119-hr4589

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4589 Introduced in House

    (IH) ]

<DOC>

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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