# 119-s-4688: CHEERS Act of 2026

119-s-4688, CHEERS Act of 2026, is a 119th Congress bill sponsored by Sen. Sheehy, Tim [R-MT] (R-MT); status introduced; PRIA reads it as touching household money (as of 2026-08-10).

- Canonical: https://policyrisk.com/legislation/119-s-4688
- As of: 2026-08-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4688
- Congress: 119
- Title: CHEERS Act of 2026
- Status: introduced
- Introduced: 2026-06-04
- Sponsor: Sen. Sheehy, Tim [R-MT] (R-MT)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-08-10

## Summary

**Reclassifies energy-efficient draft alcohol equipment as 15-year property** for depreciation, aiming to encourage restaurants, bars, and entertainment venues to install efficient draft systems. - Businesses: Owners of restaurants, bars, and entertainment venues would depreciate qualified stainless steel or aluminum containers and related commercial tap equipment over 15 years. The rule applies to property placed in service after Dec. 31, 2025. - Leasing and rentals: The Secretary of the Treasury would be authorized to issue guidance to clarify how the 15-year treatment applies when qualified equipment is rented or leased. - Market effect: The change is designed to shift tax depreciation timing and thereby encourage purchases or upgrades to energy-efficient draft alcohol systems in eligible venues.

## Cosponsors (1)

- Sen. Hassan, Margaret Wood [D-NH] (D-NH), 2026-06-04T00:00:00.000Z

## Provisions PRIA read

- Tax break for draft tap equipment: benefit, high. If enacted, this bill would let businesses that run restaurants, bars, or entertainment venues depreciate qualifying draft alcohol equipment over 15 years for tax purposes. "Qualified energy-efficient draft alcohol property" would mean stainless steel or aluminum containers or related commercial ta…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026
- 119-s-1462: Fix Our Forests Act
- 119-s-3265: Improve and Enhance the Work Opportunity Tax Credit Act
- 119-s-2355: Patients Deserve Price Tags Act
- 119-s-3597: National Quantum Initiative Reauthorization Act of 2026

## Sources
- [119-s-4688 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4688)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3923)
- [119-s-1462: Fix Our Forests Act](https://policyrisk.com/legislation/119-s-1462)
- [119-s-3265: Improve and Enhance the Work Opportunity Tax Credit Act](https://policyrisk.com/legislation/119-s-3265)
- [119-s-2355: Patients Deserve Price Tags Act](https://policyrisk.com/legislation/119-s-2355)
- [119-s-3597: National Quantum Initiative Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3597)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4688 (as of 2026-08-10).