The Interest Charge Domestic International Sales Corporation (IC-DISC) provides export tax incentives resulting in permanent tax savings (39.6% of net export income). The IC-DISC was first enacted by Congress in 1971 to encourage US export trade as a measure to strengthen the economy and reduce incentives for US companies to shift manufacturing operations abroad.
IC-DISC benefits are available to qualified producers or distributors that are either directly involved in exporting or selling products to distributors or wholesalers who resell for use outside of the US Exporters.
Qualifying Businesses Include:
Manufacturers that directly export their products or that sell products that are destined for use overseas
Architectural and engineering firms whose work will be constructed abroad
Firms that grow agriculture products, extract minerals, or develop software
Pass-through entities and privately held corporations