Representative Marussa Boldrin (Republicanos-GO) presented this Tuesday, 26, her opinion on the Complementary Law Project (PLP) nº 114/2026, which converts the extraordinary collection into a proportional reduction in federal taxes on fuels to mitigate the economic impacts resulting from the conflict in the Middle East.
The project was presented by the government leader in the Chamber, deputy Paulo Pimenta (PT-RS), and is on the House plenary voting agenda scheduled for this Tuesday, 26th. Sources, however, reported to BroadcastGrupo Estado’s real-time news system, that the project should be voted on tomorrow, the 27th. The rapporteur has already been warned by the president of the Chamber, Hugo Motta (Rep-PB), that the topic will be on the priorities of Wednesday’s agenda, according to sources.
The opinion, presented in the form of a substitute, preserves the core of the original proposition, by authorizing that revenue waivers resulting from acts of the Federal Executive Branch aimed at mitigating the economic impacts of the shock in the international energy market be compensated by extra oil revenue. But the rapporteur made some changes, such as imposing that the Union maintain the tax regime favored for biofuels, with lower taxation than fossil fuels, maintaining its competitive advantage even with the subsidy. The measure complies with Constitutional Amendment 132.
Any tax reduction on fossil fuels must be accompanied by changes to biofuels, the report predicts. The competitive difference to be preserved between fossils and biofuels is that seen before the war, according to the report.
Furthermore, the opinion removes the barrier for PIS/Cofins compensation in ethanol production, authorizing the use of credits established to offset own debts. “The proposed measure does not create an additional waiver – it only authorizes the use of legitimately established credits to offset own debts”, wrote the rapporteur. According to her, this change provides liquidity to the taxpayer, without additional budgetary impact, and mitigates the adverse cash effect that the emergency relief policy, paradoxically, imposes on the very agent that must implement it.
The text also guarantees that the subsidy will be respected and paid within a maximum period of 30 days, counting from the presentation of the respective proof.
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As already stated in the original project, the reduction in federal tax rates on the import and sale of fuels must be incorporated into the Bimonthly Primary Revenue and Expense Assessment Report. This requires the government to demonstrate the impact of the measures and compensations in the year’s Budget.
The text also defines the public revenues achieved by the definition – all linked to the oil and gas sector, namely: 1) royalties and special participation by the Union resulting from participation in the results of oil or natural gas exploration; 2) revenues from the production sharing regime; 3) tax revenues from the oil and gas sector; and 4) Union dividends received from companies in the sector.
