Congress Wary Of Tax Business Method Patents

Law360, New York (July 10, 2006, 12:00 AM EDT) -- The U.S. Patent and Trademark Office is preparing to launch its defense on Capitol Hill of the existence of business method patents for tax procedures, after various patented tax schemes drew Congressional ire.

Although Congress isn’t looking into business method patents as a whole, the House Ways and Means Committee will hold a hearing Thursday about whether tax-scheme patents are detrimental to innovation, as well as to the government’s coffer.

Rep. Dave Camp (R-Mich.), chairman of the Ways and Means Select Revenue Subcommittee, said it seemed...
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