S. 1054: Jobs and Growth Tax Relief Reconciliation Act of 2003

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S. 1054: Jobs and Growth Tax Relief Reconciliation Act of 2003

108th Congress · introduced 2003-05-13 · Taxation · Latest: Returned to the Calendar. Calendar No. 97.

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Official title

Jobs and Growth Tax Relief Reconciliation Act of 2003

Plain summary

Jobs and Growth Tax Relief Reconciliation Act of 2003 - Amends the Internal Revenue Code to accelerate: (1) the expansion of the 10 percent bracket for married taxpayers filing jointly; (2) scheduled individual income tax rate reductions; (3) the increase in the standard deduction for joint filers to twice that of single filers; (4) the increase in the 15 percent bracket for joint filers to twice that of single filers; (5) the increase to the $1,000 child tax credit. Increases, for individuals, the alternative minimum tax exemption amounts. Increases the expensing allowance, the phaseout limit, and provides for inflation adjustments. Excludes a limited amount of dividend income from gross income. Sets forth rules for use in applying the economic substance doctrine, including defining economic substance. Establishes and modifies penalties concerning tax shelters. Revises provisions concerning corporate governance and executive compensation. Revises IRC expatriation tax provisions. Revises a variety of provisions, including: (1) establishing a program requiring the payment of IRS user fees; (2) including any vaccine against hepatitis A under the manufacturer's excise tax; (3) permitting the IRS to enter into qualified tax collection contracts; and (4) permitting the amortization of intangibles by sports franchises; (5) increasing the historic rehabilitation credit for certain low-income housing for the elderly; and (6) providing for the reimbursement of emergency health services furnished to undocumented aliens. Authorizes appropriations, through December 31, 2004, to States for: (1) improving education or job training, health care services, transportation or other infrastructure, and law enforcement or public safety; and (2) maintaining essential government services. Provides for increased Medicaid payments to States through December 31, 2004. Revises provisions concerning small business, including provisions concerning: (1) modifying the debt-financed property provisions; and (2) repealing the special occupational taxes on producers and marketers of alcoholic beverages. Revises provisions concerning agriculture, including provisions concerning: (1) the application of capital gain treatment to outright sales of timber; and (2) patronage dividends of cooperatives. Sets forth: (1) specified simplification provisions; and (2) sunset provisions.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Grassley, Chuck [R-IA] · 0 cosponsors

Cost estimate: CBO cost estimate: S. 1054, Jobs and Growth Tax Relief Reconciliation Act of 2003 (2003-05-14); CBO cost estimate: S. 1054, Jobs and Growth Tax Relief Reconciliation Act of 2003 (2003-05-14)

Sponsor's campaign money: Sen. Grassley, Chuck [R-IA] reported raising $527,998 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Recorded votes

• Senate vote 147 (2003): On the Motion, S1054 (2003-05-14): Motion Rejected
• Senate vote 148 (2003): On the Amendment, S1054 (2003-05-15): Amendment Agreed to
• Senate vote 149 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 150 (2003): On the Amendment, S1054 (2003-05-15): Amendment Agreed to
• Senate vote 151 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 152 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 153 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 154 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 155 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 156 (2003): On the Amendment, S1054 (2003-05-15): Amendment Agreed to
• Senate vote 157 (2003): On the Amendment, S1054 (2003-05-15): Amendment Agreed to
• Senate vote 158 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 159 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 160 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 161 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 162 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 163 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 164 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 165 (2003): On the Motion, S1054 (2003-05-15): Motion Agreed to
• Senate vote 166 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 167 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 168 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 169 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 170 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 171 (2003): On the Amendment, S1054 (2003-05-15): Amendment Agreed to
• Senate vote 172 (2003): On the Amendment, S1054 (2003-05-15): Amendment Rejected
• Senate vote 173 (2003): On the Amendment, S1054 (2003-05-15): Amendment Rejected
• Senate vote 174 (2003): On the Amendment, S1054 (2003-05-15): Amendment Rejected
• Senate vote 175 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected
• Senate vote 176 (2003): On the Motion, S1054 (2003-05-15): Motion Rejected

Sources

• Congressional Research Service summary (Introduced in Senate)
• Congress.gov
• Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-108s1054.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/108/s>

Record fed-us-cong108-s1054 · catalog fed-us-congress-bills-cong108 · updated 2026-11-15 by psicol fed-bills-cong108