CHEERS Act of 2026

This bill changes tax depreciation rules for specific equipment used in restaurants and bars. It classifies "qualified energy-efficient draft alcohol property" (like stainless steel/aluminum containers and tap systems for serving alcohol) as 15-year property for tax purposes, allowing faster depreciation deductions. The change applies to equipment installed after December 31, 2025, and directly affects restaurant, bar, and entertainment venue owners who purchase this equipment. The bill does not alter tax rates or create new programs, only modifying how eligible equipment is treated under existing tax code provisions.