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H.R. 7620

U.S. House•In House Committee

Summary

H.R. 7620, the CHEERS Act of 2026, was introduced in the House on Feb 20, 2026 by Rep. Darin LaHood (R) with 5 co-sponsors. It was referred to Ways And Means, and last saw action on Feb 20, 2026: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 7620 has 5 co-sponsors.

hb7620/introduced-in-house.txt
119 HR 7620 IH: Creating Hospitality Economic Enhancement for Restaurants and Servers Act of 2026
 U.S. House of Representatives
 2026-02-20
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  2d Session  H. R. 7620  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.
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  .
2.
Classification of qualified energy-efficient draft alcohol property as 15-year property for purposes of depreciation
(a)
Classification as 15-year property
 Section 168(e)(3)(E)  of the Internal Revenue Code of 1986 is amended by striking  and  at the end of clause (vi), by striking the period at the end of clause (vii) and inserting  , and , and by adding at the end the following new clause:
(viii)
any qualified energy-efficient draft alcohol property.
 .
(b)
Definition of qualified energy-efficient draft alcohol property
Section 168(i) of such Code is amended by adding at the end the following new paragraph:
(20)
Qualified energy-efficient draft alcohol property
The term  qualified energy-efficient draft alcohol property  means any property—
(A)
which is installed on or in any building which is located in the United States,
(B)
which is principally used in the conduct of a trade or business of operating a restaurant, bar, or entertainment venue, and
(C)
which is a stainless steel or aluminum container or related commercial tap equipment used for the distribution and sale of alcohol.
 .
(c)
Effective date
The amendments made by subsections (a) and (b) shall apply to property placed in service after December 31, 2025.
(d)
Regulatory authority
The Secretary of the Treasury shall prescribe such regulations or other guidance as may be necessary or appropriate to carry out the purposes of the amendments made by subsections (a) and (b), including to provide for the appropriate application of  section 168  of the Internal Revenue Code of 1986 with respect to taxpayers who rent or lease qualified energy-efficient draft alcohol property (as defined in  section 168(i)(20)  of the Internal Revenue Code of 1986).

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-02-20
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To amend the Internal Revenue Code of 1986 to classify qualified energy-efficient draft alcohol property as 15-year property for purposes of depreciation.

Sponsors

Rep. Darin LaHood (R) sponsors H.R. 7620, and 5 members have co-sponsored it, 3 of them from the day it was introduced.

Committees

H.R. 7620 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Feb 20, 2026 · 1,160 Bills

Actions

H.R. 7620 has taken 2 actions since Feb 20, 2026.

ChamberAction
Feb 20, 2026
House
Introduced in House
Feb 20, 2026
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 7620 has not gone to a roll call.

1 bill is related to H.R. 7620, as Identical bill.

Titles

H.R. 7620 goes by 4 titles, 2 of them short titles.

  • CHEERS Act of 2026 — Display Title
  • CHEERS Act of 2026 — Short Title(s) as Introduced
  • Creating Hospitality Economic Enhancement for Restaurants and Servers Act of 2026 — Short Title(s) as Introduced
  • To amend the Internal Revenue Code of 1986 to classify qualified energy-efficient draft alcohol property as 15-year property for purposes of depreciation. — Official Title as Introduced

Classification

The Congressional Research Service files H.R. 7620 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 7620’s is Taxation.

hr7620/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 7620, as entered in the Congressional Record.

[Congressional Record Volume 172, Number 34 (Friday, February 20, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LaHOOD:H.R. 7620.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the U.S. Constitution[Page H2235]

Source: congress.gov · legiscan.com