S. 3817 · 109th Congress
Match Act of 2006
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
TalentSponsorNo cosponsors.
Match Act of 2006 - Amends the Internal Revenue Code to allow employers and other individuals maintaining a retirement savings plan for certain low and moderate income individuals ($50,000 adjusted gross income limit for taxpayers filing joint returns) an investment tax credit for matching contributions of the first $2,000 in contributions to such plans.
What it does: CRS summary · Introduced in Senate · Aug 3, 2006
Match Act of 2006 - Amends the Internal Revenue Code to allow employers and other individuals maintaining a retirement savings plan for certain low and moderate income individuals ($50,000 adjusted gross income limit for taxpayers filing joint returns) an investment tax credit for matching contributions of the first $2,000 in contributions to such plans. Sets forth rules relating to limits on matching contributions, eligibility of participating individuals, tax treatment of matching contributions, and penalties for matching contributions made on behalf of ineligible individuals.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Match Act of 2006
Latest action (Aug 3, 2006): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Aug 3, 2006
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.