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Introduction to IC-DISC – Last Remaining Export Tax Incentive

What is IC-DISC?

IC-DISC is an acronym for Interest Charge - Domestic International Sales Corporation. It is the last remaining export incentive available to U.S. exporters. It has been around in its current form since 1984, but did not become popular until the Jobs and Growth Tax Relief Reconciliation Act of 2003 lowered the capital gains tax rate making it much more attractive for exporters.

It is a domestic 'paper' entity that does not require employees, offices, or tangible assets. The actual entity is a C-corporation, typically incorporated in Delaware or Nevada, that elects to be treated as an IC-DISC and is governed under Internal Revenue Code

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