H.R. 4589

[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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