119-s1732

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1732 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 1732

 To amend the Internal Revenue Code of 1986 to treat energy efficient 
 kegs as efficient commercial building property for purposes of the 
 energy efficient commercial buildings deduction.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 May 13, 2025

Mr. Sheehy (for himself and Ms. Hassan) introduced the following bill; 
 which was read twice and referred to the Committee on Finance

_______________________________________________________________________

 A BILL

 To amend the Internal Revenue Code of 1986 to treat energy efficient 
 kegs as efficient commercial building property for purposes of the 
 energy efficient commercial buildings deduction.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Creating Hospitality Economic 
Enhancement for Restaurants and Servers Act'' or the ``CHEERS Act''.

SEC. 2. ENERGY EFFICIENT KEG PROPERTY.

    (a) In General.--

Section 179D
            (d) of the Internal Revenue Code of 
1986 is amended by inserting after paragraph

    (5) the following new 
paragraph:
 ``

    (6) Qualified energy-efficient draft property.--
 ``
        (A) In general.--Notwithstanding subsection
            (c) (1)
            (D) , for purposes of this section, qualified 
 energy-efficient draft property shall be treated as 
 energy efficient commercial building property.
 ``
        (B) Qualified energy-efficient draft property 
 defined.--For purposes of this paragraph, the term 
 `qualified energy-efficient draft property' means 
 property--
 ``
            (i) which meets the requirements of 
 paragraphs
        (A) and
        (B)
            (i) of paragraph

    (1) of 
 subsection
            (c) ,
 ``
            (ii) which is principally used in the 
 conduct of a trade or business of operating a 
 restaurant, bar, or entertainment venue, and
 ``
            (iii) which is a stainless steel or 
 aluminum container or related commercial tap 
 equipment used for the distribution and sale of 
 alcohol.
 ``
            (C) Regulations.--The Secretary shall issue such 
 regulations or other guidance as may be necessary or 
 appropriate to carry out the purposes of this 
 paragraph, including regulations providing for the 
 appropriate treatment of taxpayers that rent or lease 
 qualified energy-efficient draft property to further 
 such purposes.''.

    (b) Effective Date.--The amendment made by this section shall apply 
to property placed in service after the date of enactment of this Act.
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