Equity for Reservists Pay Act of 2003

This bill aims to reduce the financial burden on members of the military reserves and National Guard who are called to active duty for more than 30 days. It requires the federal government to pay its employees the difference between their civilian salary and their military pay while they are deployed, ensuring they do not suffer a loss in income. Additionally, the bill provides federal reimbursements to state and local governments that offer similar pay protections and offers a tax credit to private employers who continue to pay their employees during their active-duty service.