Jobs And Growth Tax Relief Reconciliation Act of 2003


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Jobs And Growth Tax Relief Reconciliation Act of 2003

Legislation in the United States that lowered most marginal tax brackets and reduced taxes in other ways. For example, the Act reclassified many dividends as long-term capital gains, which caused them to be taxed at a much lower rate. Proponents of the Act argued that it would spur economic growth and job creation following the 2001-2002 recession, while critics contended that it would increase the deficit unnecessarily and shift the tax burden from the wealthy to the middle class.
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His testimony (1) reiterated the AICPA's support of the IRS's electronic filing and tax administration programs; (2) recommended approving the IRS's FY 2005 budget requests; (3) identified problems with information returns caused by the reduction in the tax rate on dividends under the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA); and (4) described the AICPA's position on return preparation outsourcing.
After consulting with its tax advisors, Bonavista believes that its distributions should be considered "Qualified Dividends" under the Jobs and Growth Tax Relief Reconciliation Act of 2003 and should be eligible for the reduced U.
after the Jobs and Growth Tax Relief Reconciliation Act of 2003, most dividends are taxed at a rate equal to or less than capital gains; see Hegt, "JGTRRA Cuts Rates, Increases Some Deductions and Credits.
The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JCTRRA) signed into law on May 28, 2003 will put approximately $60 to $68 billion back into the economy, with almost all refunds disbursed no later than the end of April, 2004," said Mr.
The Jobs and Growth Tax Relief Reconciliation Act of 2003 provided additional 50% bonus first-year depreciation for qualified property acquired after May 5, 2003 and before Jan.
The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) provided tax advisers with an opportunity to advise clients on a large number of issues.
The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA), Section 302(a), generally provides that dividends paid by either a domestic corporation or a "qualified foreign corporation" are subject to tax at reduced capital gain rates (generally, 15%).
Notice 2003-67 offers guidance to brokers and individuals on provisions in the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) that affect information reporting for payments in lieu of dividends, effective Sept.
Grant Thornton's Year End Tax Guide for 2003 covers a variety of personal and corporate tax planning opportunities, including those arising from the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA), enacted this past spring.
10, 2001; the Jobs and Growth Tax Relief Reconciliation Act of 2003, Section 201(a), expanded the provision to 50% bonus depreciation for qualifying property placed in service after May 5, 2003.
Section 302 of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) reduced the income tax rate for qualifying dividends received by individuals to 15% (5% for taxpayers in the 10% mid 15% tax brackets).
The full report on The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JCTRRA) signed into law on May 28th is scheduled for release in mid-October.