,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #cede  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #ag1 #bjae  
,mr4 ,jolly introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,ways &    
,means1 & 9 addition to ! ,committee on 
,f9ancial ,s]vices1 = a p]iod to be     
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to provide a cr$it
 = replacem5t co/s associat$ ) c]ta9    
import$ corrosive drywall1 & to am5d !  
,h\s+ & ,community ,developm5t ,act (   
#aigd to all[ use ( community developm5t
 block grant am\nts = repairs to h\s+   
con/ruct$ us+ su* corrosive drywall1 & =
 o!r purposes4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,corrosive ,drywall
 ,rem$iation ,act4  #b4 ,cr$it = replac+
 corrosive drywall  7a7 ,9 g5]al ,subp>t
 ,a ( "p ,,iv ( sub*apt] ,a ( *apt] #a (
 ! ,int]nal ,rev5ue ,code ( #aihf is    
am5d$ by add+ at ! end ! foll[+3        

#be;,e4 ,corrosive drywall replacem5t   
7a7 ,all[ance ( cr$it ,9 ! case ( an    
individual1 !re %all be all[$ z a cr$it 
aga9/ ! tax impos$ by ?is *apt] = !     
taxable ye> an am\nt equal to ! qualifi$
 drywall replacem5t exp5ditures !       
taxable ye>4  7b7 ,qualifi$ drywall     
replacem5t exp5ditures ,= purposes ( ?is
 section1 ! t]m qualifi$ drywall        
replacem5t exp5ditures means am\nts paid
 dur+ ! taxable ye> to repair damage to 
! taxpay]'s p]sonal resid5ce or h\sehold
 appliance & = :i* a d$uction w\ld1 b = 
subsection 7c71 be all[able "u section  
#afe by reason ( section #d ( ,rev5ue   
,proc$ure #bjaj-cf4  7c7 ,d5ial ( d\ble 
b5efit ,no cr$it %all be all[$ "u       
subsection 7a7 = any exp5diture = :i* a 
d$uction or cr$it is all[$ "u any o!r   
provision ( ?is *apt]4  4  7b7 ,cl]ical 
am5dm5t ,! table ( sections = subp>t ,a 
( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su*
 ,code is am5d$ by add+ at ! end !      
foll[+3  ,sec4 #be;,e4 ,corrosive       
drywall replacem5t4  4  7c7 ,effective  

date ,! am5dm5ts made by ?is section    
%all apply to am\nts paid be=e1 on1 or  
aft] ! date ( ! enactm5t ( ?is ,act4    
7d7 ,waiv] ( limitation = cr$its &      
refunds attributable to ?is ,act ,if a  
cr$it or refund ( any ov]paym5t ( tax   
result+ f ! application ( ! am5dm5t made
 by subsection 7a7 to a p]iod be=e !    
date ( enactm5t ( ?is ,act is prev5t$ z 
( su* date by ! op]ation ( any law or   
rule ( law 7includ+ res judicata71 su*  
cr$it or refund may nev]!less be all[$  
or made if ! claim !re= is fil$ be=e !  
close ( ! #a-ye> p]iod beg9n+ on ! date 
( ! enactm5t ( ?is ,act4  #c4 ,use (    
community developm5t block grants =     
rem$y+ corrosive drywall ,section       
#aje7;a7 ( ! ,h\s+ & ,community         
,developm5t ,act ( #aigd 7#db ,u4,s4,c4 
#ecje7;a77 is am5d$-- 7#a7 9 p>agraph   
7#bd77;,d71 by /rik+ & at ! end2  7#b7 9
 p>agraph 7#be71 by /rik+ ! p]iod at !  
end & ins]t+ 2 &2 &  7#c7 by add+ at !  
end ! foll[+ new p>agraph3  7#bf7       
activities necess>y to remove or rem$y !

 use ( corrosive drywall in/all$ 9 h\s+ 
7includ+ s+le-family & multifamily h\s+7
 dur+ con/ruction or rehabilitation t   
occurr$ dur+ ! p]iod f #bjja ?r\gh      
#bjji2 & = purposes ( ?is p>agraph1 !   
t]m corrosive drywall means drywall t is
 id5tifi$ z problem drywall "u ! two-/ep
 id5tification me?od publi%$ by !       
,consum] ,product ,safety ,commission & 
! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t
 9 _! int]im guidance dat$ ,janu>y #bh1 
#bjaj4  4