On Tuesday (7), the Committee on Agriculture, Animal Industry, Supply and Rural Development approved the Bill 3826/08, proposed by Deputy Valdir Colatto (PMDB-SC), which provides for the waiving of Import Tax (II) on the purchase of agricultural machines, equipment and inputs.

That bill amends the Decree Law 37/66 and Law 8.032/90 and establishes that the amount of the tax waiver which will be generated by that measure will be included in the Union’s Budget. The rules dealing with the Import Tax list the institutions and the tax-exempt operations.

The agricultural area was already entitled to that waiver for seeds, vegetal species for planting, and reproduction animals, fertilizers and defensives used in agriculture or animal industry, and raw materials for their production in Brazil.

Revenue increase
The rapporteur, Deputy Waldemir Moka (PMDB-MS), recommended the approval of the bill, because he understands that that waiver does not affect domestic production of machines and agricultural inputs.

"Brazilian industry is already mature. In that sense, that bill is important, because it increases the income of rural producers and reduces the cost of food for the population”, said the rapporteur.

Procedure
The bill was deemed conclusive character, and will also be reviewed by the Committees on Finances and Taxation; and on the Constitution and Justice and Citizenship.

Report - Oscar Telles
Editing - Newton Araújo
Translation - Positive Idiomas Ltda