Created by Law Nº. 8.387/1991 and regulated its article 11 through Decree Nº. 517/1992.
It has a fundamental role in the development of the state, with the objective of stimulating the economy and the generation of employment and income.
It grants tax benefits such as:
Suspension
Import Tax (Imposto de Importação – II)
Tax on Industrialized Product (Imposto sobre Produto Industrializado – IPI)
Exemption
Tax on Circulation of Goods and Services (Imposto sobre Circulação de Mercadorias e Serviços– ICMS)
Reduction
Social Integration Program and the Program for the Formation of Public Servants' Equity (Programa de Integração Social e o Programa de Formação do Patrimônio do Servidor Público - PIS/PASEP)
Contribution for the Financing of Social Security (Contribuição para o Financiamento da Seguridade Social – COFINS