The Senate passed a patent reform bill on Tuesday that contains provisions banning patents on tax strategies.
Senate Finance Committee Chairman Max Baucus, D-Mont., and senior committee member Chuck Grassley, R-Iowa, applauded the Senate’s passage of a bill they had introduced to protect taxpayers and fight tax evasion that was approved as part of the larger Senate patent reform bill. The Senate approved the larger bill by a vote of 95-5. The House does not have a similar bill at the moment, but House Judiciary Committee Chairman Lamar Smith, R-Texas, is drafting one, according to Reuters.
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