section 42 the following new section: 42A. Move America credits (a) Move America project credits (1) In general For purposes of section 38, the Move America project credit for any taxable year in the credit period is an amount equal to 10 percent of the qualified basis of each qualified project. (2) Definitions For purposes of this section— (A) Qualified basis (i) In general The qualified basis of any qualified project is the portion of the eligible basis of such project to which the State has allocated an amount of the State credit limitation under subsection (c)(3)(C)(i). (ii) Determination The qualified basis of a project shall be determined as of the date of the allocation for purposes of all taxable years in the credit period. (B) Qualified project The term qualified project means a project which is for the construction of a facility described in section 142A(b), but only if such project— (i) meets the requirements applicable to similar projects under any Federal law which would apply if the project were financed under any other Federal program (including titles 23, 40, and 49, United States Code), (ii) complies with the requirements of chapter 53 of title 49, United States Code, in the case of a capital project (as defined in section 5302(3) of title 49, United States Code) relating to public transportation (as defined in section 5302(14) of such title), and (iii) will be generally available for public use throughout the credit period. (C) Credit period (i) In general Except as provided in clause (ii), the credit period with respect to any qualified project is the period of 10 taxable years beginning with the first taxable year beginning in the calendar year in which the project is placed in service. (ii) Early termination If at any time during the 10-taxable-year period described in clause (i) a project ceases to be a qualified project, or ceases and then recommences to be a qualified project, the credit period with respect to such project shall include only the taxable years in such 10-year-period in