Intermediate Sanctions Compensatory Revenue Adjustment Act of 2003 (ISCRAA)

[AI summary unavailable — showing source text] Intermediate Sanctions Compensatory Revenue Adjustment Act of 2003 (ISCRAA) - Amends the Internal Revenue Code to impose on the collecting attorney: (1) in each excess fee transaction a tax equal to five percent of such fee; and (2) in any case in which such tax is imposed and the excess fee involved is not corrected within the taxable period, a tax of 200 percent of the excess fee involved. Defines: (1) collecting attorney; (2) excess fee transaction; and (3) taxable period. Authorizes Tax Court declaratory judgments with respect to excise taxes on excess fee transactions.…