CHEERS Act of 2026

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7620 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7620 To amend the Internal Revenue Code of 1986 to classify qualified energy-efficient draft alcohol property as 15-year property for purposes of depreciation. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 20, 2026 Mr. LaHood (for himself, Mr. Horsford, Ms. Tenney, and Ms. DelBene) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to classify qualified energy-efficient draft alcohol property as 15-year property for purposes of depreciation. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Creating Hospitality Economic Enhancement for Restaurants and Servers Act of 2026'' or the ``CHEERS Act of 2026''. SEC. 2. CLASSIFICATION OF QUALIFIED ENERGY-EFFICIENT DRAFT ALCOHOL PROPERTY AS 15-YEAR…