In CommitteeFiled Jun 4, 2026
Sponsor: Sen. Sheehy, Tim [R-MT] (R)
Latest Action
Read twice and referred to the Committee on Finance.
Jun 4, 2026
Summary
The CHEERS Act changes the tax code so that qualifying stainless‑steel or aluminum draft alcohol containers and tap systems can be depreciated over 15 years. It applies to equipment installed in U.S. buildings and used by restaurants, bars, or entertainment venues, encouraging owners to upgrade to more efficient gear. The Treasury will issue guidance, including rules for lessees.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when S 4688 changes status, plus AI-powered summaries and stage predictions.
Sign up free