Lets restaurants and bars deduct costs for energy-efficient draft alcohol equipment faster on their taxes.
The CHEERS Act would let restaurants, bars, and entertainment venues write off the cost of new energy-efficient draft alcohol equipment on their taxes much faster. This change means these businesses could get tax deductions over 15 years instead of a longer period, helping them save money. It would apply to equipment put into use after December 31, 2025.
Today, businesses that buy energy-efficient draft alcohol equipment must deduct its cost over a longer, unspecified period. If this bill becomes law, they would be able to deduct the cost of qualified equipment over a specific 15-year period. This would apply to property placed in service after December 31, 2025.
HR 7620 · 119th Congress · AI Summary by gemini-2.5-flash · 9/10
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