✓ verbatim from the press ? no verbatim passage
The Chamber of Deputies approved on Wednesday (27) Bill 699/2023, which establishes the Fertilizer Industry Development Program (Profert) with up to R$ 10 billion in tax incentives over five years. The bill, authored by Senator Laércio Oliveira (PP-SE) and reported by Deputy Júnior Ferrari (PSD-PA), now returns to the Federal Senate for new analysis. ✓
Press quotes (1)
"O plenário da Câmara dos Deputados aprovou nesta quarta-feira, 27, o Projeto de Lei (PL) nº 699/2023, que cria o Programa de Desenvolvimento da Indústria de Fertilizantes (Profert)"
Profert establishes a tax credit of up to 20% of production costs for fertilizer manufacturers, limited to R$ 2 billion annually between 2027 and 2031. The bill also creates mandatory mixing of national fertilizers, with a floor of 2% starting July 2027 and targets between 10% and 30% by 2037, with percentages defined by the National Council of Fertilizers and Plant Nutrition. ✓
Press quotes (1)
"Outro ponto do projeto prevê devolução de até 20% dos custos de produção na forma de crédito da CSLL, Contribuição Social sobre o Lucro Líquido, respeitando o limite de R$ 2 bilhões por ano e teto total de R$ 10 bilhões"
The measure seeks to reduce Brazilian dependence on imported fertilizers, which currently represents 85% of national consumption of 45.5 million tons annually. According to Conab data, Russia, China and Canada are the main suppliers, with a relevant part of imports passing through the strategic Strait of Hormuz. ?
Press quotes (1)
"Relatório Legislativo, Autor: Senador Eduardo Gomes (PL/TO), Data: 19/09/2023, Local: Comissão de Assuntos Econômicos. P.S 86/2023 - CAE, Autor: Comissão de Assuntos Econômicos, Senador Eduardo Gomes (PL/TO), Data: 19/09/2023, Local: Comissão de Assuntos Econômicos. Em reunião realizada nesta data, a comissão aprova o relatório do senador Eduardo Gomes, que passa a constituir o parecer da CAE, favorável ao projeto, com as Emendas nºs 1 e 2-CAE."
Approval occurred on May 27, 2026 in the Chamber of Deputies
Project establishes the Fertilizer Industry Development Program (Profert)
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (1)
There was opposition from PSOL-Rede Federation, Novo and Missão during symbolic vote
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What will be the detailed fiscal impact of Profert over the next five years?
Why it's still unknown: Sources mention the R$ 10 billion limit, but do not detail budget impact calculation methodology or legislative advisory opinion
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What were the specific terms of Amendments 1 and 2-CAE approved in the Senate?
Why it's still unknown: The Senate opinion mentions approval of amendments, but specific content was not detailed in available sources
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How will CONFERT define mandatory mixing percentages between the 2% floor and 10-30% target?
Why it's still unknown: The project delegates percentage setting to the council, but technical criteria and decision-making process were not specified