3.0.0 2046 2023-01-15T15:18:17Z 2023-01-15T15:18:17Z House H HR 2003-05-09 108 hswm00 Ways and Means Committee House Standing Referred to 2003-05-09T13:02:45Z 2003-05-09 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2003-05-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2003-05-09 Introduced in House IntroReferral 1000 9 Library of Congress R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 N A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2003-05-09 True B001234 Rep. Baca, Joe [D-CA-43] JOE BACA D CA 43 2003-05-09 True B001241 Rep. Bell, Chris [D-TX-25] Chris Bell D TX 25 2003-05-09 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2003-05-09 True B000944 Rep. Brown, Sherrod [D-OH-13] Sherrod Brown D OH 13 2003-05-09 True C000380 Del. Christensen, Donna M. [D-VI-At Large] DONNA CHRISTENSEN D VI M. 0 2003-05-09 True C000984 Rep. Cummings, Elijah E. [D-MD-7] ELIJAH CUMMINGS D MD E. 7 2003-05-09 True D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2003-05-09 True D000210 Rep. Delahunt, William D. [D-MA-10] William Delahunt D MA D. 10 2003-05-09 True D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2003-05-09 True E000179 Rep. Engel, Eliot L. [D-NY-17] ELIOT ENGEL D NY L. 17 2003-05-09 True E000215 Rep. Eshoo, Anna G. [D-CA-14] ANNA ESHOO D CA G. 14 2003-05-09 True E000226 Rep. Etheridge, Bob [D-NC-2] BOB ETHERIDGE D NC 2 2003-05-09 True G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2003-05-09 True H001030 Rep. Hill, Baron P. [D-IN-9] BARON HILL D IN P. 9 2003-05-09 True H001032 Rep. Holt, Rush [D-NJ-12] RUSH HOLT D NJ D. 12 2003-05-09 True H001034 Rep. Honda, Michael M. [D-CA-15] MICHAEL HONDA D CA M. 15 2003-05-09 True H000874 Rep. Hoyer, Steny H. [D-MD-5] STENY HOYER D MD H. 5 2003-05-09 True L000090 Rep. Lantos, Tom [D-CA-12] TOM LANTOS D CA 12 2003-05-09 True L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2003-05-09 True L000263 Rep. Levin, Sander M. [D-MI-12] SANDER LEVIN D MI M. 12 2003-05-09 True M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2003-05-09 True M000639 Rep. Menendez, Robert [D-NJ-13] Robert Menendez D NJ 13 2003-05-09 True M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2003-05-09 True M000714 Rep. Millender-McDonald, Juanita [D-CA-37] JUANITA MILLENDER-MCDONALD D CA M. 37 2003-05-09 True M000725 Rep. Miller, George [D-CA-7] GEORGE MILLER D CA 7 2003-05-09 True O000006 Rep. Oberstar, James L. [D-MN-8] JAMES OBERSTAR D MN L. 8 2003-05-09 True O000107 Rep. Ortiz, Solomon P. [D-TX-27] SOLOMON ORTIZ D TX P. 27 2003-05-09 True P000034 Rep. Pallone, Frank, Jr. [D-NJ-6] FRANK PALLONE D NJ 6 2003-05-09 True P000197 Rep. Pelosi, Nancy [D-CA-8] NANCY PELOSI D CA 8 2003-05-09 True P000523 Rep. Price, David E. [D-NC-4] DAVID PRICE D NC E. 4 2003-05-09 True R000462 Rep. Rothman, Steven R. [D-NJ-9] STEVEN ROTHMAN D NJ R. 9 2003-05-09 True R000577 Rep. Ryan, Timothy J. [D-OH-17] TIMOTHY RYAN D OH J. 17 2003-05-09 True S000005 Rep. Sabo, Martin Olav [D-MN-5] MARTIN SABO D MN OLAV 5 2003-05-09 True S000044 Rep. Sandlin, Max [D-TX-1] MAX SANDLIN D TX 1 2003-05-09 True S000480 Rep. Slaughter, Louise McIntosh [D-NY-28] LOUISE SLAUGHTER D NY M. 28 2003-05-09 True J000284 Rep. Jones, Stephanie Tubbs [D-OH-11] STEPHANIE JONES D OH TUBBS 11 2003-05-09 True W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 2003-05-09 True W000215 Rep. Waxman, Henry A. [D-CA-30] HENRY WAXMAN D CA A. 30 2003-05-09 True B001238 Rep. Ballance, Frank W., Jr. [D-NC-1] Frank Ballance D NC W. 1 2003-05-09 True M000627 Rep. Meehan, Martin T. [D-MA-5] MARTIN MEEHAN D MA T. 5 2003-05-22 False E000250 Rep. Evans, Lane [D-IL-17] LANE EVANS D IL 17 2003-06-02 False V000128 Rep. Van Hollen, Chris [D-MD-8] Chris Van Hollen D MD 8 2003-06-17 False Taxation Administrative procedure Administrative remedies Affiliated corporations Arts, Culture, Religion Automobiles Bankruptcy Business records Capital gains tax Civil Rights and Liberties, Minority Issues Civil actions and liability Collection of accounts Commerce Community development Computer software Confidential communications Congress Congressional reporting requirements Corporate debt Corporate finance Corporate mergers Corporation directors Corporation taxes Crime and Law Enforcement Debtor and creditor Department of the Treasury Depreciation and amortization Directories Dividends Earned income tax credit Economics and Public Finance Education Elementary and secondary education Executives Families Federal aid to education Federal-state relations Finance and Financial Sector Fines (Penalties) Foreign Trade and International Finance Foreign banks and banking Foreign corporations Foreign exchange Fraud Government Operations and Politics Government paperwork Government trust funds Grants-in-aid Health Higher education Housing and Community Development Income tax Information disclosure (Securities law) Infrastructure Infrastructure (Economics) Injunctions Interest Investors Judicial review Labor and Employment Labor statistics Law Lawyers Lease and rental services Legal ethics Liens Limitation of actions Losses Married people Medicaid Motion pictures Part-time employment Partnerships Pension funds Right of privacy Science, Technology, Communications Securities regulation Small business Social Welfare Sound recording and reproducing State laws Stockholders Stocks Tax administration Tax credits Tax deductions Tax evasion Tax exclusion Tax havens Tax penalties Tax preparers Tax rates Tax refunds Tax returns Tax shelters Tax-deferred compensation plans Taxation of foreign income Taxpayers Terrorism Transportation and Public Works Trusts and trustees Unemployment Unemployment insurance Urban affairs Valuation Taxation 00 2003-05-09 Introduced in House 2003-07-21T21:10:45Z Jobs and Growth Reconciliation Tax Act of 2003 - Amends the Internal Revenue Code to accelerate: (1) the increase in the child care credit and the increase in the refundable portion of the credit; (2) the increase in the standard deduction for joint filers to twice that of single filers; and (3) the expansion of the ten percent bracket for married taxpayers filing jointly.

Increases the earned income credit phase-out amount on a joint return by $3,000.

Extends the work opportunity credit to long-term unemployed individuals.

Unemployment Benefits Extension Act - Amends the Temporary Extended Unemployment Compensation Act of 2002 (TEUCA) to: (1) extend the TEUC program; (2) provide for additional weeks of TEUC benefits; (3) revise unemployment rate triggers for TEUC benefit periods; and (4) provide for regular unemployment compensation for certain individuals based on part-time work or an alternative base period.

Establishes a program of payments to States to provide: (1) regular unemployment compensation benefits for individuals who otherwise would be ineligible because the base period does not count wages earned in the most recently completed calendar quarter or the individuals seek or are available for less than full-time work; and (2) enhanced unemployment benefits.

Establishes in the Treasury the Pressing Domestic Needs Trust Fund.

Increases: (1) and extends certain bonus depreciation provisions; and (2) small business expensing limits.

Allows a ten percent deduction for income attributable to a corporation's domestic production, with a 2006 through 2009 phase-in period.

Eliminates: (1) top individual income tax rate reductions scheduled to began as of 2004 (provides for restoration under specified circumstances); and (2) scheduled elimination of income-based phase-outs for deductions and personal exemptions.

Repeals the extraterritorial income exclusion, with a 2004 through 2008 phase-in period.

Revises tax shelter provisions to, among other things: (1) define economic substance; (2) impose a penalty for the failure to include in a return information concerning a reportable transaction, a reportable transaction understatement (including imposing the penalty for certain understatements which were based on unreasonable legal or factual assumptions), a noneconomic substance transaction understatement, and interests in foreign financial accounts; (3) modify rules concerning the failure to furnish information regarding reportable transactions and the penalty for such failure, the failure to maintain lists of investors in potentially abusive tax shelters and the penalty for such failure, the authority to seek an injunction to enjoin promoters of abusive tax shelters; and (4) deny a deduction of interest on underpayments attributable to nondisclosed reportable transactions and noneconomic substance transactions.

Amends other provisions to, among other things: (1) place a limit on the transfer or importation by a corporation of built-in losses; (2) provide for the partnership treatment of certain contributed property with a built-in loss; (3) repeal part V (Financial Asset Securitization Investment Trusts) of subchapter M (Regulated Investment Companies and Real Estate Investment Trusts); and (4) modify rules concerning the disallowance of a deduction on certain debt instruments of corporations, passive foreign investment companies, and the reduction in a corporate shareholder's basis in stock by the nontaxed portion of extraordinary dividends.

Revises corporate expatriation provisions to treat acquiring corporations in "corporate expatriation transactions" as domestic corporations. Defines a "corporate expatriation transaction" as, with certain exceptions, one in which a "nominally foreign corporation" acquires substantially all of the properties held by a domestic corporation and in which, immediately after the transaction, more than 80 percent of the stock of the acquiring corporation is held by former shareholders of the domestic corporation. Lowers the 80 percent threshold to 50 percent when the acquiring "nominally foreign corporation" lacks substantial business activities in the foreign country in which it was created and organized compared to the total activities of the "expanded affiliated group" and the stock is publicly traded, with the principal market of trading being the United States. Defines the terms "nominally foreign corporation" an "expanded affiliated group." Applies similar rules to partnership transactions. Establishes that a series of related transactions relevant to the Act shall be handled as a single transaction.

Includes funded deferred compensation in the gross income of certain disqualified employees (corporate insiders).

]]> Jobs and Growth Reconciliation Tax Act of 2003 Display Title Jobs and Growth Reconciliation Tax Act of 2003 Official Title as Introduced To amend the Internal Revenue Code of 1986 to rebuild America through job creation. Introduced in House IH Short Titles as Introduced Jobs and Growth Reconciliation Tax Act of 2003 Short Titles as Introduced for portions of this bill Unemployment Benefits Extension Act Introduced in House 2003-05-09T04:00:00Z 2003-05-09 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.