14 pages. "The proposed effective date allows sufficient time to establish the regulatory and operational infrastructure for IDA programs, including regulations making it practical for exempt persons to serve as program sponsors. Thus the credit could generally be claimed for taxable years ending after December 31, 2006, and beginning before January 1, 2014. The credit would apply with respect to the first 900,000 IDA accounts opened after December 31, 2006, and before January 1[.]"  MORE >>