Chinese drywall manufacturer Knauf Tianjin agrees to fix 300 homes; A first step
Chinese drywall manufacturer Knauf Plasterboard Tianjin settlement: Knauf will repair up to 300 homes in the states of Florida, Alabama, Louisiana, and Mississippi.
IRS Allows Tax Break for replacing Chinese drywall
The Internal Revenue Service (IRS) has announced that it would give victims of defective Chinese drywall a tax break by allowing them to claim their homes as a “casualty loss.” According to the NY-Times, this will allow homeowners to make a deduction for the cost of repairs and damaged appliances.