Port Crane Tax Credit Act of 2025

[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 purpos