Main Page | Recent changes | View source | Page history

Printable version | Disclaimers | Privacy policy

Not logged in
Log in | Help

Joint Committee on Taxation

From dKosopedia

Joint Committee on Taxation
Current Senate Members, 109th Congress
Democrats: Republicans:
Current House Members, 109th Congress
Democrats: Republicans:


The Joint Committee is established under the Internal Revenue Code of 1986.(1) The Joint Committee is composed of 10 Members: 5 Members from the Senate Committee on Finance (3 majority and 2 minority) and 5 Members from the House Committee on Ways and Means (3 majority and 2 minority).

The statutorily prescribed duties of the Joint Committee are to: 1) investigate the operation and effects of internal revenue taxes and the administration of such taxes; 2) investigate measures and methods for the simplification of such taxes; 3) make reports to the House Committee on Ways and Means and the Senate Committee on Finance (or to the House and the Senate) on the results of such investigations and studies and to make recommendations;(2) and 4) review any proposed refund or credit of income or estate and gift taxes or certain other taxes set forth in Code section 6405 in excess of $2,000,000.(3)

Under Code section 8021, the Joint Committee is empowered to: 1) obtain and inspect tax returns and return information (as specified in sec. 6103(f)); 2) hold hearings, require attendance of witnesses and production of books, administer oaths, and take testimony; 3) procure printing and binding; and 4) make necessary expenditures. In addition, section 8023 authorizes the Joint Committee (or the Chief of Staff), upon approval of the Chairman or Vice-Chairman, to secure tax returns, tax return information or data directly from the Internal Revenue Service or any other executive agency for the purpose of making investigations, reports, and studies relating to internal revenue tax matters, including investigations of the Internal Revenue Service's administration of the tax laws.

In addition to these functions that are specified in the Internal Revenue Code, the Congressional Budget Act of 1974(4) requires the Joint Committee to provide revenue estimates for all tax legislation considered by either the House or the Senate. Such estimates are the official Congressional estimates for reported tax legislation.(5)

1. Sections 8001-8005 and 8021-8023 of the Internal Revenue Code of 1986, and predecessor sections of the Internal Revenue Code of 1954, the Internal Revenue Code of 1939, and preceding Revenue Acts back to the Revenue Act of 1926. These legislatively prescribed duties are essentially unchanged since the Revenue Act of 1926.

2. Section 8022 of the Internal Revenue Code of 1986.

3. Section 6405 of the Internal Revenue Code of 1986.

4. Section 201(g), as amended by the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings), P.L. 99-177, 99 Stat. 1037.

5. Id.

External Links

Congressional Committees Project : Current United States Congressional committees

House Committees: AgricultureAppropriationsArmed ServicesBudgetEducation and LaborEnergy and CommerceFinancial ServicesForeign AffairsHomeland SecurityAdministrationHurricane KatrinaIntelligenceJudiciaryNatural ResourcesOversight & Government ReformRulesScience & TechnologySmall BusinessStandards of Official ConductTransportation and InfrastructureVeterans' AffairsWays and MeansHouse Subcommittees

Senate Committees: AgingAgriculture, Nutrition & ForestryAppropriationsArmed ServicesBanking, Housing, & Urban AffairsBudgetCommerce, Science & TransportationEnergy & Natural ResourcesEthicsEnvironment & Public WorksFinanceForeign RelationsHealth, Education, Labor, & PensionsHomeland Security & Governmental AffairsIndian AffairsIntelligenceJudiciaryRules & AdministrationSmall Business & EntrepreneurshipVeterans' AffairsSenate Subcommittees

Joint Committees: ConferenceEconomicLibraryPrintingTaxation

Retrieved from "http://localhost../../../j/o/i/Joint_Committee_on_Taxation_2721.html"

This page was last modified 05:19, 24 November 2006 by dKosopedia user Memophage. Based on work by and dKosopedia user(s) Abou Ben Adhem. Content is available under the terms of the GNU Free Documentation License.

[Main Page]
Daily Kos
DailyKos FAQ

View source
Discuss this page
Page history
What links here
Related changes

Special pages
Bug reports