Jobs And Growth Tax Relief Reconciliation Act of 2003 - JGTRRA

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Dictionary Says

Definition of 'Jobs And Growth Tax Relief Reconciliation Act of 2003 - JGTRRA'

A U.S. tax law, passed by Congress on May 23, 2003, that lowered the maximum individual income tax rate on corporate dividends to 15%. The act also reduced the long-term individual income tax rate on capital gains to 15%. The act was signed by President George W. Bush on May 28, 2003, and was intended to amplify the effects of the Economic Growth and Tax Relief Reconciliation Act of 2001.
Investopedia Says

Investopedia explains 'Jobs And Growth Tax Relief Reconciliation Act of 2003 - JGTRRA'

The JGTRRA was put forward as part of an effort to jump-start the U.S. economy. The law significantly reduced the amount of tax paid by investors on dividends and capital gains. This development made it much more attractive for public companies to pay cash dividends to shareholders (instead of holding onto their cash and reinvesting it into expanded operations). Thus, after the enactment of the JGTRRA, the number of U.S. companies paying regular dividends increased substantially.
Search results for

'Jobs And Growth Tax Relief Reconciliation Act of 2003 (JGTRRA)'

  • Dividend Tax Rates: What Investors Need To Know

    http://www.investopedia.com/articles/06/JGTRRADividends.asp
    ... That trend reversed dramatically with the passage of the Jobs and Growth Tax
    Relief Reconciliation Act of 2003 (JGTRRA) on May 23, 2003. ...

  • Using Tax Lots: A Way To Minimize Taxes

    http://www.investopedia.com/articles/05/taxlots.asp
    ... December 15 2011 | Filed Under ยป Laws, Personal Finance, Stocks, Taxes. Since the
    Jobs & Growth Tax Relief Reconciliation Act of 2003 (JGTRRA), investors have ...

  • Capital Gains Tax Cuts For Middle Income Investors

    http://www.investopedia.com/articles/pf/07/capitalgains.asp
    ... an incentive to save and invest. The legislation was called the Jobs and
    Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). ...

  • Dividends Still Look Good After All These Years

    http://www.investopedia.com/articles/stocks/07/dividend.asp
    ... The passage of the Jobs and Growth Tax Relief Reconciliation Act of 2003, which
    reduced the taxation on qualified dividends, helped to rekindle the romance. ...

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