Corrosive Drywall Remediation Act
This bill amends the Internal Revenue Code to allow an individual taxpayer a tax credit for the cost of repairing damage to a personal residence or household appliance due to corrosive drywall.
The bill amends the Housing and Community Development Act of 1974 to allow community development grants under such Act to pay for activities necessary to remove or remedy the use of corrosive drywall installed in housing during construction or rehabilitation that occurred between 2001 and 2009.