Law No. 12.120 establishing the Ecological Taxation Policy of the State of Maranhão, amending Law No. 11.815 of 26 August 2022, on the ecological criteria in the transfer of the 25% arising from the collection of ICMS to municipalities.

This Law establishes the Ecological Taxation Policy of the State of Maranhão. Its objectives are: I - stimulate ecological awareness through state taxes; II - promote the protection of the environment, in accordance with current legislation, especially Law No. 11.578 of 1 November 2021; III - assist the decarbonization of the economy, in accordance with Decree No. 37.946 of 10 October 2022. To achieve the objectives of this Law, whenever possible, the taxation policies will take into consideration criteria for preserving the environment. The Ecological Taxation Policy must be periodically evaluated to identify results, implement possible improvements and avoid socio-environmental setbacks. The periodicity of the evaluation referred to in the caput will be three years in the first cycle, and annually in subsequent cycles. Monitoring of the implementation and evaluation of the Ecological Taxation Policy will be carried out by the Maranhão Carbon Neutral State Committee - CEMACN, with support from the State Secretariat for Finance and the State Secretariat for the Environment and Natural Resources.