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Tax Credits for Domestic Port Crane Production

This new law introduces tax credits for companies manufacturing port cranes in the United States. The goal is to support local production and create jobs. Businesses can expect a return on a portion of their investment costs and credits on the sale of manufactured cranes.
Key points
Companies building or repairing port cranes in the U.S. can receive a tax credit of 25% of their investment value.
An additional tax credit is available for companies producing port cranes in the U.S., amounting to 40% of the sale price, and up to 60% if 90% of materials are domestically sourced.
These credits aim to encourage the relocation of port crane production to the United States, potentially impacting supply chain security and local economic growth.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4589
Sponsor: Rep. Ezell, Mike [R-MS-4]
Process start date: 2025-07-22
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Port Crane Tax Credit Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4589.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-07-22.

What are the main provisions?

Key points include:

  • Companies building or repairing port cranes in the U.S. can receive a tax credit of 25% of their investment value.
  • An additional tax credit is available for companies producing port cranes in the U.S., amounting to 40% of the sale price, and up to 60% if 90% of materials are domestically sourced.
  • These credits aim to encourage the relocation of port crane production to the United States, potentially impacting supply chain security and local economic growth.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Ezell, Mike [R-MS-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Economy Public Investments