SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Corrosive Drywall Re-
mediation Act’’. 
SEC. 2. CREDIT FOR REPLACING CORROSIVE DRYWALL. 
(a) IN GENERAL.—Subpart A of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
1986 is amended by adding at the end the following: 
‘‘SEC. 25E. CORROSIVE DRYWALL REPLACEMENT. 
‘‘(a) ALLOWANCE OF CREDIT.—In the case of an in-
dividual, there shall be allowed as a credit against the tax 
imposed by this chapter for the taxable year an amount 
equal to the qualified drywall replacement expenditures 
the taxable year. 
‘‘(b) QUALIFIED DRYWALL REPLACEMENT EXPENDI-
TURES.—For purposes of this section, the term ‘qualified 
drywall replacement expenditures’ means amounts paid 
during the taxable year to repair damage to the taxpayer’s 
personal residence or household appliance and for which 
a deduction would, but for subsection (c), be allowable 
under section 165 by reason of section 4 of Revenue Pro-
cedure 2010–36. 
‘‘(c) DENIAL OF DOUBLE BENEFIT.—No credit shall 
be allowed under subsection (a) for any expenditure for 
which a deduction or credit is allowed under any other 
provision of this chapter.’’. 
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(b) CLERICAL AMENDMENT.—The table of sections 
for subpart A of part IV of subchapter A of chapter 1 
of such Code is amended by adding at the end the fol-
lowing: 
‘‘Sec. 25E. Corrosive drywall replacement.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to amounts paid before, on, or 
after the date of the enactment of this Act. 
(d) WAIVER OF LIMITATION FOR CREDITS AND RE-
FUNDS ATTRIBUTABLE TO THIS ACT.—If a credit or re-
fund of any overpayment of tax resulting from the applica-
tion of the amendment made by subsection (a) to a period 
before the date of enactment of this Act is prevented as 
of such date by the operation of any law or rule of law 
(including res judicata), such credit or refund may never-
theless be allowed or made if the claim therefor is filed 
before the close of the 1-year period beginning on the date 
of the enactment of this Act. 
SEC. 
3. 
USE 
OF 
COMMUNITY 
DEVELOPMENT 
BLOCK 
GRANTS 
FOR 
REMEDYING 
CORROSIVE 
DRYWALL. 
Section 105(a) of the Housing and Community De-
velopment Act of 1974 (42 U.S.C. 5305(a)) is amended— 
(1) in paragraph (24)(D), by striking ‘‘and’’ at 
the end; 
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(2) in paragraph (25), by striking the period at 
the end and inserting ‘‘; and’’; and 
(3) by adding at the end the following new 
paragraph: 
‘‘(26) activities necessary to remove or remedy 
the use of corrosive drywall installed in housing (in-
cluding single-family and multifamily housing) dur-
ing construction or rehabilitation that occurred dur-
ing the period from 2001 through 2009; and for 
purposes of this paragraph, the term ‘corrosive 
drywall’ means drywall that is identified as problem 
drywall under the two-step identification method 
published by the Consumer Product Safety Commis-
sion and the Department of Housing and Urban De-
velopment in their interim guidance dated January 
28, 2010.’’. 
Æ 
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