In CommitteeFiled Feb 20, 2026
Sponsor: Rep. LaHood, Darin [R-IL-16] (R)
Latest Action
Referred to the House Committee on Ways and Means.
Feb 20, 2026
Summary
The CHEERS Act amends the tax code so that qualified energy‑efficient draft alcohol equipment—stainless steel or aluminum tap systems used in U.S. restaurants, bars, or entertainment venues—can be depreciated as 15‑year property. This change reduces taxable income for owners and lessees of such equipment placed in service after Dec. 31, 2025. The Treasury Secretary will issue regulations to implement the new rules, including guidance for renters and lessees.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when HR 7620 changes status, plus AI-powered summaries and stage predictions.
Sign up free