Match Act of 2006

[AI summary unavailable — showing source text] 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.…