The "Creating Hospitality Economic Enhancement for Restaurants and Servers Act," or CHEERS Act, proposes to amend the Internal Revenue Code of 1986. Its primary purpose is to expand the existing energy efficient commercial building deduction to include specific types of energy-efficient equipment used in the hospitality sector. Specifically, the bill introduces a new category called "qualified energy-efficient draft property," which will be treated as energy efficient commercial building property for tax deduction purposes. This property is defined as stainless steel or aluminum containers, such as kegs, and related commercial tap equipment used primarily in restaurants, bars, or entertainment venues for the distribution and sale of alcohol. The Secretary of the Treasury is also directed to issue regulations to facilitate the implementation of this new provision, including guidance for taxpayers who rent or lease such property.