Reserve Component Tax Assistance Act of 2003 - Amends the Internal Revenue Code to allow as a business or trade deduction the expenses of a member of the reserve component of the U.S. armed forces in connection with such service. Makes such deduction available to itemizers and non-itemizers.
Establishes related reserve component business-related employment and self-employment credits.
Actions
Jan 22, 2003
Read twice and referred to the Committee on Finance.