Port Crane Tax Credit Act of 2025

The Port Crane Tax Credit Act of 2025 creates two new federal incentives aimed at boosting the domestic production of port cranes and their key components. First, it establishes a Port Crane Manufacturing Facility Investment Credit (section 48F) that provides a 25% credit against the cost of qualified investments to build or upgrade a port crane manufacturing facility in the United States. Second, it creates a Port Crane Production Credit (section 45BB) that grants a credit equal to a portion of the sale price for port cranes produced in the United States and sold to unrelated buyers, with higher credit (60%) if a near-total share of component materials are produced domestically. The credits are transferable (can be sold or assigned) and electable for a cash payment against tax, with an eventual sunset for new property placed in service after December 31, 2035. The act also makes technical conforming changes to the tax code to accommodate these new credits and sets rules for how the credits interact with other credits and tax payments. In short, the bill is designed to spur domestic manufacturing capacity for port cranes and to reward companies that manufacture and sell port cranes and their components in the United States, with a phasedown ending in 2035–2036.