The American Association welcomes the port authorities (AAPA) by offering an introduction The tax credit law in Port Cracks for the year 2025 (HR 4589), described it as a practical step towards reformulating the manufacture of the ports crane to the United States without the return of the ports users with an expensive tariff.
Also read: A statement from the American Association of the Port Authority (AAPA) on possible new definitions
The draft law, submitted by the actors Mike Ezll (R-MS), Nikol Malikis (R-Ny), with the original COSPONS representatives Randi Weber (R-TX) and Jin Keghan (R-VA), are proposed by tax incentives to encourage local leverage production. Investment tax credit includes 25 % for American facilities that make or repair ships to the beach (STS) and mobile port cranes, as well as 40 % production credit, and rose to 60 % if at least 90 % of the ingredients are made in the United States.
AAPA and CEO Cary S. Davis confirmed that the legislation provides a better way of customs tariffs. Davis said: “Without safe and reliable cranes at reasonable prices, American ports cannot move the goods that pay our economy. Instead of punishing the development of taxes by taxes, the draft law stimulates this re -equipment of the main equipment to enhance supply chains,” Davis said.
Supporters highlight the benefits of economic and national security to reduce dependence on external cranes. “The ports are vital for our economy and national security,” Ezel said. “This legislation puts American workers and safety first, reduces dependence on hostilities, and manufacturing and innovation supports us.”
Ports leaders across the country have chanted their support. Richard J. Hendrick Father, CEO of Albani Port, is the importance of equipment for ports that generate more than $ 813 million annually to New York State. Paul Anderson, CEO of Port Tampa Gulf, called the bill “embarrassment to enhance the flexibility of the supply chain.” Bo Ethridge, a port manager at Pascagoula, said that he will help close infrastructure gaps and enable ports to diversify and expand services.
AAPA urges rapid action in Congress, and the Roads and means committee calls on the council to move the bill forward and to prepare the Senate to present accompanying legislation. The association confirmed that passing the law will enhance the competitiveness, security and operational capacity of American ports for years to come.
