President Bush Signs Jobs and Growth Tax Relief Reconciliation Act of 2003
By Tax Advisory Practice
On May 28, 2003, President Bush signed into law the Jobs and Growth Tax Relief Reconciliation Act of 2003. The Act provides immediate and substantial tax relief in the form of reduced rates for individuals and purchasing incentives for businesses. With proper tax planning, taxpayers can ensure that they take maximum advantage of the benefits under the Act, many of which are available only temporarily. This client alert summarizes the major provisions of the Act and highlights those yielding the greatest tax-planning potential.