To amend the Internal Revenue Code of 1986 to exclude from gross income remediation payments for hazardous drywall.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income government payments to a taxpayer for the replacement of, or remediation relating to, hazardous or defective drywall installed in the taxpayer's principal residence after September 1, 2006, and prior to the enactment of this Act.…