Victims Tax Fairness Act of 2003

Victims Tax Fairness Act of 2003 - Amends the Internal Revenue Code to: (1) include in gross income amounts awarded to or received by the taxpayer, whether by suit or agreement, on account of nonphysical personal injury which are designated for attorneys' fees and costs; and (2) allow a deduction for attorneys' fees and costs awarded to or paid by the taxpayer, whether by suit or agreement, on account of nonphysical personal injury.