Brazil House to Vote on Bill to Cap Fuel State Tax: Speaker

Lower house is scheduled a Tuesday vote on a bill to deem fuel, electricity, telecommunications and transport services as essential, speaker Arthur Lira said on Twitter on Thursday.

• If the proposal is approved, the maximum ICMS tax rate for these items will be set at 17%
• On Wednesday, the Lower House speaker had met with Mines and Energy minister Adolfo Sachsida to demand a reduction in power bills
• NOTE: Brazil Govt to Discuss W/ Distributors Reducing Power Bill: Lira

Original Story:

Lira: Câmara vota 3ªf alíquota máxima ICMS de 17% p/ combustível

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