The CHEERS Act of 2026 modifies tax depreciation rules to benefit restaurants, bars, and entertainment venues by classifying energy-efficient draft alcohol equipment as 15-year property instead of longer depreciation periods. This change allows businesses to deduct the cost of stainless steel or aluminum containers and related commercial tap equipment more quickly for tax purposes, reducing their taxable income sooner. The bill applies to equipment installed in United States locations and placed in service after December 31, 2025. There is no specific funding amount mentioned in the legislation, as it operates through the tax code by allowing accelerated depreciation deductions. The Treasury Department is authorized to issue regulations clarifying how the rules apply to businesses that rent or lease this equipment rather than owning it outright.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.