‘‘(8) The port crane investment credit.’’. 
(2) Section 49(a)(1)(C) of such Code is amend-
ed by striking ‘‘and’’ at the end of clause (vii), by 
striking the period at the end of clause (viii) and in-
serting ‘‘, and’’, and by adding at the end the fol-
lowing new clause: 
‘‘(ix) the basis of any property which 
is part of a port crane manufacturing facil-
ity under section 48F.’’. 
(3) Section 50(a)(2)(E) is amended by striking 
‘‘or 48E(e)’’ and inserting ‘‘48E(e), or 48F(c)(5)’’. 
(4) The table of sections for subpart E of part 
IV of subchapter A of chapter 1 of such Code is 
amended by inserting after the item relating to sec-
tion 48E the following new item: 
‘‘Sec. 48F. Port crane investment credit.’’. 
(e) EFFECTIVE DATE.—The amendments made by 
this section shall apply to property placed in service in 
taxable years beginning after the date of the enactment 
of this Act. 
SEC. 3. PORT CRANE PRODUCTION CREDIT. 
(a) IN GENERAL.—Subpart D of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
1986 is amended by inserting after section 45AA the fol-
lowing new section: 
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‘‘SEC. 45BB. PORT CRANE PRODUCTION CREDIT. 
‘‘(a) IN GENERAL.— 
‘‘(1) ALLOWANCE OF CREDIT.—For purposes of 
section 38, the port crane production credit for any 
taxable year is an amount equal to the sum of the 
credit amounts determined under paragraph (2) with 
respect to each port crane which is— 
‘‘(A) produced by the taxpayer in the 
United States, and 
‘‘(B) during the taxable year, sold by such 
taxpayer to an unrelated person. 
‘‘(2) CREDIT
AMOUNT.—The amount deter-
mined under this paragraph is— 
‘‘(A) 40 percent of the sale price of a port 
crane that is not described in subparagraph 
(B), and 
‘‘(B) 60 percent of the sale price of a port 
crane with respect to which 90 percent of the 
component materials are produced in the 
United States. 
‘‘(b) CREDIT PHASE-OUT.— 
‘‘(1) IN GENERAL.—The amount of the credit 
under subsection (a) for any port crane produced 
during a calendar year described in paragraph (2) 
shall be equal to the product of— 
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‘‘(A) the amount of the credit determined 
under subsection (a) without regard to this sub-
section, multiplied by 
‘‘(B) the phase out percentage under para-
graph (2). 
‘‘(2) PHASE-OUT PERCENTAGE.—The phase-out 
percentage under this paragraph is equal to— 
‘‘(A) in the case of any port crane pro-
duced in calendar year 2035, 25 percent, 
‘‘(B) in the case of any port crane pro-
duced in calendar year 2036, 15 percent, and 
‘‘(C) in the case of any port crane pro-
duced after calendar year 2036, 0 percent. 
‘‘(c) PORT CRANE, COMPONENT MATERIALS.—The 
terms ‘port crane’ and ‘component materials’ have the re-
spective 
meanings 
given 
such 
terms 
in 
section 
45F(b)(4).’’. 
(b) CREDIT ALLOWED AS PART OF GENERAL BUSI-
NESS CREDIT.—Section 38(b) of such Code is amended 
by striking ‘‘plus’’ at the end of paragraph (40), by strik-
ing the period at the end of paragraph (41) and inserting 
‘‘, plus’’, and by adding at the end the following new para-
graph: 
‘‘(42) the port crane production credit deter-
mined under section 45BB.’’. 
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(c) CREDIT ELIGIBLE FOR ELECTIVE PAYMENT.— 
Section 6417(b) of such Code, as amended by the pre-
ceding provisions of this Act, is amended by adding at the 
end the following new paragraph: 
‘‘(14) The port crane production credit deter-
mined under section 45BB.’’. 
(d) CREDIT TRANSFERABLE.—Section 6418(f)(1)(A) 
of such Code, as amended by the preceding provisions of 
this Act, is amended by adding at the end the following 
new clause: 
‘‘(xiii) The port crane production 
credit determined under section 45BB.’’. 
(e) CLERICAL AMENDMENT.—The table of sections 
for subpart D of part IV of subchapter A of chapter 1 
of such Code is amended by adding at the end the fol-
lowing new item: 
‘‘Sec. 45BB. Port crane production credit.’’. 
(f) EFFECTIVE DATE.—The amendments made by 
this section shall apply to property produced in taxable 
years beginning after the date of the enactment of this 
Act. 
Æ 
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