Understanding Taxes - Activity 2: Formal Tax Legislation Process

Theme 1: Your Role as a TaxpayerLesson 2: How Taxes Evolve

Activity 2: Formal Tax Legislation Process

Proposed tax laws start the formal tax legislation process as a bill. This bill must follow specific steps outlined by the U.S. Constitution before, or even if, it is to become a law. Use Info Sheet 1: How Taxes Evolve to review the series of steps in the formal tax legislation process.

Question/s

"Put the steps of the formal tax legislation process in order. Match each step of this process to the number that each step occurs. Choose numbers from the drop-down menu. To assess your answers, click the Check My Answers button at the bottom of the page."
~ Tina the Tax Tutor

The tax bill is initiated in the House of Representatives and referred to the Ways and Means Committee. When members of this committee reach agreement about the legislation, they write a proposed law.
The compromise version of the bill is sent to both the House and the Senate for approval
After Congress passes the bill, it goes to the president, who can either sign it into law or veto it.
The bill goes to the Senate, where it is reviewed and often rewritten by the Finance Committee. The committee's version is then presented to the full Senate.
The bill goes to the full House, where it is debated, possibly amended, and eventually approved.
If the president vetoes the bill, Congress may try to override the veto with a two-thirds vote of each house.
After the Senate approves the bill, it is sent to a joint committee of House and Senate members, who try to arrive at a compromise version.

"Hi, I'm Tina. - Lets get started!!" ~Tina the Tax Tutor

Question/s

"Hi, I'm Tina. - Lets get started!!"
~Tina the Tax Tutor