S 2 · 108th Congress · Taxation
Jobs and Growth Reconciliation Tax Act of 2003
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Placed on Senate Legislative Calendar under General Orders. Calendar No. 90.(2003-05-09)
Plain Language Summary
[AI summary unavailable — showing source text]
Jobs and Growth Tax Act of 2003 - Amends the Internal Revenue Code to accelerate the following previously enacted tax reductions: (1) the 10-percent individual income tax rate bracket expansion: (2) the reduction in individual income tax rates; (3) the 15-percent individual income tax rate bracket expansion for married taxpayers filing joint returns; (4) the increase in the standard deduction for married taxpayers filing joint returns; and (5) the increase in the child tax credit. Triples the small business expensing limit. Excludes from gross income the excludable portion of dividends. Sets forth definitions and rules concerning such exclusion.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeS. 2, Jobs and Growth Tax Act of 2003
May 12, 2003<p>Cost estimate for the bill as reported by the Senate Committee on Finance on May 9, 2003</p>
Full CBO report ↗S. 2, Jobs and Growth Tax Act of 2003
May 12, 2003Cost estimate for the bill as reported by the Senate Committee on Finance on May 9, 2003
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (7)
1 Democrat6 Republicans