118th Congress · HOUSE BILLBILL

H.R. 7577 — CHEERS Act

“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.”

Taxation

Introduced Mar 7, 2024

Last action Mar 7, 2024

Pipeline · Bill → Law

Step 1

Introduced

Mar 7, 2024

Step 2

Referred

Mar 7, 2024

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Mar 7, 2024

Introduced in House

Mar 7, 2024

Referred to the House Committee on Ways and Means.