible applicant—(1) to establish a new, or improve an existing, training program that teaches technical skills used in general seagoing operations and specific areas, such as deck or engineering, including the purchase of equipment for such programs;(2) to provide technical training or certification courses leading to maritime workforce credentialing, including any of the endorsements listed in section 10.109 of title 46, Code of Federal Regulations, or any successor regulation;(3) to create and deliver a program designed to provide high school students with meaningful maritime education in order to teach the future maritime workforce;(4) to support the professional development of teachers using a curriculum of a program described in paragraph (1), (2), or (3);(5) to establish, or support existing, scholarships or apprenticeships for individuals pursuing employment in the maritime workforce;(6) to support outreach about careers in the maritime workforce to—(A) secondary and postsecondary school students; or(B) underrepresented communities, as defined by the Secretary, in the maritime workforce; or(7) to otherwise enhance the maritime workforce.(d) Grant application review
In reviewing and selecting eligible applicants to receive grants under this section, the Secretary shall—(1) prior to selecting among competing applications, consult, as appropriate, with representatives of the maritime workforce;(2) ensure that the grants awarded under subsection (b) will allow participation from eligible applicants in rural, suburban, and urban areas; and(3) award not less than 25 percent of the grant funds available for each fiscal year to eligible applicants located in rural areas.
51708. Maritime workforce grant program.
(B) to conduct safety and prevention training that addresses behavioral and physical health risks, to include substance use disorder and worker fatigue, facing fishing vessel operators and crewmembers; and
(k) From amounts appropriated under subsections (i)(3) and (j)(3) for a fiscal year, the Secretary may transfer to the Secretary of Health and Human Services funds to pay for the Secretary's administration of the grant programs under subsections (i) and (j) for such fiscal year.
31. Grants for Ocean Innovation Clusters
(a) In general
The Secretary, in consultation with the Director of Sea Grant, the Assistant Secretary of Commerce for Oceans and Atmosphere, and the Assistant Secretary of Commerce for Economic Development, may award grants, on a competitive basis, to Ocean Innovation Clusters for the purposes described in subsection (b).(b) Purposes
The Secretary may award grants under subsection (a) for the operation and administration of one or more Ocean Innovation Clusters under section 502 of the Working Waterfronts Act of 2025, with the goal that Ocean Innovation Clusters will become membership-based, self-sustaining entities.(c) Input
In awarding a grant under subsection (a), the Secretary shall provide an opportunity for input from the Director of Sea Grant, the Assistant Secretary of Commerce for Oceans and Atmosphere, and the Assistant Secretary of Commerce for Economic Development.(d) Term of grants
(1) In general
The term of a grant awarded under subsection (a) shall be 2 years.(2) Renewal
The Secretary may renew a grant awarded under subsection (a) for additional periods of such duration as the Secretary determines to be appropriate and necessary for the Ocean Innovation Cluster that received the grant to provide regional economic benefits.(e) Limitations on grant amounts
A grant awarded under subsection (a) may not exceed $10,000,000.(f) Authorization of appropriations
There is authorized to be appropriated to the Secretary to award grants under subsection (a) $10,000,000 for each of fiscal years 2026 through 2030.(g) Definitions
In this section:(1) Director of Sea Grant
The term Director of Sea Grant means the Director of the National Sea Grant College Program appointed under section 204(d)(1) of the National Sea Grant College Program Act (33 U.S.C. 1123(d)(1)).(2) Ocean Innovation Cluster
The term Ocean Innovation Cluster has the meaning given that term in section 501 of the Working Waterfronts Act of 2025.
(2) Indian Tribe
The term Indian Tribe has the meaning given that term in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 5304).(3) Native Hawaiian organization
The term Native Hawaiian organization has the meaning given that term in section 3 of the NATIVE Act (25 U.S.C. 4352).
(7) Subcommittee
The term Subcommittee means the National Science and Technology Council Subcommittee on Ocean Science and Technology.(8) United States
The term United States means the States, collectively.
(D) establish an ongoing mechanism (such as a liaison or other contact of the National Oceanic and Atmospheric Administration, standing meetings, or an online platform) to engage affected industry members, coastal stakeholders, community acidification networks, fishery management councils and commissions, Indian Tribes, Native Hawaiian organizations, Tribal organizations, Tribal consortia, non-Federal resource managers, and scientific experts not employed by the Federal Government to provide input on research, data, and monitoring that is necessary to support on-the-ground management, decision making, and adaptation related to ocean acidification and coastal acidification and the impacts of ocean acidification and coastal acidification.
(G) Two representatives from Indian Tribes, Native Hawaiian organizations, Tribal organizations, or Tribal consortia affected by ocean acidification and coastal acidification.
(9) Engagement and coordination with Indian Tribes and Native Hawaiian organizations
(A) Policy required
Not later than one year after the date on which the Advisory Board is established, the Advisory Board shall develop and commence maintaining a policy for engagement and coordination with Indian Tribes and Native Hawaiian organizations affected by ocean acidification and coastal acidification.(B) Consultation
In developing the policy under subparagraph (A), the Advisory Board shall consult with Indian Tribes and Native Hawaiian organizations affected by ocean acidification and coastal acidification.
(ix) identifies the efforts of the Secretary to collaborate with State and local governments, Indian Tribes, and Native Hawaiian organizations on community vulnerability assessments, research planning, and similar activities, pursuant to section 12406(e);
(B) on ocean acidification and coastal acidification research, data, and monitoring from affected industry members, coastal stakeholders, community acidification networks, fishery management councils and commissions, Indian Tribes, Native Hawaiian organizations, non-Federal resource managers, and scientific experts not employed by the Federal Government; or
(e) Better collaboration on vulnerability assessments, research planning, and similar activities
(1) In general
In carrying out the program under subsection (a), and in support of vulnerability assessments transmitted under section 12404(e)(4) and recommendations included in the strategic research plan described in section 12405(b)(10), the Secretary shall build upon existing activities and collaborate with State and local governments and Indian Tribes that are conducting or have completed vulnerability assessments, research planning, climate action plans, or other similar activities related to ocean acidification and coastal acidification and the impacts of ocean acidification and coastal acidification on coastal communities, for the purpose of—(A) supporting collaborative interagency relationships and information sharing at the State, local, and Tribal levels; and(B) assisting State and local governments and Indian Tribes in—(i) improving existing systems and programs to better address ocean acidification and coastal acidification; and(ii) identifying whether such activities can be used as a model for other communities.(2) Indian Tribes, Native Hawaiian organizations, Tribal organizations, and Tribal consortia
In carrying out the program under subsection (a), and in support of vulnerability assessments transmitted under section 12404(e)(4) and recommendations included in the strategic research plan described in section 12405(b)(10), the Secretary may build upon existing activities and collaborate with Indian Tribes, Native Hawaiian organizations, Tribal organizations, and Tribal consortia that are conducting or have completed vulnerability assessments, research planning, climate action plans, or other similar activities related to ocean acidification and coastal acidification and the impacts of ocean acidification and coastal acidification on coastal communities.
(B) Authorization of appropriations
There is authorized to be appropriated to the Fund $5,000,000 for each of fiscal years 2026 through 2030.