Define: Job And Growth Tax Relief Act Of 2003

UK Accounting Glossary

Definition: Job And Growth Tax Relief Act Of 2003



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Full Definition of Job And Growth Tax Relief Act Of 2003


The Job and Growth Tax Relief Act of 2003 was a US tax relief package introduced by the Bush administration to stimulate economic growth. Key provisions of the Job and Growth Tax Relief Act of 2003 reduced maximum tax rates on dividends and capital gains to 15 per cent through 2008. The Job and Growth Tax Relief Act of 2003 accelerated reductions in income tax rates scheduled for 2004 and 2006. Another provision of the Job and Growth Tax Relief Act of 2003 accelerates scheduled increase in the child tax credit. Small businesses benefit from the Job and Growth Tax Relief Act of 2003. The Job and Growth Tax Relief Act of 2003 increases their deductible investment from $25,000 to $100,000. The Bush administration estimates tax relief associated with the Job and Growth Tax Relief Act of 2003 exceeds $109 billion.


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Definition Sources


Definitions for Job And Growth Tax Relief Act Of 2003 are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th February 2020.