Excluded Export Property Law and Legal Definition
According to 26 USCS § 993 Title 26. Internal Revenue Code; Subtitle A. Income Taxes; Chapter 1. Normal Taxes And Surtaxes; Subchapter N. Tax Based On Income From Sources Within or Without the United States; Part IV. Domestic International Sales Corporations; Subpart A. Treatment of Qualifying Corporations], excluded export property include--
“(A) property leased or rented by a DISC for use by any member of a controlled group which includes the DISC,
(B) patents, inventions, models, designs, formulas, or processes, whether or not patented, copyrights (other than films, tapes, records, or similar reproductions, for commercial or home use), good will, trademarks, trade brands, franchises, or other like property,
(C) products of a character with respect to which a deduction for depletion is allowable (including oil, gas, coal, or uranium products) under 26 USCS § 613 or 613A,
(D) products the export of which is prohibited or curtailed under section 7(a) of the Export Administration Act of 1979 [50 USCS § Appx 2406(a)] to effectuate the policy set forth in paragraph (2)(C) of section 3 of such Act [50 USCS § Appx 2402] (relating to the protection of the domestic economy), or
(E) any unprocessed timber which is a softwood.