How does one qualify for an Interest Charge Domestic International Sales Corporation (IC-DISC)? (Only U.S.)

Interest Charge Domestic International Sales Corporation (IC-DISC) is a measure solely for U.S. companies. Export companies can qualify for this to help save on taxes. A U.S. domestic corporation must pass two main tests:

1. The qualified export receipts tests which requires that 95 percent of the gross receipts of the IC-DISC constitute qualified export receipts; and
2. The qualified export assets test which requires that 95 percent of the assets of the IC-DISC be qualified export assets.