AICPA每日一练之REG【2016-4-6】

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Which of the following correctly lists the order, from earliest to latest, that U.S. legislative bodies consider new tax legislation?

a. House of Representatives, Joint Conference Committee, U.S. Senate.

b. U.S. Senate, Joint Conference Committee, House of Representatives.

c. Joint Conference Committee, House of Representatives, Senate Finance Committee.

d. House of Representatives, U.S. Senate, Joint Conference Committee.

Answer：D

Choice "d" is correct. The correct order for all new tax legislation is the House of Representatives, the Senate, the Joint Conference Committee to resolve differences (if necessary), and presidential action.

Choices "c", "b", and "a" are incorrect, per the above rule.

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