# Law No. 8989 of February 24, 1995 > Brazilian law **Wikidata**: [Q105647548](https://www.wikidata.org/wiki/Q105647548) **Source**: https://4ort.xyz/entity/law-no-8989-of-february-24-1995 ## Summary Law No. 8989 of February 24, 1995, is a Brazilian statute enacted during the presidency of Fernando Henrique Cardoso. It is a formal legal document that addresses specific regulatory matters, including tax exemptions, motor vehicle regulations, and legal norms related to industrialized products. The law was promulgated in Brasília and remains a key part of Brazil's federal legal framework. ## Key Facts - **Title:** Lei nº 8989, de 24 de fevereiro de 1995 - **Type:** Statute (formal written document creating law) - **Country:** Brazil - **Approved by:** Presidency of the Federative Republic of Brazil (Fernando Henrique Cardoso) - **Promulgation Date:** February 24, 1995 - **Place of Publication:** Brasília - **Language:** Brazilian Portuguese - **Legal Citation:** Lei nº 8989/1995 - **Main Subjects:** Imposto Sobre Produtos Industrializados (IPI), motor vehicles, tax exemptions, legal norms, purchasing, rights, and transfers - **LexML Brazil ID:** urn:lex:br:federal:lei:1995-02-24;8989 - **Work Available At:** [Official Text](https://www.planalto.gov.br/ccivil_03/leis/l8989.htm) - **Applies to Jurisdiction:** Brazil - **WikiProject:** WikiProject Brazilian Laws ## FAQs **What is Law No. 8989 of February 24, 1995?** Law No. 8989 of February 24, 1995, is a Brazilian federal statute that establishes legal norms related to industrialized products, motor vehicles, tax exemptions, and other regulatory matters. It was enacted during the presidency of Fernando Henrique Cardoso and remains in force as part of Brazil's legal framework. **Who approved Law No. 8989?** The law was approved by the Presidency of the Federative Republic of Brazil under President Fernando Henrique Cardoso on February 24, 1995. It was promulgated in Brasília, the capital of Brazil. **What are the main subjects covered by Law No. 8989?** The law primarily addresses the Imposto Sobre Produtos Industrializados (IPI), motor vehicles, tax exemptions, legal norms, purchasing, rights, and transfers. It provides a regulatory framework for these areas within Brazil. **Where can the full text of Law No. 8989 be found?** The full text of Law No. 8989 is available on the official Brazilian government website at [planalto.gov.br](https://www.planalto.gov.br/ccivil_03/leis/l8989.htm). It is also referenced in the LexML Brazil database under the ID urn:lex:br:federal:lei:1995-02-24;8989. **What is the significance of Law No. 8989 in Brazil's legal system?** Law No. 8989 is significant as it provides a structured legal framework for industrialized products, motor vehicles, and tax exemptions. It reflects Brazil's regulatory approach during the mid-1990s and continues to influence relevant legal and economic activities in the country. ## Why It Matters Law No. 8989 of February 24, 1995, matters because it establishes critical legal norms that govern industrialized products, motor vehicles, and tax exemptions in Brazil. As a federal statute, it provides clarity and structure to these regulatory areas, ensuring compliance and consistency in economic and legal activities. The law reflects Brazil's efforts to modernize its legal framework during the presidency of Fernando Henrique Cardoso, contributing to the country's economic stability and regulatory environment. Its continued relevance underscores the importance of well-defined legal norms in supporting industrial and commercial activities. ## Notable For - **Regulatory Framework:** Provides legal norms for industrialized products and motor vehicles in Brazil. - **Tax Exemptions:** Addresses specific tax exemptions, contributing to economic regulation. - **Presidential Approval:** Enacted under the presidency of Fernando Henrique Cardoso, a significant figure in Brazilian politics. - **Legal Citation:** Recognized as Lei nº 8989/1995 in Brazil's legal system. - **Publication:** Officially published in Brasília, the capital of Brazil. ## Body ### Overview and Context Law No. 8989 of February 24, 1995, is a Brazilian federal statute that was enacted to regulate specific legal and economic matters. The law was approved by the Presidency of the Federative Republic of Brazil under President Fernando Henrique Cardoso, who served as the President of Brazil from 1995 to 2002. The statute was promulgated in Brasília, the capital of Brazil, and is written in Brazilian Portuguese. ### Main Subjects and Provisions The law primarily addresses several key areas: - **Imposto Sobre Produtos Industrializados (IPI):** This is a tax on industrialized products in Brazil. The law provides regulations and norms related to this tax, ensuring compliance and proper implementation. - **Motor Vehicles:** The statute includes provisions related to motor vehicles, addressing their use, acquisition, and regulatory aspects. - **Tax Exemptions:** Law No. 8989 outlines specific conditions and criteria for tax exemptions, which are crucial for economic activities and compliance. - **Legal Norms:** The law establishes legal norms that govern various aspects of industrialized products and motor vehicles, providing a structured framework for these areas. - **Purchasing and Rights:** The statute also covers regulations related to purchasing processes and the rights associated with these transactions. - **Transfers and Hypotheses:** The law includes provisions for transfers and hypotheses, ensuring that these processes are conducted in accordance with legal standards. ### Legal and Administrative Details - **Legal Citation:** The law is officially cited as Lei nº 8989/1995, which is the standard format for referencing Brazilian laws. - **LexML Brazil ID:** The law is referenced in the LexML Brazil database under the ID urn:lex:br:federal:lei:1995-02-24;8989, which is a unique identifier for legal documents in Brazil. - **Publication Date:** The law was published on February 24, 1995, and remains in force as part of Brazil's legal framework. - **Applies to Jurisdiction:** The law applies to the entire jurisdiction of Brazil, ensuring that its provisions are enforced nationwide. ### Access and References The full text of Law No. 8989 is available on the official Brazilian government website at [planalto.gov.br](https://www.planalto.gov.br/ccivil_03/leis/l8989.htm). This accessibility ensures that the public, legal professionals, and businesses can refer to the law for compliance and legal purposes. The law is also part of the WikiProject Brazilian Laws, which aims to document and organize information about Brazilian legislation. ### Significance and Impact Law No. 8989 of February 24, 1995, plays a crucial role in Brazil's legal and economic landscape. By providing a structured framework for industrialized products, motor vehicles, and tax exemptions, the law ensures that these areas are regulated in a consistent and transparent manner. This regulatory clarity is essential for businesses, legal professionals, and the general public, contributing to economic stability and legal compliance in Brazil. The law's continued relevance underscores its importance in supporting industrial and commercial activities in the country. ## References 1. [Source](https://www.lexml.gov.br/urn/urn:lex:br:federal:lei:1995-02-24;8989) 2. [Source](https://legislacao.presidencia.gov.br/atos?tipo=LEI&numero=8989&ano=1995&data=24/02/1995&ato=0f4AzYE5UeJpWT9cc)