Bill · H.R. 7620· House(119-HR-7620)
CHEERS Act of 2026
- Introduced
- 2/20/2026
- Last activity
- 2/20/2026 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Darin LaHood
- Cosponsors
- - 1 - 6
- Introduced
- In Committee
What this bill would do
This bill, known as the ``CHEERS Act of 2026'', aims to amend the Internal Revenue Code of 1986. It proposes to classify qualified energy-efficient draft alcohol property as 15-year property for depreciation purposes. This specific type of property includes stainless steel or aluminum containers or related commercial tap equipment used for alcohol distribution and sale. Such property must be installed in a building within the United States and used primarily by restaurants, bars, or entertainment venues. The changes would apply to property placed in service after December 31, 2025.
Yes· 3 of 7
Would business owners be better off under this?+5
Directly benefits owners of restaurants, bars, and venues via tax depreciation.
Does this make it easier to run a small business?+4
Provides tax relief for small business operators of bars, restaurants, and venues.
Does this cut taxes for small businesses?+3
Allows restaurants and bars to recover investments in equipment faster through depreciation.
The opposite
Does this reduce what the federal government owes?-1
Tax depreciation incentives slightly reduce immediate federal tax revenue.
Who it would affect, and how
Potential Positive Impacts for People
-
Tax Depreciation Benefits for Businesses: By classifying qualified energy-efficient draft alcohol property as 15-year property, businesses can benefit from specific depreciation rules (Section 2(a)).
-
Support for Hospitality Venues: The bill provides a specific classification for property used in the conduct of a trade or business of operating a restaurant, bar, or entertainment venue (Section 2(b)).
-
Encouragement of Specific Equipment Use: The provisions apply to stainless steel or aluminum containers or related commercial tap equipment used for the distribution and sale of alcohol (Section 2(b)).
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5Good For Rural Residents+1Good For Urban Residents+1
- Economy And Finance
- Improves Small Business Support+4Reduces Small Business Taxes+3Improves Economic Growth+1Reduces National Debt-1
- Environment Energy And Infrastructure
- Reduces Carbon Emissions+1
- 10/5/2026
- 1 Cosponsor added.
- 9/14/2026
- 1 Cosponsor added.
- 4/21/2026
- 2 Cosponsors added.
- 2/20/2026
- Referred to the House Committee on Ways and Means.
- 3 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Salud CarbajalDemocrat · California
Suzan DelBeneDemocrat · Washington
Steven HorsfordDemocrat · Nevada
Eleanor NortonDemocrat · District of Columbia
Brittany PettersenDemocrat · Colorado
Dina TitusDemocrat · Nevada
Claudia TenneyRepublican · New York