CHEERS Act Passes U.S. House, Heads to U.S. Senate: Offers Tax Relief for Hospitality Revival3/21/2024 The CHEERS Act, also known as the "Creating Hospitality Economic Enhancement for Restaurants and Servers Act," has passed the U.S. House of Representatives and is now awaiting consideration in the U.S. Senate.
This bipartisan legislation, introduced by Representatives LaHood and Horsford, seeks to provide tax deductions for bars, restaurants, and entertainment venues with draft beer systems, aiming to revitalize the struggling hospitality sector post-pandemic. The bill has garnered widespread support from various industry stakeholders, including the Beer Institute, National Restaurant Association, Independent Restaurant Coalition, and Brewers Association, who recognize its potential to stimulate job creation, economic growth, and sustainability in the beer and hospitality industries. "The CHEERS Act would give restaurant and bar owners new tools to innovate how they serve beer to customers,” said Sean Kennedy, executive vice president for public affairs of the National Restaurant Association. “The result would be more consumer choice, strengthened sustainability options, and needed support for restaurant owners in every neighborhood."
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April 2024
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