HR 7577
118th Congress
House
Taxation
CHEERS Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 7, 2024
Referred to the House Committee on Ways and Means.
Mar 7, 2024
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1