Bill · S. 4688· Senate(119-S-4688)
CHEERS Act of 2026
- Introduced
- 6/4/2026
- Last activity
- 6/4/2026 — 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 of 2026," aims to amend the Internal Revenue Code of 1986. It seeks to classify qualified energy-efficient draft alcohol property as 15-year property for depreciation purposes. This property includes stainless steel or aluminum containers or related commercial tap equipment used for alcohol distribution and sale. To qualify, the equipment must be installed in a building located in the United States and used by a restaurant, bar, or entertainment venue. The changes apply to property placed in service after December 31, 2025.
Yes· 3 of 7
Does this cut taxes for small businesses?+5
The bill provides tax relief through accelerated depreciation for equipment used by restaurants and bars.
Does this make it easier to run a small business?+5
It provides direct tax benefits to businesses operating restaurants, bars, and entertainment venues.
Would business owners be better off under this?+5
Business owners in the hospitality sector benefit from the new depreciation rules.
The opposite
Does this reduce what the federal government owes?-1
Tax incentives and accelerated depreciation can lead to a slight decrease in immediate federal tax revenue.
Who it would affect, and how
Potential Positive Impacts for People
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Depreciation Benefits for Businesses: By classifying qualified energy-efficient draft alcohol property as 15-year property, businesses can utilize different depreciation rules (Section 2). This applies to property used in the conduct of a trade or business of operating a restaurant, bar, or entertainment venue (Section 2(b)).
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Support for Energy-Efficient Equipment: The bill specifically targets "qualified energy-efficient draft alcohol property," which consists of stainless steel or aluminum containers or related commercial tap equipment (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.
- Economy And Finance
- Improves Small Business Support+5Reduces Small Business Taxes+5Improves Economic Growth+2Increases Job Creation+2Reduces National Debt-1
- Demographic And Interest Groups
- Good For Business Owners+5
- Environment Energy And Infrastructure
- Reduces Carbon Emissions+2Improves Environmental Protections+1
- 6/4/2026
- 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