Brazilian committee rejects bill proposing 1% lottery revenue for retailers
Brazil’s Finance and Taxation Committee issued an unfavourable opinion on bill PL 2333/2023, which proposed allocating 1% of Caixa’s total lottery revenue to licensed retailers that sold winning bets. Rapporteur Florentino Neto said the proposal lacked an impact estimate and compensation measures and could reduce federal revenue. The bill is due to proceed to the Constitution and Justice Committee after the finance review.
The committee’s rejection creates a legislative obstacle to the proposed lottery-revenue allocation for Caixa retailers.