Rapporteur of the Bill Limiting ICMS on Fuels Says Vote May Happen Next Week

Written by Fabio Lucas Carvalho

Published on 04/06/2022 at 06:19

Updated on 05/06/2022 at 17:07

Foto: José Cruz/Agência Brasil

Be the first to react!

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.

ARTICLE CONTINUES BELOW

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.

Rapporteur of the Bill Limiting ICMS on Fuels Says Vote May Happen Next Week

Fernando Bezerra, Rapporteur of the Bill That Limits ICMS on Fuels, Believes That the Bill Could Be Voted on as Soon as Next Week

The Bill That Limits ICMS Is Quite Controversial

States Are Collecting More with ICMS in 2022

Government Seeks a Solution for Gasoline and Diesel Prices

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

China has deployed snake-shaped robots to slide along power lines, where they have already inspected over 130 kilometers of cables using cameras and sensors to detect damaged wires, worn-out parts, and overheating.

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

Dissatisfied with seeing women outside the major breweries, a South African revives ancestral tradition, creates a brand with African ingredients, and trains new female brewmasters.

Why the letter password marked ATMs in Brazil: technology seemed complicated, became an extra layer of security, and is now losing ground to biometrics

Archaeologists find a face carved in stone in Kazakhstan and the discovery raises curious questions about ancient tombs, ancestors, and mysterious rituals of the Bronze Age.

Historic record of Brazil in the World Cup has just been broken and still brings an unwanted memory for Brazilians.

Without stakes, drills, or footings: a 3-story building in Taubaté draws attention for being built with styrofoam forms, a small team, six apartments, and five months of construction without a dumpster for debris.

Rapporteur of the Bill Limiting ICMS on Fuels Says Vote May Happen Next Week

Fernando Bezerra, Rapporteur of the Bill That Limits ICMS on Fuels, Believes That the Bill Could Be Voted on as Soon as Next Week

The Bill That Limits ICMS Is Quite Controversial

States Are Collecting More with ICMS in 2022

Government Seeks a Solution for Gasoline and Diesel Prices

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

China has deployed snake-shaped robots to slide along power lines, where they have already inspected over 130 kilometers of cables using cameras and sensors to detect damaged wires, worn-out parts, and overheating.

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

Better than in Brazil? Havan’s owner wants to take the chain to Paraguay and Uruguay: “I confess I had never thought about it.”

How much does a gas station owner earn? A business that seems like a money-making machine can generate R$ 1.5 million per month and still profit only R$ 40,000, while the real earnings come from convenience, car wash, and extra services.

Elderly individuals may obtain essential documents without paying fees: a project that includes CIN, CNH, CPF, and work card advances in the Chamber, eliminates issuance and renewal charges, and leaves Brazilians waiting for decisive steps to see if the benefit will actually be implemented.

Paper money is disappearing from Brazilians’ pockets, with the issuance of new banknotes dropping by 31% from 2020 to 2025, amid the explosion of Pix, which became the most frequent payment method for 46% of the population, while cash plummeted from 42% to 22%.

Owner of Tok&Stok and Mobly raises alert in retail, sees debt exceed R$ 1 billion and rushes to court to try to save stores, jobs, and essential operations

Dissatisfied with seeing women outside the major breweries, a South African revives ancestral tradition, creates a brand with African ingredients, and trains new female brewmasters.

Why the letter password marked ATMs in Brazil: technology seemed complicated, became an extra layer of security, and is now losing ground to biometrics

Archaeologists find a face carved in stone in Kazakhstan and the discovery raises curious questions about ancient tombs, ancestors, and mysterious rituals of the Bronze Age.

Historic record of Brazil in the World Cup has just been broken and still brings an unwanted memory for Brazilians.

Without stakes, drills, or footings: a 3-story building in Taubaté draws attention for being built with styrofoam forms, a small team, six apartments, and five months of construction without a dumpster for debris.