CHEERS Act of 2026

Tim Sheehy

Republican · MT · Senator

Source: Congress.gov · FEC

• Margaret Wood Hassan (D-NH)Original· 2026-06-04

Read twice and referred to the Committee on Finance.

2026-06-04

Source: Congress.gov

Breweries and distilleries that invest in energy-efficient equipment for producing draft beer and spirits would be able to deduct the cost of that equipment over 15 years instead of a longer period, reducing their tax burden more quickly. This change would make it more affordable for alcohol producers to upgrade to environmentally friendly equipment by allowing them to recover their investment faster through tax deductions. The bill primarily benefits small and large breweries and distilleries looking to modernize their operations with energy-saving technology.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4688 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4688 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 SENATE OF THE UNITED STATES June 4, 2026 Mr. Sheehy (for himself and Ms. Hassan) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ 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). <all>

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