PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5240-5242)
Congressional Research Service
Version 00 · Introduced in Senate · Apr 10, 2003
Intermediate Sanctions Compensatory Revenue Adjustment Act of 2003 (ISCRAA) - Amends the Internal Revenue Code to impose on the collecting attorney: (1) in each excess fee transaction a tax equal to five percent of such fee; and (2) in any case in which such tax is imposed and the excess fee involved is not corrected within the taxable period, a tax of 200 percent of the excess fee involved.Defines: (1) collecting attorney; (2) excess fee transaction; and (3) taxable period.Authorizes Tax Court declaratory judgments with respect to excise taxes on excess fee transactions.
People & committees
Sen. Kyl, Jon [R-AZ] · R–AZ
Legislative record
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Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5240-5242)
Sponsor introductory remarks on measure. (CR S5237-5240)
Introduced in Senate
Primary sources
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Source last updated: Aug 18, 2025. Consult Congress.gov for the current record.
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