The Chamber of Deputies approved this Monday (12) the urgency regime for the Complementary Bill (PLP) 108/24, which creates the Goods and Services Tax Management Committee (CG-IBS). The agency will be responsible for administering the IBS, a state tax to be created by the tax reform to replace the ICMS (state) and the ISS (municipal). 
The main text is expected to be voted on this Tuesday. The proposal is the second text regulating the tax reform. The first regulatory project for the tax reform (PLP 68/24), which regulates the IBS and the Social Contribution on Goods and Services (CBS), was approved by the Chamber in July and is now awaiting analysis by the Senate.
The IBS Management Committee will bring together representatives from all federated entities to coordinate the collection, monitoring, charging and distribution of this tax to the federated entities, develop the methodology and calculation of the rate; among other attributions.
According to the text, the CG-IBS will be a public entity under a special regime, with budgetary, technical and financial independence, without ties to any other public body.
Green Hydrogen
Lawmakers also approved Bill 3027/24, which establishes rules for the Low-Carbon Hydrogen Development Program. The topic was vetoed by the president Luiz Inácio Lula da Silva when he sanctioned the regulatory framework project of low-carbon hydrogen. The matter will be sent to the Senate.
According to the text, the total tax credit that can be granted from 2028 to 2032 remains at R$18.3 billion in total, with annual limits. The incentives would start at R$1.7 billion in 2028, with gradual growth each year, until reaching R$5 billion in 2032.
With the new project, the objectives are redefined, foreseeing the establishment of objective goals to develop the domestic market for low-carbon hydrogen.
*With information from the Chamber of Deputies News Agency
