- Stage
- In committee
- Started in
- Senate
- Sponsors
- 2
- Latest action
- Jun 4, 2026
What it does
The CHEERS Act of 2026 would amend the Internal Revenue Code to classify qualified energy-efficient draft alcohol property—such as stainless steel or aluminum containers and commercial tap equipment used in restaurants, bars, or entertainment venues—as 15-year property for depreciation purposes. This change would allow businesses in the hospitality industry to recover the cost of such equipment more quickly through accelerated depreciation deductions. The provision applies to property placed in service after December 31, 2025, and directs the Treasury Secretary to issue regulations to implement the change, including guidance for taxpayers who lease or rent the equipment.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.