CHEERS Act of 2026

This bill amends the Internal Revenue Code to reclassify qualified energy-efficient draft alcohol property as 15-year property for depreciation purposes, accelerating the tax recovery period for these assets. This property is defined as stainless steel or aluminum containers or related commercial tap equipment used for the distribution and sale of alcohol. To qualify, it must be installed in a U.S. building and primarily used in a restaurant, bar, or entertainment venue . These provisions apply to property placed in service after December 31, 2025, and the Secretary of the Treasury is authorized to issue implementing regulations, including for rented or leased property.