Port Crane Tax Credit Act of 2025
Sponsored By: Representative Rep. Ezell, Mike [R-MS-4]
Introduced
Summary
Boost domestic port crane production. This bill would create two targeted tax credits to jumpstart U.S. factories and the sale of port cranes built with U.S. components.
Show full summary
- Manufacturers and investors: A Port Crane Manufacturing Facility Investment Credit would give eligible taxpayers a nonrefundable business credit equal to 25% of qualified investments in U.S. port crane manufacturing facilities. The credit covers tangible depreciable property tied to production and stops applying to property placed in service after 2035.
- Producers and sellers: A Port Crane Production Credit would allow a credit worth 40% of a crane's sale price, or 60% if 90% of component materials are produced in the United States. The production credit is phased down starting in 2035 and phases out after 2036.
- Tax mechanics and definitions: Both credits are treated as general business credits and can be elected as payments against tax and transferred under Treasury rules. The bill defines “port crane” and “component material” to target gantry, ship-to-shore, and similar cargo-handling cranes.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
25% credit for U.S. port crane factories
This bill would give a 25% tax credit for money invested in U.S. port crane manufacturing facilities. Property must be tangible, depreciable, new to the taxpayer, and integral to the plant. Buildings can count if they are not used for offices or other non‑manufacturing work. Taxpayers could elect to treat the credit as a payment or transfer it under IRS rules. It would apply to property placed in service in tax years beginning after enactment, and not to property placed in service after December 31, 2035.
Big credit for U.S.-made port cranes
This bill would create a credit for each port crane made in the U.S. and sold to an unrelated buyer. The credit would equal 40% of the sale price, or 60% if 90% of parts are U.S.-made. It would phase down: multiply by 0.25 for cranes produced in 2035, by 0.15 in 2036, and by 0 after 2036. Taxpayers could elect a payment of the credit or transfer it. It would apply to cranes produced in tax years beginning after enactment.
Rules to claim or transfer credits
This bill would plug the new port crane credits into existing tax rules. Both credits would qualify for elective payment and for transfer to another taxpayer. The production credit would be part of the general business credit, and basis rules would be updated for qualifying factory property. These integration rules would apply to tax years beginning after enactment.
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Sponsors & CoSponsors
Sponsor
Rep. Ezell, Mike [R-MS-4]
MS • R
Cosponsors
Rep. Weber, Randy K. Sr. [R-TX-14]
TX • R
Sponsored 7/22/2025
Malliotakis
NY • R
Sponsored 7/22/2025
Rep. Kiggans, Jennifer A. [R-VA-2]
VA • R
Sponsored 7/22/2025
Rouzer
NC • R
Sponsored 8/1/2025
Roll Call Votes
No roll call votes available for this bill.
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