A bill to provide the past expenditures for urea-formaldehyde foam insulation shall not be taken into account in computing the dollar limitation under the Federal residential energy tax credit and to allow a medical expense deduction from income tax for the removal of urea-formaldehyde foam insulation.

Provides that previous expenditures for urea-formaldehyde foam insulation shall not be taken into account in computing the dollar limitation for purposes of the residential energy tax credit.

Allows a medical expense deduction for expenses paid for: (1) removal of urea-formaldehyde foam insulation from any residence of the taxpayer; and (2) restoration of such residence.