Brazil: Government of São Paulo releases R$600 million in ICMS credits for agribusinesses

Agribusiness received this Wednesday (24) more support from the State Government to make life easier for those who undertake, create opportunities in the countryside and boost the economy of São Paulo and Brazil. Governor Tarcísio de Freitas released R$600 million in accumulated ICMS credits to encourage agricultural machinery manufacturers and animal protein producers. The measure is part of a R$1.4 billion package in measures that the state administration will announce for agribusiness at Agrishow, in Ribeirão Preto, starting next Sunday (28). "It is up to us to create special conditions for agribusiness and to be increasingly closer to using the full potential of what is produced in São Paulo by our machinery and equipment industries. This is fundamental for small producers, who are the majority, to can also reap benefits and increase productivity provided by technology", said Tarcísio. "There are R$ 600 million in ICMS credit release. The Treasury Department is increasingly ...