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What does JAGTRRA stand for?

JAGTRRA stands for Jobs and Growth Tax Relief Reconciliation Act of 2003

This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Military and Government

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Among others, the bill would make changes to: * The Tax Increase Prevention and Reconciliation Act of 2005 * The Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users * The Energy Policy Act of 2005 * The American Jobs Creation Act of 2004 * The Jobs and Growth Tax Relief Reconciliation Act of 2003 * The Internal Revenue Service Restructuring and Reform Act of 1998 Generally speaking, the amendments contained in the corrections act ranged from the mildly notable to even more minor changes.
According to a Congressional Research Service (CRS) Report for Congress, The Alternative Minimum Tax for Individuals (RL30149), the effects of the legislative reductions in the regular income tax due to the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) have caused more middle-income taxpayers to be subject to AMT.
The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) reduced the individual tax rate on corporate dividends received to 15% for individuals in the 25%, 28%, 33% and 35% tax brackets (5% (0% in 2008) for individuals in the 15% and 10% income tax brackets); this affords some planning strategies for closely held corporations that want to reduce their accumulated earnings and profits (E&P).