The government wants to create a Fiscal Equilibrium Fund.
Submitted to the Legislative Assembly (ALE) for consideration, the bill aims to ensure the maintenance of balanced state public finances; the fund will be constituted with resources from deposits made by taxpayers who have tax, financial-tax, financial incentives or benefits and/or assessment regimes that result in a reduction in the value of the Tax on the Circulation of Goods and Services (ICMS).
Alagoas 247 - A bill published in the Official Gazette this Monday (20) aims to establish the Fiscal Equilibrium Fund of the State of Alagoas (Fefal). Submitted for approval by the Legislative Assembly of Alagoas (ALE), the initiative aims to enable the maintenance of the balance of state public finances.
According to the project, the fund will be constituted with resources from deposits made by taxpayers who have tax, financial-tax, financial incentives or benefits and/or assessment regimes that result in a reduction in the value of the Tax on the Circulation of Goods and Services (ICMS).
Furthermore, the resources resulting from the financial investment of these deposits would also constitute Fefal. If the law is approved, an executive decree must still stipulate the operation, organization, oversight, and control, as well as the criteria for allocating these resources.
The enjoyment of tax incentives is conditional upon beneficiaries depositing into the fund an amount equivalent to 10% of the respective benefit, as stipulated in the Government decree. The projected amount must be calculated monthly and deposited within the timeframe established by state legislation.
Failure to make the deposit for three months, consecutive or not, would result in the definitive loss of the respective incentives. The publication in the Official Gazette is signed by the Manager of Documentation and Publication of Government Acts, José Roberto Santos Wanderley.
The bill still needs to be voted on by the State Legislative Assembly.
With gazetaweb.com