Jobs and Growth Tax Relief Reconciliation Act of 2003

Jobs and Growth Tax Relief Reconciliation Act of 2003

Long title	An act to provide for reconciliation pursuant to section 201 of the concurrent resolution on the budget for fiscal year 2004.
Acronyms (colloquial)	JGTRRA
Enacted by	the 108th United States Congress
Citations
Public law	Pub. L.Tooltip Public Law (United States) 108–27 (text) (PDF)
Statutes at Large	117 Stat. 752
Legislative history
Introduced in the House as H.R. 2 by Bill Thomas (R-CA) on February 27, 2003 Committee consideration by House Ways and Means Passed the House on May 9, 2003 (222–203) Passed the Senate on May 15, 2003 (51-49) Reported by the joint conference committee on May 23, 2003; agreed to by the House on May 23, 2003 (231–200) and by the Senate on May 23, 2003 (50–50, the Vice President voted in the Affirmative) Signed into law by President George W. Bush on May 28, 2003
Major amendments
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

The Jobs and Growth Tax Relief Reconciliation Act of 2003 ("JGTRRA", Pub. L.Tooltip Public Law (United States) 108–27 (text) (PDF), 117 Stat. 752), was passed by the United States Congress on May 23, 2003, and signed into law by President George W. Bush on May 28, 2003. Nearly all of the cuts (individual rates, capital gains, dividends, estate tax) were set to expire after 2010.^[1]

Among other provisions, the act accelerated certain tax changes passed in the Economic Growth and Tax Relief Reconciliation Act of 2001, increased the exemption amount for the individual Alternative Minimum Tax, and lowered taxes of income from dividends and capital gains. The 2001 and 2003 acts are known together as the "Bush tax cuts".