Loading chat...
US HB7620
Bill
Status
2/20/2026
Primary Sponsor
Darin LaHood
Click for details
AI Summary
-
Classifies qualified energy-efficient draft alcohol property as 15-year property for federal tax depreciation purposes, amending Internal Revenue Code Section 168
-
Qualified property includes stainless steel or aluminum containers and commercial tap equipment used for distributing and selling alcohol at restaurants, bars, and entertainment venues
-
Property must be installed in a building located in the United States and used principally in operating a restaurant, bar, or entertainment venue
-
Applies to property placed in service after December 31, 2025
-
Directs the Secretary of the Treasury to issue regulations addressing taxpayers who rent or lease qualifying draft alcohol equipment
Legislative Description
CHEERS Act of 2026 Creating Hospitality Economic Enhancement for Restaurants and Servers Act of 2026
Last Action
Referred to the House Committee on Ways and Means.
2/20/2026