H.R. 2503 · 108th Congress · 2003–2004
Asbestos Claims Tax Fairness Act of 2003
H.R. 2503 in the 108th Congress (2003–2004) was introduced on Jun 18, 2003, sponsored by Mac Collins with 8 co-sponsors.
During the 108th Congress (2003–2004), George W. Bush was president, and Republicans held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Jun 18, 2003
- Co-sponsors
- 8
- Policy area
- Taxation
What it does
Asbestos Claims Tax Fairness Act of 2003 - Amends the Internal Revenue Code to provide for the preservation of tax attributes in asbestos company bankruptcy cases and provide an exemption for asbestos related settlement funds to ensure the availability of a company's assets to pay asbestos claims.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Mac Collins (R-GA). Co-sponsors: 5 Democrats, 3 Republicans.
Where it stands
- IntroducedJun 18, 2003
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Jun 18, 2003)
More bills from Mac Collins in the 108th Congress
Other Taxation bills in the 108th Congress
- H.R. 2: Jobs and Growth Tax Relief Reconciliation Act of 2003
- H.R. 1308: Working Families Tax Relief Act of 2004
- H.R. 982: To clarify the tax treatment of bonds and other obligations issued by the Government of American…
- H.R. 4520: American Jobs Creation Act of 2004
- S. 150: Internet Tax Nondiscrimination Act
- H.R. 5365: To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the…
- H.R. 5394: To amend the Internal Revenue Code of 1986 to modify the taxation of arrow components.
- S. 2: Jobs and Growth Tax Act of 2003
- H.R. 7: Charitable Giving Act of 2003
- H.R. 8: Death Tax Repeal Permanency Act of 2003
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 2503 (108th Congress): Asbestos Claims Tax Fairness Act of 2003,” https://www.capitolreceipts.com/bill/108-hr-2503/asbestos-claims-tax-fairness-act-of-2003 (accessed 2026-10-17).