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S4688119th CongressWALLET

CHEERS Act of 2026

Sponsored By: Senator Sheehy, Tim [R-MT]

Introduced

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.

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  • 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.

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Bill Overview

Analyzed Economic Effects

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

Tax break for draft tap equipment

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 tap equipment installed in a U.S. building and principally used in the business. The change would apply only to property placed in service after December 31, 2025. The Treasury would be authorized to issue rules, including how section 168 applies to rented or leased equipment. This would likely lower taxable income in the early years after installation and create a tax timing benefit for affected businesses.

Sponsors & CoSponsors

Sponsor

Sheehy, Tim [R-MT]

MT • R

Cosponsors

  • Sen. Hassan, Margaret Wood [D-NH]

    NH • D

    Sponsored 6/4/2026

Roll Call Votes

No roll call votes available for this bill.

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