IC-DISC

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IC-DISC

Interest Charge Domestic International Sales Corporation. An S-corporation, closely-held C-corporation or limited liability company in the United States that exports to non-U.S.-based clients. IC-DISCs are eligible for favorable tax treatment.
References in periodicals archive ?
In addition, returns for corporations designated as "former DISCs" or "former ICDISCs" were excluded.
Net income (less deficit), starting with 1985, excludes Foreign Sales Corporations (FSCs) and Interest-Charge Domestic International Sales Corporations (ICDISCs).