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Law No. 11.159 establishing the State Policy to Support Cooperatives in the State of Rio Grande do Norte.

Country
Type of law
Legislation
Source

Abstract
This Law establishes the State Policy to Support Cooperatives, consisting of a set of guidelines and rules aimed at encouraging cooperative activity and its development in the State of Rio Grande do Norte. In order to implement the policy, the State government is responsible for: I - creating mechanisms and instruments that encourage the continuous development of cooperative activity; II - establishing financial, economic and tax incentives for the creation and strengthening of the cooperative system; III - providing educational and technical assistance to cooperatives based in the State; IV - encouraging the cooperative form of social, economic and cultural organization in the various branches of activity, based on the principles of cooperative legislation; V - encouraging study, research, technical assistance and publications for the development of cooperative societies; VI - establish appropriate tax treatment for the cooperative act; VII - offer financial incentives through ICMS percentage reductions.
Date of text
Entry into force notes
This Law enters into force on the day of its publication.
Repealed
No
Source language

English

Legislation Amendment
No
Original title
Lei Nº 11.159 - Institui a Política Estadual de Apoio ao Cooperativismo no Estado do Rio Grande do Norte.