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Fernando Bezerra, Rapporteur of the Bill That Limits ICMS on Fuels, Believes That the Bill Could Be Voted on as Soon as Next Week
Senator Fernando Bezerra (MDB-PE), rapporteur of the proposal that limits ICMS on fuels, natural gas, electricity, communications, and public transportation, had a busy Thursday. Bezerra participated in another round of discussions with representatives of the state finance secretaries.
“They prefer to move forward in understanding so that the report we produce can be appreciated before the 14th. For this report, supported and approved here in the Senate, to serve as the basis for a broad understanding at a new conciliation meeting on the 14th,” said Fernando Bezerra. Due to progress in negotiations, the senator highlighted that there is a possibility for the report to be voted as soon as next Tuesday, the 7th, or Wednesday, the 8th.
The Bill That Limits ICMS Is Quite Controversial
State finance secretaries fear that with the limitation of ICMS, states will lose billions in revenue in the coming years. To mitigate the problem, the bill emphasizes that the Federal Government will compensate states for the reduction in revenue. This compensation would be through discounts on debt installments between the states and the Union.
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Many employers do not know, but the law guarantees domestic workers a 25% increase in salary during trips, 50% for overtime, 20% for night shifts, and 17 additional benefits that can lead to labor lawsuits if not paid.
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Gasoline prices soar and the question arises: is ethanol more advantageous? The 70% rule reveals the limit with gasoline.
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The government has made a decision and is starting a test with more ethanol in gasoline, anticipating a mixture of up to 35%, diesel with 25% biodiesel, and a study to assess the impacts on engines.
Senator Jean Paul Prates (PT-RN), who also met with the rapporteur and the secretaries, emphasized that the impact of the bill on the final price of fuels will be limited. “The tax dimension has a minimal reach; we are talking about a decrease of R$ 0.10 to R$ 0.18 in the price of gasoline. I think we can evolve to other dimensions as well,” said the politician.
States Are Collecting More with ICMS in 2022
According to data from the National Council of Finance Policy (Confaz), the revenue collected by states with ICMS surged in 2022, increasing by 12.2% compared to the first four months of last year. The revenue from states collected on fuels had an increase of 36.5%.
If the growth of state revenue with ICMS remains at 12.2% until the end of the year, states could collect R$ 738 billion in 2022, representing an increase of R$ 80 billion compared to last year. The Federal Government estimates that the approval of the bill will represent a drop in revenue of R$ 73 billion. Because of this, the Government understands that states would not lose revenue.
Government Seeks a Solution for Gasoline and Diesel Prices
Fuel prices have been setting records this year. The problem was already huge, however, the conflict between Ukraine and Russia caused oil prices to soar in the international market, leading to increases in the price of gasoline and diesel in Brazil.
With elections scheduled for October, the government wants to approve as many measures as possible to try to lower fuel prices. The understanding among government officials is that President Jair Bolsonaro’s chances of reelection will be very small if nothing is done to reduce fuel prices.
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