What body prepares a compromise version of tax legislation when the House and Senate versions are not in agreement?

Question

Quizplus · Accepted Answer

When the House and Senate versions of tax legislation are not in agreement, a Joint Conference Committee is created to prepare a compromise version of the legislation. This committee is made up of members from both the House and Senate and is responsible for reconciling any differences between the two versions of the legislation. The Joint Committee on Taxation, House Ways and Means Committee, Judiciary Committee, and Arbitration Committee do not play a direct role in preparing compromise tax legislation.

What Body Prepares a Compromise Version of Tax Legislation When