Skip to main content
HR 2503 108th Congress House

Asbestos Claims Tax Fairness Act of 2003

Official title: To amend the Internal Revenue Code of 1986 to provide that tax attributes shall not be reduced in connection with a discharge of indebtedness in a title 11 cas… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to provide that tax attributes shall not be reduced in connection with a discharge of indebtedness in a title 11 case of a company having asbestos-related claims against it.

Introduced: June 18, 2003 See on congress.gov
Taxation AsbestosBankruptcyCapital gains taxClaims
More subjectsShow fewer subjects
CommerceCorporate debtCorporate reorganizationsCorporation taxesEnvironmental ProtectionFinance and Financial SectorIncome taxLawLossesProducts liabilityTax administrationTax exclusionTax exemptionTrusts and trustees
Sign in to write a letter Sign in to watch
This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 18, 2003
Referred to the House Committee on Ways and Means.
Jun 18, 2003
Sponsor introductory remarks on measure. (CR E1298)
Jun 18, 2003
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action June 18, 2003

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Rogers, Harold
Kentucky · Jun 18, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2503: Asbestos Claims Tax Fairness Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-2503/
MLA
"H.R. 2503: Asbestos Claims Tax Fairness Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-2503/.
Bluebook (legal)
H.R. 2503, 108th Cong. (2026), https://openamerica.io/bill/108-HR-2503/.
Markdown link
[H.R. 2503: Asbestos Claims Tax Fairness Act of 2003](https://openamerica.io/bill/108-HR-2503/)
Report a problem