Bill · S. 1732· Senate(119-S-1732)
CHEERS Act
- Introduced
- 5/13/2025
- Last activity
- 5/13/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Tim Sheehy
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the "CHEERS Act," seeks to amend the Internal Revenue Code of 1986. It aims to treat energy efficient kegs as efficient commercial building property. This change would allow these items to qualify for the energy efficient commercial buildings deduction. The specific property must be used in restaurants, bars, or entertainment venues. It specifically covers stainless steel or aluminum containers or related commercial tap equipment used for alcohol distribution and sale.
Yes· 3 of 7
Does this cut taxes for small businesses?+5
The bill allows businesses operating restaurants, bars, or entertainment venues to claim the energy efficient commercial buildings deduction for qualified draft property.
Does this make it easier to run a small business?+5
The act provides tax relief specifically for the hospitality sector by qualifying certain keg and tap equipment for deductions.
Would business owners be better off under this?+5
Business owners in the restaurant and bar industry benefit from new tax deduction opportunities for energy-efficient equipment.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Tax Deductions for Businesses: By treating qualified energy-efficient draft property as energy efficient commercial building property, businesses can utilize the energy efficient commercial buildings deduction. This applies to property used in the conduct of a trade or business of operating a restaurant, bar, or entertainment venue (Section 2(a)).
-
Support for Specific Industries: The bill provides specific provisions for those using stainless steel or aluminum containers or related commercial tap equipment for the distribution and sale of alcohol (Section 2(a)(B)(iii)).
Potential Negative Impacts for People
- No specific negative impacts are mentioned in the 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.
- Economy And Finance
- Improves Small Business Support+5Reduces Small Business Taxes+5Improves Economic Growth+3
- Demographic And Interest Groups
- Good For Business Owners+5Good For Urban Residents+1
- Environment Energy And Infrastructure
- Reduces Carbon Emissions+2Increases Renewable Energy Investment+1
- 5/13/2025
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
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.
Maggie HassanDemocrat · New Hampshire