Skip to main content
HR 2064 108th Congress House Taxation Income tax Labor and Employment Severance pay Tax exclusion

Displaced Worker Assistance Act of 2003

Introduced: May 9, 2003 Introduced by: Smith, Christopher H. Republican · New Jersey See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 9, 2003
Referred to the House Committee on Ways and Means.
May 9, 2003
Introduced in House
 Plain-English summary Congressional Research Service
Displaced Worker Assistance Act of 2003 - Amends the Internal Revenue Code to exclude from gross income qualified severance payments of up to $15,000 with respect to any employment separation reduced by the aggregate of prior excluded amounts. Limits exclusions to payments received in the year of separation or in one of the two succeeding taxable years.
What's happening now May 9, 2003

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1