H.R. 7577, also known as the “Creating Hospitality Economic Enhancement for Restaurants and Servers Act” or the “CHEERS Act,” proposes changes to the Internal Revenue Code of 1986. The bill seeks to classify energy-efficient kegs as energy-efficient commercial building property, making them...
Simple Explanation
This bill wants to give special money-saving benefits, like tax breaks, to places like restaurants and bars when they use special kinds of kegs that save energy. These kegs are made of strong stuff like metal, and this change will help these places save some money if they use them.