Bill Would Limit Damages On Tax Scheme Patents

Law360 (May 18, 2007, 12:00 AM EDT) -- Three lawmakers in the House of Representatives have introduced a bill that would limit the damages available for patented tax planning methods.

The measure, introduced by Rep. Rick Boucher (D-Va.) on Thursday, would set boundaries on the amount of damages and remedies that can be awarded for patented tax schemes. It has been referred to the House Committee on the Judiciary.

A spokesman for Boucher did not return a phone call seeking more details about the proposed bill.

Such patented tax planning methods have angered lawmakers...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.