Bill > HR3325

This bill, known as the CHEERS Act (Creating Hospitality Economic Enhancement for Restaurants and Servers Act), amends the Internal Revenue Code to expand tax benefits for energy-efficient equipment used in restaurants, bars, and entertainment venues. Specifically, the bill creates a new category of "qualified energy-efficient draft property" that would be treated as energy efficient commercial building property eligible for tax deductions. This new category includes stainless steel or aluminum kegs and related commercial tap equipment used primarily in food and beverage service establishments. The equipment must meet existing energy efficiency requirements to qualify for the tax benefit. The bill instructs the Treasury Secretary to develop regulations for implementing these new tax provisions, including guidelines for businesses that rent or lease such energy-efficient equipment. The changes will take effect for property placed in service after December 31, 2024, giving businesses time to prepare and potentially invest in new, more energy-efficient draft equipment while receiving tax incentives.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3325/all-info