What does Preamble of CHEERS Act of 2026 do?

This bill, formally titled 'A bill to amend the Internal Revenue Code of 1986 to classify qualified energy-efficient draft alcohol property as 15-year property for purposes of depreciation,' aims to modify depreciation rules for specific property. The bill proposes to classify 'qualified energy-efficient draft alcohol property' as 15-year property under the Internal Revenue Code of 1986.

What does SHORT TITLE. of CHEERS Act of 2026 do?

This bill is formally titled the Creating Hospitality Economic Enhancement for Restaurants and Servers Act of 2026.

What does CLASSIFICATION OF QUALIFIED ENERGY-EFFICIENT DRAFT ALCOHOL of CHEERS Act of 2026 do?

This section amends the Internal Revenue Code of 1986 to classify 'qualified energy-efficient draft alcohol property' as 15-year property for depreciation purposes. Qualified energy-efficient draft alcohol property is defined as stainless steel or aluminum containers or related commercial tap equipment used for the distribution and sale of alcohol. The property must be installed in a building located in the United States and principally used in the operation of a restaurant, bar, or entertainment venue. The amendments apply to property placed in service after December 31, 2025. The Secretary of the Treasury is authorized to issue regulations to implement these changes, including addressing situations where property is rented or leased.

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CHEERS Act of 2026

Last updated: 6/4/2026 · Introduced: 6/4/2026

Author: Tim Sheehy (R-MT)

TL;DR (AI)

This bill modifies depreciation rules for specific equipment used in the alcohol industry, classifying 'qualified energy-efficient draft alcohol property' as 15-year property for tax purposes.
The bill defines 'qualified energy-efficient draft alcohol property' as stainless steel or aluminum containers and related tap equipment used in restaurants, bars, or entertainment venues in the United States.
These changes apply to property installed after December 31, 2025, allowing businesses to depreciate this equipment over a longer period.

119th Congressin committeeHR. 7620(In Committee)Official page

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Includes provisions on preamble, short title., and 1 more.

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