H.R.4881 - Toxic Drywall Homeowner Relief Act of 2010111th Congress (2009-2010)
|Sponsor:||Rep. Wittman, Robert J. [R-VA-1] (Introduced 03/18/2010)|
|Committees:||House - Ways and Means|
|Latest Action:||03/18/2010 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.4881 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (03/18/2010)
Toxic Drywall Homeowner Relief Act of 2010 - Amends the Internal Revenue Code to allow a deduction from gross income for the cost of removing and remediating drywall installed in a principal residence between 2004 and 2009 which is reasonably believed to have been manufactured in China and which contains elevated levels of sulphur or strontium.
Allows an additional deduction for the taxpayer's alternative living costs, and a tax credit of up to $1,000 for the cost of moving from a principal residence to temporary lodging, while drywall in such residence is being evaluated, removed, and replaced.
Terminates the tax deductions and credit allowed by this Act after 2011.