HR7620119th CongressWALLET

CHEERS Act of 2026

Sponsored By: Representative LaHood

Introduced

Summary

Reclassifies certain energy-efficient draft alcohol equipment as 15-year property for tax depreciation. This bill would target stainless steel or aluminum draft containers and related commercial tap equipment used to distribute and sell alcohol in U.S. restaurants, bars, and entertainment venues, and it would apply to property placed in service after December 31, 2025.

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  • Restaurants, bars, and entertainment venues: Eligible draft systems would be depreciated over 15 years, which would likely stretch out tax deductions and shift when businesses claim those costs.
  • Businesses that rent or lease draft equipment: The Treasury must issue regulations or guidance to clarify how the 15-year classification applies to leased or rented systems.
  • Tax administration: The bill only changes the depreciation category for a narrowly defined type of equipment and directs the Secretary of the Treasury to provide implementation rules.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Tax break for draft alcohol equipment

If enacted, this bill would let restaurants, bars, and entertainment venues treat qualifying draft alcohol containers and related tap equipment as 15-year property for depreciation. That would speed up tax deductions and lower taxable income in earlier years. The rule would apply only to stainless steel or aluminum containers and related commercial tap equipment installed in U.S. buildings and principally used in those businesses. It would apply to property placed in service after December 31, 2025. The Secretary of the Treasury would have to issue guidance, including rules for rented or leased equipment.

Sponsors & CoSponsors

Sponsor

LaHood

IL • R

Cosponsors

  • Rep. Horsford, Steven [D-NV-4]

    NV • D

    Sponsored 2/20/2026

  • Rep. Tenney, Claudia [R-NY-24]

    NY • R

    Sponsored 2/20/2026

  • DelBene

    WA • D

    Sponsored 2/20/2026

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 4/21/2026

  • Rep. Titus, Dina [D-NV-1]

    NV • D

    Sponsored 4/21/2026

Roll Call Votes

No roll call votes available for this bill.

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