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.
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