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US HB7620

Bill

Status

Introduced

2/20/2026

Primary Sponsor

Darin LaHood

Click for details

Origin

House of Representatives

119th Congress

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

Committee Referrals

Ways And Means2/20/2026

Full Bill Text

No bill text available