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Brazil House Likely to Vote ICMS Tax Bill Tomorrow: Rapporteur

May 24, 2022, 10:08 PM

Bill establishing a 17% ceiling for ICMS tax on products such as fuel and electricity shall be voted on Wednesday, the proposal’s rapporteur in the Lower House, lawmaker Elmar Nascimento, said in an interview.

  • House of Representatives speaker Arthur Lira had said the vote would be held this Tuesday
  • Report hasn’t been presented yet because the rapporteur is still discussing possible changes to the original text with States and Govt
  • Lawmaker Danilo Forte, author of the proposal, said earlier that, the project’s approval and application could reduce gasoline prices from 9% to 12%; 10% reduction for ethanol and 11% in ...