Asked by Jonnel Young on Jun 15, 2024
Verified
Federal tax legislation generally originates in which body?
A) Senate Finance Committee.
B) Supreme Court.
C) Internal Revenue Service.
D) House Ways and Means Committee.
Senate Finance Committee
A key committee in the United States Senate that handles legislation relating to taxes, tariffs, and other revenue-raising measures.
House Ways and Means Committee
A powerful committee of the United States House of Representatives responsible for taxation, tariffs, and other fiscal policies.
- Understand the origin and legislative process of federal tax laws.
Verified Answer
MH
Maisyarah HawafiJun 18, 2024
Final Answer :
D
Explanation :
Federal tax legislation usually originates in the House Ways and Means Committee. The committee is responsible for tax-related bills and proposals, such as tax reform or changes to the tax code. Once a bill is passed in the House, it moves to the Senate Finance Committee for further review and potential amendments.
Learning Objectives
- Understand the origin and legislative process of federal tax laws.
Related questions
Describe the Legislative Process for Enacting a New Tax Law
Typically,federal Tax Legislation Is Introduced in the Senate Finance Committee
Which Court Hears Most of the Litigated Tax Disputes Between ...
Legislative Acts Passed by State Legislatures Can Be Found in ...
Which of the Following Refers to an Income Tax Regulation