the internal revenue code is part of federal statutory law. true false
Internal Revenue Code The Internal Revenue Code (IRC), formally the Internal Revenue Code of 1986, is the domestic portion of federal statutory tax law in the United States, published in various volumes of the United States Statutes at Large, and separately as Title 26 of the United States Code (USC).[1] It is organized topically, into subtitles and sections, covering income tax (see Income tax in the United States), payroll taxes, estate taxes, gift taxes, and excise taxes; as well as procedure and administration. Its implementing agency is the Internal Revenue Service.
Appropriation bill According to the Origination Clause of the United States Constitution, all bills for raising revenue, generally tax bills, must originate in the House of Representatives, similar to the Westminster system requirement that all money bills originate in the lower house. Traditionally, though, appropriation bills also originate in the House of Representatives.[8][9] House appropriations bills begin with "H.R.", meaning "House of Representatives". In reference to revenue bills, the Constitution also states that the "Senate may propose or concur with Amendments as on other Bills." As with revenue bills, the Senate and House each drafts and considers its own appropriation bill. The Senate then "cuts-and-pastes," substituting the language of its version of a particular appropriation bill for the language of the House bill, then agrees to the bill as amended.