[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4589 Introduced in House (IH)]
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119th CONGRESS
1st Session
H. R. 4589
To amend the Internal Revenue Code of 1986 to establish tax credits to
incentivize the domestic production of port cranes, and for other
purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 22, 2025
Mr. Ezell (for himself, Mr. Weber of Texas, Ms. Malliotakis, and Mrs.
Kiggans of Virginia) introduced the following bill; which was referred
to the Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to establish tax credits to
incentivize the domestic production of port cranes, and for other
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Port Crane Tax Credit Act of 2025''.
SECTION 2. PORT CRANE MANUFACTURING FACILITY INVESTMENT CREDIT.
(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:
``SEC. 48F. PORT CRANE MANUFACTURING FACILITY INVESTMENT CREDIT.
``(a) Credit Allowed.--For purposes of section 46, the port crane
investment credit for any taxable year is an amount equal 25 percent of
the qualified investment for such taxable year with respect to any port
crane manufacturing facility of an eligible taxpayer.
``(b) Qualified Investment.--
``(1) In general.--For purposes of subsection (a), the
qualified investment with respect to any port crane
manufacturing 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 port crane
manufacturing facility.
``(2) Qualified property.--
``(A) In general.--For purposes of this subsection,
the term `qualified property' means property--
``(i) which is tangible property,
``(ii) with respect to which depreciation
(or amortization in lieu of depreciation) is
allowable,
``(iii) which is--
``(I) constructed, reconstructed,
or erected by the taxpayer, or
``(II) acquired by the taxpayer if
the original use of such property
commences with the taxpayer, and
``(iv) which is integral to the operation
of the qualified port crane manufacturing
facility.
``(B) Buildings and structural components.--
``(i) In general.--The term `qualified
property' includes any building or its
structural components which otherwise satisfy
the requirements under subparagraph (A).
``(ii) Exception.--Clause (i) shall not
apply with respect to a building or portion of
a building used for offices, administrative
services, or other functions unrelated to
manufacturing.
``(3) Qualified port crane manufacturing facility.--For
purposes of this section, the term `qualified port crane
manufacturing facility' means a facility--
``(A) which is located in the United States,
including a territory or possession of the United
States, and
``(B) the primary purpose of which is--
``(i) the construction or repair of port
cranes,
``(ii) the manufacture of components which
are critical, as determined by the Secretary,
to the operation of port cranes, or
``(iii) the manufacture of equipment which
is used to produce or repair port cranes.
``(4) Definitions.--For purposes of this section--
``(A) Port crane.--The term `port crane' means--
``(i) a gantry crane which is--
``(I) installed at a port terminal,
and
``(II) designed for the loading and
unloading of cargo containers or bulk
goods between vessels and shore-side
transportation,
``(ii) a mobile harbor crane, or
``(iii) a ship to shore gantry crane which
is--
``(I) configured as a steel
superstructure, and
``(II) designed to unload
intermodal containers from vessels by
using coupling devices.
``(B) Component material.--The term `component
material' means any component within or comprising a
port crane, including the steel frame, cabling, brakes,
computer equipment, and modems.
``(5) Progress expenditure rules.--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) Elective Payment.--
``(1) In general.--Except as otherwise provided in
paragraph (2)(A), in the case of a taxpayer making an election
(at such time and in such manner as the Secretary may provide)
under this subsection with respect to the credit determined
under subsection (a), such taxpayer shall be treated as making
a payment against the tax imposed by subtitle A (for the
taxable year with respect to which such credit was determined)
equal to the amount of such credit.
``(2) Special rules.--Rules similar to the rules of section
48D(d)(2) shall apply with respect to an election under
paragraph (1).
``(d) Termination of Credit.--The credit allowed under this section
shall not apply to property placed in service after December 31,
2035.''.
(b) Credit Eligible for Elective Payment.--Section 6417(b) of such
Code is amended by adding at the end the following new paragraph:
``(13) The port crane investment credit determined under
section 48F.''.
(c) Credit Transferable.--Section 6418(f)(1)(A) of such Code is
amended by adding at the end the following new clause:
``(xii) The port crane investment credit
determined under section 48F.''.
(d) Conforming Amendments.--
(1) Section 46 of such Code is amended by striking ``and''
at the end of paragraph (6), by striking the period at the end
of paragraph (7) and inserting ``, and'', and by adding at the
end the following new paragraph:
``(8) The port crane investment credit.''.
(2) Section 49(a)(1)(C) of such Code is amended by striking
``and'' at the end of clause (vii), by striking the period at
the end of clause (viii) and inserting ``, and'', and by adding
at the end the following new clause:
``(ix) the basis of any property which is
part of a port crane manufacturing facility
under section 48F.''.
(3) Section 50(a)(2)(E) is amended by striking ``or
48E(e)'' and inserting ``48E(e), or 48F(c)(5)''.
(4) The table of sections for subpart E of part IV of
subchapter A of chapter 1 of such Code is amended by inserting
after the item relating to section 48E the following new item:
``Sec. 48F. Port crane investment credit.''.
(e) Effective Date.--The amendments made by this section shall
apply to property placed in service in taxable years beginning after
the date of the enactment of this Act.
SEC. 3. PORT CRANE PRODUCTION CREDIT.
(a) In General.--Subpart D of part IV of subchapter A of chapter 1
of the Internal Revenue Code of 1986 is amended by inserting after
section 45AA the following new section:
``SEC. 45BB. PORT CRANE PRODUCTION CREDIT.
``(a) In General.--
``(1) Allowance of credit.--For purposes of section 38, the
port crane production credit for any taxable year is an amount
equal to the sum of the credit amounts determined under
paragraph (2) with respect to each port crane which is--
``(A) produced by the taxpayer in the United
States, and
``(B) during the taxable year, sold by such
taxpayer to an unrelated person.
``(2) Credit amount.--The amount determined under this
paragraph is--
``(A) 40 percent of the sale price of a port crane
that is not described in subparagraph (B), and
``(B) 60 percent of the sale price of a port crane
with respect to which 90 percent of the component
materials are produced in the United States.
``(b) Credit Phase-Out.--
``(1) In general.--The amount of the credit under
subsection (a) for any port crane produced during a calendar
year described in paragraph (2) shall be equal to the product
of--
``(A) the amount of the credit determined under
subsection (a) without regard to this subsection,
multiplied by
``(B) the phase out percentage under paragraph (2).
``(2) Phase-out percentage.--The phase-out percentage under
this paragraph is equal to--
``(A) in the case of any port crane produced in
calendar year 2035, 25 percent,
``(B) in the case of any port crane produced in
calendar year 2036, 15 percent, and
``(C) in the case of any port crane produced after
calendar year 2036, 0 percent.
``(c) Port Crane, Component Materials.--The terms `port crane' and
`component materials' have the respective meanings given such terms in
section 45F(b)(4).''.
(b) Credit Allowed as Part of General Business Credit.--Section
38(b) of such Code is amended by striking ``plus'' at the end of
paragraph (40), by striking the period at the end of paragraph (41) and
inserting ``, plus'', and by adding at the end the following new
paragraph:
``(42) the port crane production credit determined under
section 45BB.''.
(c) Credit Eligible for Elective Payment.--Section 6417(b) of such
Code, as amended by the preceding provisions of this Act, is amended by
adding at the end the following new paragraph:
``(14) The port crane production credit determined under
section 45BB.''.
(d) Credit Transferable.--Section 6418(f)(1)(A) of such Code, as
amended by the preceding provisions of this Act, is amended by adding
at the end the following new clause:
``(xiii) The port crane production credit
determined under section 45BB.''.
(e) Clerical Amendment.--The table of sections for subpart D of
part IV of subchapter A of chapter 1 of such Code is amended by adding
at the end the following new item:
``Sec. 45BB. Port crane production credit.''.
(f) Effective Date.--The amendments made by this section shall
apply to property produced in taxable years beginning after the date of
the enactment of this Act.
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