• 2003 Tax Act: New Law Will Benefit Individuals and Businesses
  • June 18, 2003
  • Law Firm: Fox Rothschild LLP - Office
  • On May 28, 2003, President Bush signed into law the Jobs and Growth Tax Relief Reconciliation Act of 2003. The Act includes several important changes that will reduce income taxes for individuals and small businesses. Specifically, the Act benefits individual taxpayers by reducing income taxes on capital gains and dividends and accelerating the marginal tax rate reductions and other individual income tax cuts established in earlier legislation.