CHEERS Act of 2026

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7620 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 7620

   To amend the Internal Revenue Code of 1986 to classify qualified 
    energy-efficient draft alcohol property as 15-year property for 
                       purposes of depreciation.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 20, 2026

  Mr. LaHood (for himself, Mr. Horsford, Ms. Tenney, and Ms. DelBene) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

_______________________________________________________________________

                                 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Creating Hospitality Economic 
Enhancement for Restaurants and Servers Act of 2026'' or the ``CHEERS 
Act of 2026''.

SEC. 2. CLASSIFICATION OF QUALIFIED ENERGY-EFFICIENT DRAFT ALCOHOL 
              PROPERTY AS 15-YEAR PROPERTY FOR PURPOSES OF 
              DEPRECIATION.

    (a) Classification as 15-year Property.--Section 168(e)(3)(E) of 
the Internal Revenue Code of 1986 is amended by striking ``and'' at the 
end of clause (vi), by striking the period at the end of clause (vii) 
and inserting ``, and'', and by adding at the end the following new 
clause:
                            ``(viii) any qualified energy-efficient 
                        draft alcohol property.''.
    (b) Definition of Qualified Energy-efficient Draft Alcohol 
Property.--Section 168(i) of such Code is amended by adding at the end 
the following new paragraph:
            ``(20) Qualified energy-efficient draft alcohol property.--
        The term `qualified energy-efficient draft alcohol property' 
        means any property--
                    ``(A) which is installed on or in any building 
                which is located in the United States,
                    ``(B) which is principally used in the conduct of a 
                trade or business of operating a restaurant, bar, or 
                entertainment venue, and
                    ``(C) which is a stainless steel or aluminum 
                container or related commercial tap equipment used for 
                the distribution and sale of alcohol.''.
    (c) Effective Date.--The amendments made by subsections (a) and (b) 
shall apply to property placed in service after December 31, 2025.
    (d) Regulatory Authority.--The Secretary of the Treasury shall 
prescribe such regulations or other guidance as may be necessary or 
appropriate to carry out the purposes of the amendments made by 
subsections (a) and (b), including to provide for the appropriate 
application of section 168 of the Internal Revenue Code of 1986 with 
respect to taxpayers who rent or lease qualified energy-efficient draft 
alcohol property (as defined in section 168(i)(20) of the Internal 
Revenue Code of 1986).
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