CHEERS Act of 2026 classifies qualified energy-efficient draft alcohol property as 15-year property for depreciation.
The CHEERS Act of 2026 amends the Internal Revenue Code to classify qualified energy-efficient draft alcohol property as 15-year property for depreciation purposes. This property must be installed in a building located in the United States and used in the operation of a restaurant, bar, or entertainment venue. The changes apply to property placed in service after December 31, 2025. The Secretary of the Treasury will issue regulations to implement these changes.
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