Legislative Tax Law Tx 8030

Brief History of Code Sixteenth Amendment in _____ Separate revenue acts, _____ to _____ IRC of _____

Characteristics of the Code Supreme tax authority unless… Conflict with U.S. ____________ Conflict with U.S. _______ The Supreme Court engages in two activities: Resolving conflicts between the _____ and _____________ Interpreting the _____

Characteristics of the Code (continued) Amended when Congress passes a ________ ____ _______ law numbers Become part of ______ ___

Organization of the Code Title ___ of U.S. Code Subtitle Chapter Subchapter Part Subpart

Organization of the Code (continued) Section Subsection Paragraph Subparagraph Other

Reading the Code General rules and exceptions Definitions Limited scope Measuring language Conjunctions and qualifiers Interrelationships Effective dates Spacing of section numbers

Flow of Tax Legislation “All Bills for raising _______ shall originate in the ______ of _______________.” Tax bills are referred to committee and assigned a ____ number. House _____ and _______ Committee Senate ________ Committee _______ hearings and ________ sessions

Flow of Tax Legislation (continued) Amendments to tax bills from the floor Joint ____________ Committee When Congress passes a tax bill, the President can: _____ it _______ it

Documentation from Process Committee Reports ______ Ways and Means _______ Finance ______ Conference ______ Committee on Taxation’s “_____ Book” Public hearings “______ Debate Report” in Congressional _______

Birth of a Revenue Act House Ways and Means Committee House Floor Action Birth of a Revenue Act Senate Finance Committee Senate Floor Action Joint Conference Committee President of the United States House and Senate Floors Bill Dies Revenue Act Internal Revenue Code Bill Sent Back to Congress

Tax Treaties _______ law of the land ______-in-time rule Intent to _________