,i #aai? ,,congress #a/ ,session ,h4 ,r4 #dehi ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,july #bb1 #bjbe,mr4 ,ezell 7= himself1 ,mr4 ,web] ( ,texas1 ,ms4 ,malliotakis1 & ,mrs4 ,kiggans ( ,virg9ia7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to e/abli% tax cr$its to inc5tivize ! dome/ic production ( port cranes1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,port ,crane ,tax ,cr$it ,act ( #bjbe4 #b4 ,port crane manufactur+ facility inve/m5t cr$it 7a7 ,9 g5]al ,subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] section #dh;,e ! foll[+ new section3 #dh;,f4 ,port crane manufactur+ facility inve/m5t cr$it 7a7 ,cr$it all[$ ,= purposes ( section #df1 ! port crane inve/m5t cr$it = any taxable ye> is an am\nt equal #be p]c5t ( ! qualifi$ inve/m5t = su* taxable ye> ) respect to any port crane manufactur+ facility ( an eligible taxpay]4 7b7 ,qualifi$ inve/m5t 7#a7 ,9 g5]al ,= purposes ( subsection 7a71 ! qualifi$ inve/m5t ) respect to any port crane manufactur+ facility = any taxable ye> is ! basis ( any qualifi$ prop]ty plac$ 9 s]vice by ! taxpay] dur+ su* taxable ye> :i* is "p ( a qualifi$ port crane manufactur+ facility4 7#b7 ,qualifi$ prop]ty 7,a7 ,9 g5]al ,= purposes ( ?is subsection1 ! t]m qualifi$ prop]ty means prop]ty-- 7i7 :i* is tangible prop]ty1 7ii7 ) respect to :i* depreciation 7or amortization 9 lieu ( depreciation7 is all[able1 7iii7 :i* is-- 7,i7 con/ruct$1 recon/ruct$1 or erect$ by ! taxpay]1 or 7,,ii7 acquir$ by ! taxpay] if ! orig9al use ( su* prop]ty comm5ces ) ! taxpay]1 & 7iv7 :i* is integral to ! op]ation ( ! qualifi$ port crane manufactur+ facility4 7,b7 ,build+s & /ructural compon5ts 7i7 ,9 g5]al ,! t]m qualifi$ prop]ty includes any build+ or its /ructural compon5ts :i* o!rwise satisfy ! requirem5ts "u subp>agraph 7,a74 7ii7 ,exception ,clause 7i7 %all n apply ) respect to a build+ or portion ( a build+ us$ = (fices1 adm9i/rative s]vices1 or o!r functions unrelat$ to manufactur+4 7#c7 ,qualifi$ port crane manufactur+ facility ,= purposes ( ?is section1 ! t]m qualifi$ port crane manufactur+ facility means a facility-- 7,a7 :i* is locat$ 9 ! ,unit$ ,/ates1 includ+ a t]ritory or possession ( ! ,unit$ ,/ates1 & 7,b7 ! prim>y purpose ( :i* is-- 7i7 ! con/ruction or repair ( port cranes1 7ii7 ! manufacture ( compon5ts :i* are critical1 z det]m9$ by ! ,secret>y1 to ! op]ation ( port cranes1 or 7iii7 ! manufacture ( equipm5t :i* is us$ to produce or repair port cranes4 7#d7 ,def9itions ,= purposes ( ?is section-- 7,a7 ,port crane ,! t]m port crane means-- 7i7 a gantry crane :i* is-- 7,i7 in/all$ at a port t]m9al1 & 7,,ii7 design$ = ! load+ & unload+ ( c>go conta9]s or bulk goods betwe5 vessels & %ore-side transportation1 7ii7 a mobile h>bor crane1 or 7iii7 a %ip to %ore gantry crane :i* is-- 7,i7 configur$ z a /eel sup]/ructure1 & 7,,ii7 design$ to unload int]modal conta9]s f vessels by us+ c\pl+ devices4 7,b7 ,compon5t mat]ial ,! t]m compon5t mat]ial means any compon5t )9 or compris+ a port crane1 includ+ ! /eel frame1 cabl+1 brakes1 comput] equipm5t1 & modems4 7#e7 ,progress exp5diture rules ,rules simil> to ! rules ( subsections 7c77#d7 & 7d7 ( section #df 7z 9 effect on ! day be=e ! date ( ! enactm5t ( ! ,rev5ue ,reconciliation ,act ( #aiij7 %all apply = purposes ( subsection 7a74 7c7 ,elective paym5t 7#a7 ,9 g5]al ,except z o!rwise provid$ 9 p>agraph 7#b77;,a71 9 ! case ( a taxpay] mak+ an election 7at su* "t & 9 su* mann] z ! ,secret>y may provide7 "u ?is subsection ) respect to ! cr$it det]m9$ "u subsection 7a71 su* taxpay] %all be treat$ z mak+ a paym5t aga9/ ! tax impos$ by subtitle ,a 7= ! taxable ye> ) respect to :i* su* cr$it 0 det]m9$7 equal to ! am\nt ( su* cr$it4 7#b7 ,special rules ,rules simil> to ! rules ( section #dh;,d7d77#b7 %all apply ) respect to an election "u p>agraph 7#a74 7d7 ,t]m9ation ( cr$it ,! cr$it all[$ "u ?is section %all n apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjce4 4 7b7 ,cr$it eligible = elective paym5t ,section #fdag7;b7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#ac7 ,! port crane inve/m5t cr$it det]m9$ "u section #dh;,f4 4 7c7 ,cr$it transf]able ,section #fdah7;f77#a77;,a7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new clause3 7xii7 ,! port crane inve/m5t cr$it det]m9$ "u section #dh;,f4 4 7d7 ,con=m+ am5dm5ts 7#a7 ,section #df ( su* ,code is am5d$ by /rik+ & at ! end ( p>agraph 7#f71 by /rik+ ! p]iod at ! end ( p>agraph 7#g7 & ins]t+ 1 &1 & by add+ at ! end ! foll[+ new p>agraph3 7#h7 ,! port crane inve/m5t cr$it4 4 7#b7 ,section #di7;a77#a77;,c7 ( su* ,code is am5d$ by /rik+ & at ! end ( clause 7vii71 by /rik+ ! p]iod at ! end ( clause 7viii7 & ins]t+ 1 &1 & by add+ at ! end ! foll[+ new clause3 7ix7 ! basis ( any prop]ty :i* is "p ( a port crane manufactur+ facility "u section #dh;,f4 4 7#c7 ,section #ej7;a77#b77;,e7 is am5d$ by /rik+ or #dh;,e7e7 & ins]t+ #dh;,e7e71 or #dh;,f7c77#e74 7#d7 ,! table ( sections = subp>t ,e ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su* ,code is am5d$ by ins]t+ aft] ! item relat+ to section #dh;,e ! foll[+ new item3 ,sec4 #dh;,f4 ,port crane inve/m5t cr$it4 4 7e7 ,effective date ,! am5dm5ts made by ?is section %all apply to prop]ty plac$ 9 s]vice 9 taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 #c4 ,port crane production cr$it 7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] section #de;,,aa ! foll[+ new section3 #de;,,bb4 ,port crane production cr$it 7a7 ,9 g5]al 7#a7 ,all[ance ( cr$it ,= purposes ( section #ch1 ! port crane production cr$it = any taxable ye> is an am\nt equal to ! sum ( ! cr$it am\nts det]m9$ "u p>agraph 7#b7 ) respect to ea* port crane :i* is-- 7,a7 produc$ by ! taxpay] 9 ! ,unit$ ,/ates1 & 7,b7 dur+ ! taxable ye>1 sold by su* taxpay] to an unrelat$ p]son4 7#b7 ,cr$it am\nt ,! am\nt det]m9$ "u ?is p>agraph is-- 7,a7 #dj p]c5t ( ! sale price ( a port crane t is n describ$ 9 subp>agraph 7,b71 & 7,b7 #fj p]c5t ( ! sale price ( a port crane ) respect to :i* #ij p]c5t ( ! compon5t mat]ials are produc$ 9 ! ,unit$ ,/ates4 7b7 ,cr$it phase-,out 7#a7 ,9 g5]al ,! am\nt ( ! cr$it "u subsection 7a7 = any port crane produc$ dur+ a cal5d> ye> describ$ 9 p>agraph 7#b7 %all be equal to ! product (-- 7,a7 ! am\nt ( ! cr$it det]m9$ "u subsection 7a7 )\t reg>d to ?is subsection1 multipli$ by 7,b7 ! phase out p]c5tage "u p>agraph 7#b74 7#b7 ,phase-out p]c5tage ,! phase-out p]c5tage "u ?is p>agraph is equal to-- 7,a7 9 ! case ( any port crane produc$ 9 cal5d> ye> #bjce1 #be p]c5t1 7,b7 9 ! case ( any port crane produc$ 9 cal5d> ye> #bjcf1 #ae p]c5t1 & 7,c7 9 ! case ( any port crane produc$ aft] cal5d> ye> #bjcf1 #j p]c5t4 7c7 ,port crane1 compon5t mat]ials ,! t]ms port crane & compon5t mat]ials h ! respective mean+s giv5 su* t]ms 9 section #de;,f7b77#d74 4 7b7 ,cr$it all[$ z "p ( g5]al bus9ess cr$it ,section #ch7;b7 ( su* ,code is am5d$ by /rik+ plus at ! end ( p>agraph 7#dj71 by /rik+ ! p]iod at ! end ( p>agraph 7#da7 & ins]t+ 1 plus1 & by add+ at ! end ! foll[+ new p>agraph3 7#db7 ! port crane production cr$it det]m9$ "u section #de;,,bb4 4 7c7 ,cr$it eligible = elective paym5t ,section #fdag7;b7 ( su* ,code1 z am5d$ by ! prec$+ provisions ( ?is ,act1 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#ad7 ,! port crane production cr$it det]m9$ "u section #de;,,bb4 4 7d7 ,cr$it transf]able ,section #fdah7;f77#a77;,a7 ( su* ,code1 z am5d$ by ! prec$+ provisions ( ?is ,act1 is am5d$ by add+ at ! end ! foll[+ new clause3 7xiii7 ,! port crane production cr$it det]m9$ "u section #de;,,bb4 4 7e7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su* ,code is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #de;,,bb4 ,port crane production cr$it4 4 7f7 ,effective date ,! am5dm5ts made by ?is section %all apply to prop]ty produc$ 9 taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4