HR 7577 · 118th Congress · Taxation
CHEERS Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2024-03-07)
Plain Language Summary
[AI summary unavailable — showing source text]
Creating Hospitality Economic Enhancement for Restaurants and Servers Act or the CHEERS Act This bill treats qualified energy-efficient draft property (energy efficient kegs) as energy efficient commercial building property for purposes of the tax deduction for energy efficient commercial buildings. It defines qualified energy-efficient draft property as property that is principally used in the trade or business of operating a restaurant, bar, or entertainment venue, and that is a stainless steel or aluminum container or related commercial tap equipment used to distribute or sell alcohol.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
11 Democrats9 Republicans