PATENT REFORM BILL HEADS TO PRESIDENT FOR SIGNATURE

Yesterday, 9/8, the U.S. Senate passed the House’s version of H.R. 1249 the American Invest Act, a comprehensive patent reform bill that includes language to stop the U.S. Patent and Trademark Office from issuing patents for tax strategy methods.

AICPA, TSCPA and other state CPA societies celebrate more than five years of collaborative effort to help educate Members of Congress on the need to avoid a monopoly on tax compliance methods for anyone. Texas especially appreciates House Judiciary Committee Chairman Lamar Smith (R-21) for crafting the pro-taxpayer provision, and for considering it a priority in the legislation.