Interest-Charge Domestic International Sales Corporations, Tax Year 2008.
Interest-Charge Domestic International Sales Corporations (IC-DISCs) are domestic corporations formed for the purpose of providing limited incentives to small exporters of U.S. products and certain services. There were 1,917 active IC-DISC returns filed for Tax Year 2008, an increase from the 1,209 filed for 2006, the most recent year for which data are available. (1) The increase in the number of IC-DISC returns filed reflected an expansion of IC-DISC economic activity. IC-DISC export gross receipts, one measure of overall IC-DISC export activity, increased by 89 percent from $19,286 million for Tax Year 2006 to $36,528 million for Tax Year 2008 (Figure A). (2) Net income (less deficit) rose from $1,731 million for Tax Year 2006 to $3,168 million for Tax Year 2008. Finally, actual distributions to IC-DISC shareholders increased 67 percent, from $1,805 million for Tax Year 2006 to $3,013 million for Tax Year 2008.Background and Current Law
The IC-DISC entity was created by the Deficit Reduction Act of 1984 as a replacement for the Domestic International Sales Corporation (DISC). (3) To become an IC-DISC, a corporation must be organized under the laws of a State or the District of Columbia. Parent shareholders--generally, other corporations, individuals, partnerships, trusts, or estates--form the IC-DISC entity by filing Form 4876-A, Election To Be Treated as an Interest-Charge DISC. This election is considered to be in effect as long as the IC-DISC meets the following requirements: (1) at least 95 percent of the IC-DISC's total receipts are "qualified export receipts" and (2) at least 95 percent of the adjusted basis of the IC-DISC's total assets are "qualified assets." 4 Qualified export receipts arise from the sale or exchange of qualified export property by an IC-DISC. In general, export property is property made, grown, or extracted in the United States, by an entity other than an IC-DISC, for direct use or disposition outside the United States. In addition, qualified export receipts can be divided into two categories: receipts from the sale of export property and other qualified export receipts, which include payment for certain services provided by the IC-DISC, as well as certain types of passive income (e.g., qualified dividends, interest, and capital gains).
An IC-DISC is required to have only one class of stock, conform its tax year to that of the principal shareholder, and maintain separate books and records. For Tax Year 2008, 86.1 percent of IC-DISCs were majority-owned by individuals, partnerships, trusts, estates, or S corporations; 11.7 percent were majority-owned by other corporations; and the remaining 2.2 percent reported no majority owner (Figure B).
By design, an IC-DISC provides a "tax-deferral" benefit to shareholders. No U.S. tax is imposed on certain types of IC-DISC income, i.e., payment of income tax is "deferred," until the income is either actually distributed or "deemed" distributed to shareholders. The IC-DISC entity is not taxed. IC-DISC taxable income that does not qualify for tax-deferral is deemed distributed to shareholders as a taxable dividend in the tax year in which it is earned, regardless of whether the income is actually distributed to shareholders or retained by the IC-DISC. In addition, a producer's loan may be made from the IC-DISC's accumulated tax-deferred income to its parent shareholders, in order to provide additional capital to the shareholders. (5)
An IC-DISC is required to: (1) calculate the tax-deferred portion of its "taxable income" each year; (2) accumulate tax-deferred income for the current tax year and prior tax years in a separate account; and (3) report the total accumulated amount of tax-deferred income to its shareholders each year. (In Figure A, the sum of these accounts is the difference between Total assets and Total liabilities; they comprise the total shareholder's equity of IC-DISCs). IC-DISC shareholders must pay an interest charge on their share of IC-DISC-related deferred tax liability. This interest charge is determined using a compounded annual rate of interest equivalent to the average investment yield of U.S. Treasury bills with 52-week maturities. (6)
Types of income not eligible for tax deferral include: taxable income derived from "excess qualified export receipts"; certain gains from the sale or exchange of assets; one-half of IC-DISC taxable income attributable to the sale or exchange of military property; "international boycott income"; illegal bribes and kickbacks; and foreign investment attributable to "producer's loans." "Excess" qualified export receipts are certain "export gross receipts" in excess of $10 million, a limitation intended to restrict IC-DISC activity to smaller businesses. For example, if the total of certain export gross receipts is greater than $10 million for the tax year, taxable income derived from export gross receipts above this amount (e.g., "excess" qualified export receipts) is not eligible for deferral and is deemed distributed to shareholders.
IC-DISC Receipts, Taxable Income, Excess Qualified Export Receipts, Deemed Distributions, and Actual Distributions to Shareholders for Tax Year 2008
IC-DISCs reported $4,780 million of gross income for Tax Year 2008. Of this amount, $4,552 million (95 percent) was attributable to qualified export receipts. Most transactions generating qualified export receipts for Tax Year 2008 involved direct foreign sales to unrelated purchasers. The balance ($182 million) of qualified export receipts was from other qualified export receipts. Interest on "producer's loans" accounted for $11 million of this amount.
After subtracting the cost of sales and operations ($1,320 million), total export promotion and other expenses ($293 million), the net operating loss deduction ($2 million), and the dividends received deduction ($0.1 million), IC-DISCs reported $3,165 million of taxable income. For Tax Year 2008, $1,932 million of taxable income was attributable to excess qualified export receipts and $1,811 million was deemed distributed. (Deemed distributions were also subject to certain limitations that are beyond the scope of this article.) (7)
After the subtraction of "deemed" and actual distributions (if any) to IC-DISC shareholders, the income remaining is considered to be tax deferred and is reported to shareholders on Schedule K, Shareholder 's Statement of IC-DISC Distributions. Actual distributions to shareholders were $3,031 million for Tax Year 2008, while tax-deferred IC-DISC income reported to shareholders was $537 million (Figure A).
Data by Size of IC-DISC Export Gross Receipts for Tax Year 2008
Table 1 presents selected Tax Year 2008 IC-DISC statistics, classified by size of IC-DISC export gross receipts. (8) IC-DISC export gross receipts are a useful classifier for these statistics, because such receipts are the most complete measure of the total value of goods and services exported through use of the IC-DISC mechanism. Total assets, which traditionally are used as one classifier for corporation returns by the Statistics of Income (SOI) Division of IRS, are not as good a measure of economic activity by IC-DISC returns, because the IC-DISC entity does not produce goods or services; the IC-DISC is solely an export mechanism for its shareholders. Hence, most IC-DISCs do not carry substantial inventories as assets on their balance sheets or report substantial assets associated with production of goods and services.
Table 1 shows that Tax Year 2008 IC-DISCs reported a wide range of export gross receipts. Certain returns showed zero export gross receipts--these returns were considered "active" returns because these IC-DISCs reported at least one item of deduction(s) or distribution(s). Other returns reported export gross receipts of more than $100 million, even though the IC-DISC tax deferral mechanism is limited by law to the first $10 million of export gross receipts. For Tax Year 2008, the largest number of IC-DISC returns reporting export gross receipts fell into the $0 through $ 1 million export gross receipts classification, while for Tax Year 2006, the largest number of IC-DISC returns was grouped into the $1 million through $3 million export gross receipts classification.
As expected, returns reporting export gross receipts more than $100 million dominated the statistics shown in Table 1 for Tax Year 2008. Current year tax-deferred income reported to shareholders is the only consistent item where IC-DISC returns not classified in this grouping did not dominate the Tax Year 2008 statistics. Current-year tax-deferred IC-DISC income reported to shareholders does capture previous tax year income(s) for a given IC-DISC, hence it is not necessarily dependent on current-year export gross receipts. (9)
Distribution of IC-DISCs by Selected Major Product or Service Group for Tax Year 2008
Table 3 presents detailed Tax Year 2008 statistics, such as IC-DISC assets, receipts (including total export gross receipts of IC-DISCs and related U.S. persons), deductions, income, distributions, and total qualified export receipts, and nonqualified receipts, classified by selected major and minor product or service group. The selected minor product or service groupings in Table 3 show which specific minor products and services groupings comprise each major product or service group. For Tax Year 2008, almost 88 percent of all active IC-DISC returns reported the export of manufactured products as their major product or service, a proportion which was comparable to the figures for Tax Years 2005 and 2006. The two most frequently reported major product groups were machinery (other than electrical and electronics) and electrical and electronic machinery, equipment, and supplies, which together comprised slightly more than 27 percent of all active IC-DISC returns for Tax Year 2008. Combined, these two major product groups were responsible for 20 percent of total qualified export receipts and nonqualified receipts, 20 percent of taxable income, and 14 percent of taxable income attributable to excess qualified export receipts.
Other predominant major product groups included fabricated metal products, except ordnance, machinery, and transportation equipment; chemicals and allied products; primary and secondary nonfabricated metal products; and transportation equipment. Although only 8 percent of all active IC-DISCs for Tax Year 2008 reported chemicals and allied products as their major export, these IC-DISCs were responsible for 15 percent of current-year total export gross receipts of IC-DISCs, 19 percent of taxable income, and 26 percent of taxable income attributable to excess qualified export receipts. Further, more than 26 percent of total "deemed" distributions and 19 percent of actual distributions were accounted for by IC-DISCs in the chemicals and allied products industry.
For Tax Year 2008, 12 percent of active IC-DISCs (231 returns) reported the export of nonmanufactured products and services. Returns with computer software as their major export reported 5 percent of total qualified and nonqualified export receipts ($255 million); 8 percent of taxable income ($250 million); 12 percent of taxable income attributable to excess qualified export receipts ($227 million); 13 percent of total amounts deemed distributed ($226 million); and 8 percent of actual distributions to shareholders ($242 million).
Figure C presents distributions of active IC-DISCs by selected major product or service group for the past 6 IC-DISC studies, spanning 12 tax years between 1996 and 2008. Approximately 90 percent of IC-DISC returns reported the export of manufactured products as their major product or service for tax years prior to 2008, a proportion similar to that in Tax Year 2008. In addition, the two most frequently reported major product groups over the period were machinery (other than electrical and electronics) and electrical and electronic machinery, equipment, and supplies; these are the same two most frequently reported major product groups for 2008.
Summary
There were 1,917 active IC-DISC returns filed for Tax Year 2008. IC-DISC export gross receipts, one measure of overall IC-DISC export activity, increased by 89 percent from $19,286 million for Tax Year 2006 to $36,528 million for Tax Year 2008. Net income (less deficit) rose from $1,731 million for Tax Year 2006 to $3,168 million for Tax Year 2008. Finally, actual distributions to IC-DISC shareholders increased 67 percent, from $1,805 million for Tax Year 2006 to $3,013 million for Tax Year 2008.
Explanation of Selected Terms
Actual distributions to shareholders--Distributions from IC-DISC "earnings and profits" actually paid to shareholders of the IC-DISC.
Adjusted IC-DISC income subject to deferral computation--IC-DISC taxable income after subtracting certain amounts not eligible for tax deferral (e.g., amounts deemed distributed). For Tax Year 2008, adjusted IC-DISC income subject to the tax-deferral computation equaled IC-DISC taxable income minus the sum of: (1) gross interest from "producer's loans;"(2) certain gains from the sale or exchange of assets; (3) one-half of IC-DISC taxable income attributable to military property; and (4) IC-DISC taxable income attributable to "export gross receipts" in excess of $10 million.
Amounts deemed distributed--The portion of the IC-DISC's "earnings and profits" that was not eligible for tax-deferral and, hence, was characterized as a fully taxable dividend to IC-DISC shareholder(s). For Tax Year 2008, amounts deemed distributed equaled the sum of: (1) gross interest from "producer's loans"; (2) certain gains from the sale or exchange of assets; (3) one-half of IC-DISC taxable income attributable to military property; (4) IC-DISC taxable income attributable to "export gross receipts" in excess of $10 million; (5) international boycott income; (6) illegal bribes and kickbacks; and (7) the amount of foreign investment attributable to producer's loans. In addition, for all shareholders that were C corporations, one-seventeenth of adjusted IC-DISC income subject to deferral was to be reported as a deemed distribution. (10)
Current-year tax-deferred income--IC-DISC taxable income after all current year taxable income amounts deemed distributed under Internal Revenue Code section 995(b)(1) were subtracted.
Export gross receipts--Export gross receipts of the IC-DISC represented "qualified export receipts" from: (1) the sale, lease, or rental of export property; (2) services related and subsidiary to any qualified sale, lease, or rental of export property; (3) engineering or architectural services for construction projects located outside of the United States; and (4) export management services provided to other unrelated IC-DISCs to aid in promoting qualified export receipts. For IC-DISCs that acted as commission agents, export gross receipts included total receipts on which the commission was earned, as well as the commission. Export gross receipts did not include passive income (dividends, interest, or capital or ordinary gains on sale of business property) received by IC-DISCs.
Export promotion expenses--Expenses (excluding income taxes) incurred by an IC-DISC to advance the sale, lease, or other distribution of export property for use, consumption, or distribution outside the United States.
Export property--Export property was inventory and property held for sale or lease which: (1) had been made, manufactured, produced, grown, or extracted in the United States by a "person" other than an IC-DISC; (2) was held primarily for sale or lease in the ordinary course of business for direct use, consumption, or disposition outside the United States; and (3) had, at the time of sale or lease by the IC-DISC, not more than 50 percent of its fair market value attributable to imported articles.
IC-DISC gross income--The sum of qualified and nonqualified receipts.
IC-DISC taxable income--IC-DISC net income minus statutory special deductions (i.e., the "net operating loss deduction" and the dividends-received deduction). IC-DISC taxable income was computed to determine: (1) the IC-DISC's "earnings and profits" considered "deemed distributed" to IC-DISC shareholders for the current tax year; and (2) the interest charge on tax that would have been imposed on IC-DISC income had it not been subject to deferral.
Producer's loans--This qualified asset generally consisted of loans made from the IC-DISC's accumulated tax-deferred income to its parent company or any other U.S. person engaged in manufacturing, producing, growing, or extracting export property. A producer's loan must have been designated as such, have been evidenced by a note, have had a stated maturity not to exceed 5 years, and have been attributed to assets used in export production. If a producer's loan was renewed, it had to be requalified at the time of renewal. A producer's loan did not have to be traced to a specific investment by the domestic borrower, but was subject to certain limitations to assure it did not exceed the investment in assets that could have been attributable to production for export.
Qualified assets--Qualified export assets included: (1) export property; (2) assets used in performing engineering or architectural services; (3) accounts receivable attributable to export transactions; (4) working capital; (5) producer's loan obligations; (6) certain stocks or securities held by the IC-DISC; (7) certain obligations issued or insured by the U.S. Export-Import Bank or the Foreign Credit Insurance Association; and (8) certain other deposits.
Qualified export receipts--See export gross receipts.
Related U.S. persons--IC-DISC related U.S. persons were: (1) individuals who were citizens or residents of the United States and controlled the IC-DISC; (2) domestic partnerships, estates, or trusts that controlled the IC-DISC; (3) domestic corporations that controlled the IC-DISC; and (4) domestic corporations that were controlled by the same person(s) that controlled the IC-DISC. Control meant direct or indirect ownership of more than 50 percent of the voting power of the stock entitled to vote in an IC-DISC or other domestic corporation. Under the stock attribution rules of the Internal Revenue Code section 267(c), stock held by related family members is considered to be held as if the family is one shareholder.
Tax-deferred IC-DISC income reported to shareholders--This amount was reported on Form 1120-IC-DISC, Schedule K, Shareholders Statement of IC-DISC Distributions. An interest charge on the tax that would otherwise have been paid currently on this income amount was computed by IC-DISC shareholders on Form 8404, Computation of Interest Charge on DISC-Related Deferred Tax Liability.
Total qualified export receipts and nonqualified receipts--This sum was used as the starting point for the computation of the IC-DISCs net and taxable incomes. For IC-DISCs that acted as commission agents, total qualified export receipts and nonqualified receipts excluded the total receipts upon which the commission was earned and therefore represent only the commission amounts. Total qualified export receipts and nonqualified receipts included passive income (dividends, interest, capital or ordinary gains) amounts received by IC-DISCs. IC-DISC passive income amounts may be characterized as either qualified export receipts or nonqualified gross receipts.
Data Sources and Limitations
The Tax Year 2008 statistics in this article were compiled from Form 1120 IC-DISC returns with accounting periods ending between July 2007 and June 2008. Tax Year 2008 returns would have been filed during Calendar Years 2007, 2008, and 2009. The data presented excluded "inactive" IC-DISC returns. An IC-DISC was considered to be inactive if no receipts, deductions, income, or distributions were reported on the return. In addition, returns for corporations designated as "former DISCs" or "former ICDISCs" were excluded. Such corporations were those that had been disqualified as a DISC or an IC-DISC for a tax year prior to the Tax Year 2008 study. These disqualified DISC or IC-DISC entities were generally required to distribute any undistributed income that was previously taxed or accumulated DISC or IC-DISC income as a section 995(b)(2) distribution during a 10-year period.
The Tax Year 2008 IC-DISC study was designed to include the entire population of IC-DISC returns; however, certain returns (for example, late filed returns with extensions) were unavailable for the statistics. The complete 2008 study file included 2,100 returns: 1,917 returns were included in the statistics, while 183 returns were inactive. With regard to nonsampling error, some data were inconsistently reported by taxpayers. Where possible, such inconsistencies were resolved to reflect provisions of the Internal Revenue Code and taxpayer intentions.
The products and services classification system used in the 2008 IC-DISC study was generally based on Internal Revenue Service instructions provided to the taxpayer for completion of Schedule N, Export Gross Receipts of the IC-DISC and Related U.S. Persons. Products and services reported by a taxpayer on each specific return were reviewed for consistency with product information provided in supporting schedules and other taxpayer attachments and with the principal business activity described on the return. For example, a return was reviewed if the taxpayer indicated engineering services on Schedule N, despite the absence of any "engineering and architectural services income" on Schedule B, Gross Income. In addition, products and services reported by taxpayers on specific returns were reviewed for consistency with the major products and services group classification. Certain business activities, such as manufacturing, were not applicable to an IC-DISC. Therefore, an IC-DISC return reporting the manufacture of farm machinery equipment as the principal business activity would have been reviewed to ascertain if a more appropriate principal business activity was the wholesaling of farm machinery and equipment.
For purposes of this article, data classified by product or service were compiled using the IC-DISC's largest grossing export product (in terms of gross receipts), without regard to any entry for the IC-DISC's second largest product or service reported on the Schedule N. To this extent, the industry statistics contained in this data release may be slightly overstated for certain industries and slightly understated for others.
(1) For additional information about IC-DISCs for Tax Years 1996, 2000, 2004, 2005, and 2006 see Belmonte, Cynthia, "Interest-Charge Domestic International Sales Corporations, 1996," Statistics of Income Bulletin, Fall 2000, Volume 20, Number 2; Belmonte, Cynthia, "Interest-Charge Domestic International Sales Corporations, 2000," Statistics of Income Bulletin, Spring 2004, Volume 23, Number 4; and Holik, Daniel, "Interest-Charge Domestic International Sales Corporations, Tax Years 2004, 2005, and 2006," Statistics of Income Bulletin, Winter 2010, Volume 29, Number 3. An "active" IC-DISC return is a return that has item(s) of income, deductions, and/or distributions.
(2) All statistics in this article are in current dollars.
(3) The creation of the IC-DISC entity was a culmination of the extensive discussions, both within the United States and between the United States and its trading partners, over the nature, form, and scope of export preferences incorporated within the Internal Revenue Code.
(4) An IC-DISC that does not meet the gross receipts test during the tax year will still be considered to have qualified if, at the end of the tax year, the IC-DISC distributes the portion of its taxable income attributable to gross receipts that are not qualified export gross receipts. Similarly, an IC- DISC that does not meet the qualified export asset test during the tax year will still be considered to have qualified if, at the end of the tax year, it makes a distribution equal to the fair market value amount of the nonqualified assets.
(5) See the Explanation of Selected Terms section for additional information about producer's loans.
(6) The interest charge is computed by IC-DISC shareholders on Form 8404, Computation of Interest Charge on DISC- Related Deferred Tax Liability. For example, for Tax Year 2008, the interest-charge to an IC-DISC shareholder filing a full calendar-year return was calculated using an interest charge of approximately 2.5 percent. (See Form 8404 for Tax Year 2008, page 2, instructions for Line 8.)
(7) Amounts deemed distributed shown in Figure A and Tables 1 through 3 include amounts deemed distributed under Internal Revenue Code sections 995 (b) (1) (from current-year taxable income) and 995 (b) (2) (generally from prior-year taxable income). In general, these deemed distributions included income amounts not eligible for tax deferral and distributions from IC-DISCs that had not qualified or revoked their election.
(8) The statistics presented in Table 1 are classified by amounts shown in column (12) divided by the number of returns shown in column (1).
(9) The computation of current-year tax-deferred income reported to shareholders is complex and generally depends upon the IC-DISC's current-year taxable income, previous tax year's accumulated IC-DISC income, and current-year actual distributions to shareholders. A more complete description of the computations is beyond the scope of this article.
(10) See Internal Revenue Code section 995(b) for additional information regarding deemed distributions.
Daniel S. Holik is an economist with the Special Studies Returns Analysis Section. This article was written under the direction of Chris Carson, Chief.
Table 1. Active Interest-Charge Domestic International Sales Corporation Returns: Assets, Receipts, Deductions, Income, and Total Export Gross Receipts of IC-DISCs and Related U.S. Persons, By Size of IC-DISC's Export Gross Receipts, Tax Year 2008 [Money amounts in thousands of dollars] Size of IC-DISCs export Number gross receipts [1] of returns Total assets (1) (2) All returns 1,917 1,322,115 Zero through $1,000,000 377 114,662 $1,000,001 through $3,000,000 345 119,330 $3,000,001 through $5,000,000 214 81,527 $5,000,001 through $7,000,000 175 80,687 $7,000,001 through $10,000,000 196 151,925 $10,000,001 through $15,000,000 137 73,644 $15,000,001 through $20,000,000 104 73,375 $20,000,001 through $30,000,000 129 122,867 $30,000,001 through $50,000,000 108 112,454 $50,000,001 through $100,000,000 75 147,012 Greater than or equal to $100,000,001 57 244,633 Taxable Income Total qualified export receipts Total and Size of IC-DISCs export nonqualified gross receipts [1] receipts (3) (4) All returns 4,779,779 3,165,263 Zero through $1,000,000 52,825 31,758 $1,000,001 through $3,000,000 170,030 89,310 $3,000,001 through $5,000,000 163,465 90,092 $5,000,001 through $7,000,000 148,073 94,085 $7,000,001 through $10,000,000 341,002 170,082 $10,000,001 through $15,000,000 235,716 145,735 $15,000,001 through $20,000,000 214,702 150,901 $20,000,001 through $30,000,000 383,402 234,596 $30,000,001 through $50,000,000 526,778 339,497 $50,000,001 through $100,000,000 754,379 447,149 Greater than or equal to $100,000,001 1,789,406 1,372,057 Taxable Income Selected independent computations of taxable income Portion Adjusted attributable IC-DISC to excess income subject Size of IC-DISCs export qualified to deferral gross receipts [1] export computation receipts [2] (5) (6) All returns 1,932,075 1,240,909 Zero through $1,000,000 531 30,367 $1,000,001 through $3,000,000 1,740 87,235 $3,000,001 through $5,000,000 2,042 87,356 $5,000,001 through $7,000,000 2,751 91,071 $7,000,001 through $10,000,000 10,011 159,291 $10,000,001 through $15,000,000 31,501 115,347 $15,000,001 through $20,000,000 48,308 99,175 $20,000,001 through $30,000,000 107,784 127,152 $30,000,001 through $50,000,000 198,952 140,522 $50,000,001 through $100,000,000 327,725 118,419 Greater than or equal to $100,000,001 1,200,730 184,974 Taxable Income Selected independent computations of taxable income Current-year Total Size of IC-DISCs export tax-deferred amount gross receipts [1] income [2] deemed distributed (7) (8) All returns 1,362,795 1,810,352 Zero through $1,000,000 30,335 2,685 $1,000,001 through $3,000,000 87,059 3,313 $3,000,001 through $5,000,000 88,041 2,255 $5,000,001 through $7,000,000 90,794 3,738 $7,000,001 through $10,000,000 160,297 12,798 $10,000,001 through $15,000,000 118,915 26,870 $15,000,001 through $20,000,000 100,996 49,905 $20,000,001 through $30,000,000 132,466 103,977 $30,000,001 through $50,000,000 153,675 185,822 $50,000,001 through $100,000,000 136,822 310,326 Greater than or equal to $100,000,001 263,393 1,108,664 Tax-deferred Size of IC-DISCs export IC-DISC income Actual gross receipts [1] reported to distributions shareholders to shareholders (9) (10) All returns 536,629 3,013,084 Zero through $1,000,000 82,486 79,656 $1,000,001 through $3,000,000 71,432 86,610 $3,000,001 through $5,000,000 48,694 80,394 $5,000,001 through $7,000,000 36,135 83,497 $7,000,001 through $10,000,000 83,450 141,715 $10,000,001 through $15,000,000 37,772 137,855 $15,000,001 through $20,000,000 31,101 143,248 $20,000,001 through $30,000,000 85,749 236,986 $30,000,001 through $50,000,000 18,568 335,323 $50,000,001 through $100,000,000 21,862 409,448 Greater than or equal to $100,000,001 19,380 1,278,351 Total current-year export Size of IC-DISCs export gross receipts and IC-DISCs gross receipts [1] Total IC-DISCs IC-DISCs (11) (12) All returns 38,209,118 36,527,683 Zero through $1,000,000 128,848 108,693 $1,000,001 through $3,000,000 700,872 668,197 $3,000,001 through $5,000,000 837,086 837,086 $5,000,001 through $7,000,000 1,056,383 1,050,320 $7,000,001 through $10,000,000 2,091,420 1,692,724 $10,000,001 through $15,000,000 1,702,894 1,691,206 $15,000,001 through $20,000,000 1,792,168 1,792,168 $20,000,001 through $30,000,000 3,472,931 3,128,563 $30,000,001 through $50,000,000 4,461,925 4,187,373 $50,000,001 through $100,000,000 5,186,882 5,186,882 Greater than or equal to $100,000,001 16,777,710 16,184,470 [1] The statistics presented in Table 1 are classified by amounts shown in column (12) divided by the number of returns in column (1). [2] Item restricted to non-negative amounts during table processing. NOTE: Detail may not add to totals because of rounding. Table 2. Active Interest-Charge Domestic International Sales Corporation Returns: Assets, Receipts, Deductions, Income, and Total Export Gross Receipts of IC-DISCs and Related U.S. Persons, by Selected Major Product or Service Group, Tax Year 2008 [Money amounts in thousands of dollars] Assets Number Selected major of returns Total [1] product or service (1) (2) All industries 1,917 1,322,115 Nonmanufactured products and services 231 169,851 Manufactured products 1,686 1,152,265 Ordinance and accessories 6 1,690 Food and kindred products 115 110,247 Textile mill products 16 7,428 Apparel and other finished goods 13 1,431 Lumber and wood products 62 42,720 Furniture and fixtures 17 5,111 Paper and allied products 49 44,295 Printing, publishing and allied products 22 10,978 Chemicals and allied products 154 171,489 Petroleum refining and related products 11 1,649 Rubber and miscellaneous plastic products 41 8,224 Leather and leather products 4 2,822 Stone, clay, glass and concrete products 12 5,132 Primary metal products 130 47,531 Fabricated metal products 186 57,775 Machinery, other than electrical 333 143,612 Electrical machinery, equipment and supplies 190 197,697 Transportation equipment 130 117,547 Professional, scientific, and controlling instruments 122 116,552 Miscellaneous manufactured products 73 58,334 Assets Qualified assets Selected major Export product or service Total property (3) (4) All industries 1,311,482 88,875 Nonmanufactured products and services 169,849 9,620 Manufactured products 1,141,633 79,255 Ordinance and accessories 1,690 0 Food and kindred products 110,235 16,448 Textile mill products 7,428 d Apparel and other finished goods 1,431 0 Lumber and wood products 42,085 2,902 Furniture and fixtures 5,111 0 Paper and allied products 44,261 0 Printing, publishing and allied products 10,978 d Chemicals and allied products 171,024 3,312 Petroleum refining and related products 1,649 0 Rubber and miscellaneous plastic products 8,224 0 Leather and leather products 2,822 0 Stone, clay, glass and concrete products 5,110 0 Primary metal products 45,686 0 Fabricated metal products 57,775 3,642 Machinery, other than electrical 137,250 3,247 Electrical machinery, equipment and supplies 197,697 22,029 Transportation equipment 116,295 20,730 Professional, scientific, and controlling instruments 116,548 4,042 Miscellaneous manufactured products 58,334 d Export receipts Total qualified export receipts Total and Selected major liabilities nonqualified product or service [2] receipts [1] (5) (6) All industries 257,257 4,779,779 Nonmanufactured products and services 12,937 759,342 Manufactured products 244,321 4,020,436 Ordinance and accessories d 2,875 Food and kindred products 62,841 741,827 Textile mill products 606 11,836 Apparel and other finished goods 149 8,691 Lumber and wood products 4,733 87,204 Furniture and fixtures d 16,839 Paper and allied products 8,348 112,911 Printing, publishing and allied products 1,734 32,529 Chemicals and allied products -5,338 711,995 Petroleum refining and related products 389 20,064 Rubber and miscellaneous plastic products 689 22,367 Leather and leather products d 6,696 Stone, clay, glass and concrete products 125 10,202 Primary metal products 11,992 333,001 Fabricated metal products 4,697 218,524 Machinery, other than electrical 22,970 443,146 Electrical machinery, equipment and supplies 58,751 510,548 Transportation equipment 26,801 332,595 Professional, scientific, and controlling instruments 28,570 278,665 Miscellaneous manufactured products 15,991 117,922 Export receipts Qualified export receipts Other from the sale qualified Selected major of export export product or service property receipts (7) (8) All industries 4,552,005 181,654 Nonmanufactured products and services 628,342 130,988 Manufactured products 3,923,663 50,666 Ordinance and accessories 2,875 0 Food and kindred products 694,593 4,241 Textile mill products 11,249 587 Apparel and other finished goods 8,673 18 Lumber and wood products 85,905 1,093 Furniture and fixtures 16,781 d Paper and allied products 112,568 342 Printing, publishing and allied products 32,446 45 Chemicals and allied products 688,930 23,007 Petroleum refining and related products 20,064 0 Rubber and miscellaneous plastic products 22,332 35 Leather and leather products 5,747 950 Stone, clay, glass and concrete products 10,202 d Primary metal products 331,386 1,612 Fabricated metal products 217,915 608 Machinery, other than electrical 437,667 4,081 Electrical machinery, equipment and supplies 503,753 6,678 Transportation equipment 327,845 3,928 Professional, scientific, and controlling instruments 275,686 2,568 Miscellaneous manufactured products 117,045 815 Export promotion and other expenses Cost of sales Export Selected major and promotion product or service operations Total [1] expenses (9) (10) (11) All industries 1,319,613 292,661 189,675 Nonmanufactured products and services 39,298 53,008 7,984 Manufactured products 1,280,314 239,654 181,692 Ordinance and accessories 0 d 0 Food and kindred products 498,291 14,785 9,352 Textile mill products d 1,416 1,317 Apparel and other finished goods 3,411 767 711 Lumber and wood products 29,637 18,440 15,469 Furniture and fixtures 0 5 d Paper and allied products 9,725 15,266 3,972 Printing, publishing and allied products d 574 780 Chemicals and allied products 67,225 48,996 41,707 Petroleum refining and related products 0 955 d Rubber and miscellaneous plastic products 2,184 356 164 Leather and leather products d d d Stone, clay, glass and concrete products d 25 22 Primary metal products 118,030 2,366 1,408 Fabricated metal products 13,208 8,056 5,637 Machinery, other than electrical 96,089 24,073 18,955 Electrical machinery, equipment and supplies 169,431 44,383 37,574 Transportation equipment 140,214 27,831 17,783 Professional, scientific, and controlling instruments 107,486 28,097 23,217 Miscellaneous manufactured products 20,286 3,196 2,603 Net income (less deficit) Selected major product or service Total Net income Deficit (12) (13) (14) All industries 3,167,505 3,172,848 -5,343 Nonmanufactured products and services 667,036 667,477 -441 Manufactured products 2,500,468 2,505,371 -4,903 Ordinance and accessories 2,874 2,874 0 Food and kindred products 228,751 228,786 -35 Textile mill products 8,593 8,603 d Apparel and other finished goods 4,513 4,523 d Lumber and wood products 39,127 40,817 -1,690 Furniture and fixtures 16,834 16,834 0 Paper and allied products 87,920 89,176 -1,256 Printing, publishing and allied products 28,880 28,883 -2 Chemicals and allied products 595,774 595,982 -208 Petroleum refining and related products 19,109 19,109 0 Rubber and miscellaneous plastic products 19,828 19,838 d Leather and leather products 6,453 6,453 0 Stone, clay, glass and concrete products 10,156 10,156 0 Primary metal products 212,605 212,607 -2 Fabricated metal products 197,260 197,329 -69 Machinery, other than electrical 322,984 323,644 -660 Electrical machinery, equipment and supplies 296,735 297,039 -305 Transportation equipment 164,550 164,787 -237 Professional, scientific, and controlling instruments 143,083 143,172 -90 Miscellaneous manufactured products 94,439 94,758 -318 Taxable income Selected independent computations of taxable income Portion attributable Selected major Total to excess product or service qualified export receipts (15) (16) All industries 3,165,263 1,932,075 Nonmanufactured products and services 666,632 486,041 Manufactured products 2,498,631 1,446,034 Ordinance and accessories 2,874 d Food and kindred products 228,735 139,759 Textile mill products 8,592 2,825 Apparel and other finished goods 4,513 d Lumber and wood products 39,123 22,446 Furniture and fixtures 16,834 12,401 Paper and allied products 87,920 45,219 Printing, publishing and allied products 28,447 21,808 Chemicals and allied products 595,739 506,752 Petroleum refining and related products 19,109 3,775 Rubber and miscellaneous plastic products 19,828 8,492 Leather and leather products 6,453 d Stone, clay, glass and concrete products 10,156 6,690 Primary metal products 212,605 132,334 Fabricated metal products 197,190 92,175 Machinery, other than electrical 322,984 160,752 Electrical machinery, equipment and supplies 295,890 107,978 Transportation equipment 164,159 59,113 Professional, scientific, and controlling instruments 143,043 69,940 Miscellaneous manufactured products 94,436 49,023 Taxable income Selected independent computations of taxable income Adjusted IC-DISC Current-year Selected major income subject tax-deferred product or service to deferral income computation (17) (18) All industries 1,240,909 1,362,795 Nonmanufactured products and services 180,551 218,836 Manufactured products 1,060,358 1,143,960 Ordinance and accessories 2,429 2,429 Food and kindred products 100,022 102,013 Textile mill products 5,777 5,763 Apparel and other finished goods 3,751 3,746 Lumber and wood products 17,643 17,368 Furniture and fixtures 7,421 8,808 Paper and allied products 43,893 44,274 Printing, publishing and allied products 6,788 6,765 Chemicals and allied products 87,153 120,038 Petroleum refining and related products 15,334 18,719 Rubber and miscellaneous plastic products 11,344 11,336 Leather and leather products 2,822 2,807 Stone, clay, glass and concrete products 3,466 4,571 Primary metal products 80,060 90,224 Fabricated metal products 104,655 118,895 Machinery, other than electrical 159,318 160,212 Electrical machinery, equipment and supplies 186,930 191,046 Transportation equipment 103,900 115,626 Professional, scientific, and controlling instruments 72,106 73,810 Miscellaneous manufactured products 45,545 45,511 Selected major product or service Total amount deemed distributed (19) All industries 1,810,352 Nonmanufactured products and services 448,482 Manufactured products 1,361,870 Ordinance and accessories d Food and kindred products 126,757 Textile mill products 2,840 Apparel and other finished goods 777 Lumber and wood products 23,546 Furniture and fixtures 8,026 Paper and allied products 44,902 Printing, publishing and allied products 21,831 Chemicals and allied products 475,935 Petroleum refining and related products d Rubber and miscellaneous plastic products 8,502 Leather and leather products d Stone, clay, glass and concrete products 5,585 Primary metal products 122,383 Fabricated metal products 78,364 Machinery, other than electrical 163,482 Electrical machinery, equipment and supplies 105,421 Transportation equipment 48,770 Professional, scientific, and controlling instruments 71,012 Miscellaneous manufactured products 49,256 Tax-deferred Selected major IC-DISC income Actual product or service reported distributions to shareholders to shareholders (20) (21) All industries 536,629 3,013,084 Nonmanufactured products and services 54,452 620,240 Manufactured products 482,177 2,392,845 Ordinance and accessories 0 1,577 Food and kindred products 27,676 222,893 Textile mill products 6,373 9,203 Apparel and other finished goods 806 4,095 Lumber and wood products 15,062 40,749 Furniture and fixtures 1,454 15,506 Paper and allied products -1,658 66,980 Printing, publishing and allied products 507 27,723 Chemicals and allied products 85,493 566,593 Petroleum refining and related products d 18,984 Rubber and miscellaneous plastic products 4,730 18,082 Leather and leather products 2,653 10,015 Stone, clay, glass and concrete products 170 6,008 Primary metal products 17,676 203,158 Fabricated metal products 31,241 192,126 Machinery, other than electrical 68,591 314,911 Electrical machinery, equipment and supplies 83,315 278,658 Transportation equipment 55,173 171,126 Professional, scientific, and controlling instruments 68,431 138,471 Miscellaneous manufactured products 14,322 85,988 Total current-year export gross receipts of IC-DISCs Selected major product or service Total IC-DISCs (22) (23) All industries 38,209,118 36,527,683 Nonmanufactured products and services 6,750,183 6,451,281 Manufactured products 31,458,936 30,076,402 Ordinance and accessories 18,270 18,270 Food and kindred products 4,347,728 d Textile mill products 131,793 131,793 Apparel and other finished goods 63,529 63,529 Lumber and wood products 673,855 d Furniture and fixtures 273,267 273,267 Paper and allied products 1,983,986 1,983,986 Printing, publishing and allied products 211,819 211,819 Chemicals and allied products 5,576,456 d Petroleum refining and related products 238,974 238,974 Rubber and miscellaneous plastic products 301,256 301,256 Leather and leather products 63,336 63,336 Stone, clay, glass and concrete products 205,599 205,599 Primary metal products 3,548,538 d Fabricated metal products 2,539,567 d Machinery, other than electrical 3,626,422 3,561,067 Electrical machinery, equipment and supplies 3,415,046 d Transportation equipment 2,010,112 d Professional, scientific, and controlling instruments 1,172,902 1,104,612 Miscellaneous manufactured products 1,056,481 1,056,481 d--Not shown to avoid disclosure of information about specific corporations. However, data are included in appropriate totals. [1] Excludes shareholder's equity accounts. [2] Item restricted to non-negative amounts during table processing. NOTE: Detail may not add to totals because of rounding. Table 3. Active Interest-Charge Domestic International Sales Corporation Returns: Assets, Receipts, Deductions, Income and Total Export Gross Receipts of IC-DISCs and Related U.S. Persons, by Major and Minor Product or Service Group, Tax Year 2008 [Money amounts in thousands of dollars] Assets Selected major product or Number Total [1] service of returns (1) (2) Total, All industries 1,917 1,322,115 Nonmanufactured products and services, total 231 169,851 Grains, including soybeans 14 18,540 Vegatables and melons 9 23,161 Fruit and tree nuts 52 11,976 Greenhouse, nursery, and floriculture 3 2,596 Other crops (including sugar beets, peanuts, spices, hops, and vegetable seeds) 18 13,377 Livestock 3 204 Poultry and eggs 3 2,037 Fishery products and services (including shellfish) 21 4,543 Fur bearing animals and unfinished hides 5 3,521 Other animal products 4 188 Export management services 24 7,622 Computer software 30 66,633 Motion picture distribution 4 378 Engineering and architectural services 30 14,442 Other nonmanufactured products 11 635 Manufactured products, total 1,686 1,152,265 Ordnance and accessories, total 6 1,690 Food and kindred products, total 115 110,247 Meat products 24 53,263 Dairy products 7 660 Fruits, vegetables and seafoods 25 6,933 Grain mill products 4 873 Confectionary and related products 8 19,775 Beverages 6 4,813 Other food and kindred products 42 23,933 Textile mill products, total 16 7,428 Apparel and other finished goods, total 13 1,431 Lumber and wood products (except furniture), total 62 42,720 Logs and log products 15 9,082 Lumber construction materials (including millwork, veneer, and plywood) 32 15,690 Other lumber and wood products 15 17,948 Furniture and fixtures, total 17 5,111 Paper and allied products, total 49 44,295 Printing, publishing, and allied products, total 22 10,978 Chemicals and allied products, total 154 171,489 Industrial inorganic and organic chemicals 27 27,602 Plastics materials, synthetic resins, synthetic rubber, and synthetic fibers 45 99,131 Drugs 15 4,078 Soap, detergents, and cleaning preparations, perfumes, cosmetics, and toiletries 22 27,566 Paints, varnishes, lacquers, enamels, and allied products 14 627 Agricultural chemicals 4 967 Other chemical and allied products 27 11,519 Petroleum refining and related products, total 11 1,649 Rubber and miscellaneous plastics products, total 41 8,224 Leather and leather products, total 4 2,822 Stone, clay, glass, and concrete products, total 12 5,132 Primary metal products, total 130 47,531 Iron and steel products 33 7,886 Nonferrous metal products 36 23,093 Other primary and secondary nonfabricated metal products 61 16,552 Fabricated metal products, total 186 57,775 Cutlery, hand tools, and general hardware 15 6,676 Heating apparatus (except electric) and plumbing fixtures 28 6,212 Fabricated structural metal products 25 12,997 Screw machine products and bolts, nuts, screws, rivets, and washers 4 2,894 Metal stampings 19 4,833 Coated and engraved metal products 5 393 Other fabricated metal products 90 23,771 Machinery, other than electrical, total 333 143,612 Engines and turbines 11 1,229 Farm machinery and equipment 16 19,554 Construction, mining, and materials handling machinery and equipment 39 35,907 Metalworking machinery and equipment 27 12,411 Special industry machinery (except metalworking machinery) 135 42,352 General industrial machinery and equipment 52 20,773 Service industry machinery 12 3,336 Other machinery (except electrical and electronic) 41 8,050 Electrical machinery, total 190 197,697 Electric power transmission and distribution equipment (including transformers, motors and generators) 29 42,809 Household appliances 9 28,275 Electric lighting and wiring equipment 18 22,037 Audio and video equipment (except communication types) 10 5,499 Communication equipment 6 4,345 Semiconductors, capacitors, resistors, and other electrical components 41 52,222 Computer and peripheral equipment 13 3,557 Other electrical and electronic machinery, equipment, and supplies 64 38,954 Transportation equipment, total 130 117,547 Motor vehicles and motor vehicle equipment 59 42,456 Aircraft and aircraft parts and equipment 44 68,987 Ships and nautical equipment 16 2,870 Other transportation equipment 11 3,235 Professional, scientific, and controlling instruments, total 122 116,552 Engineering, laboratory, and scientific and research instruments, and associated equipment 27 20,887 Instruments for measuring, controlling, and indicating physical characteristics 33 14,877 Surgical, medical, and dental instruments and supplies 51 75,624 Other professional, scientific, and controlling instruments 11 5,163 Miscellaneous manufactured products, total 73 58,334 Assets Qualified assets Export Selected major product or Total property service (3) (4) Total, All industries 1,311,482 88,875 Nonmanufactured products and services, total 169,849 9,620 Grains, including soybeans 18,540 0 Vegatables and melons 23,161 7,272 Fruit and tree nuts 11,975 0 Greenhouse, nursery, and floriculture 2,596 0 Other crops (including sugar beets, peanuts, spices, hops, and vegetable seeds) 13,376 0 Livestock 204 0 Poultry and eggs 2,037 0 Fishery products and services (including shellfish) 4,543 2,249 Fur bearing animals and unfinished hides 3,521 0 Other animal products 188 0 Export management services 7,622 47 Computer software 66,633 51 Motion picture distribution 378 0 Engineering and architectural services 14,442 0 Other nonmanufactured products 635 0 Manufactured products, total 1,141,633 79,255 Ordnance and accessories, total 1,690 0 Food and kindred products, total 110,235 16,448 Meat products 53,263 15,951 Dairy products 660 0 Fruits, vegetables and seafoods 6,933 0 Grain mill products 873 184 Confectionary and related products 19,775 0 Beverages 4,803 0 Other food and kindred products 23,931 313 Textile mill products, total 7,428 562 Apparel and other finished goods, total 1,431 0 Lumber and wood products (except furniture), total 42,085 2,902 Logs and log products 8,447 327 Lumber construction materials (including millwork, veneer, and plywood) 15,690 2,523 Other lumber and wood products 17,948 53 Furniture and fixtures, total 5,111 0 Paper and allied products, total 44,261 0 Printing, publishing, and allied products, total 10,978 67 Chemicals and allied products, total 171,024 3,312 Industrial inorganic and organic chemicals 27,602 0 Plastics materials, synthetic resins, synthetic rubber, and synthetic fibers 98,666 714 Drugs 4,078 303 Soap, detergents, and cleaning preparations, perfumes, cosmetics, and toiletries 27,566 2,296 Paints, varnishes, lacquers, enamels, and allied products 627 0 Agricultural chemicals 967 0 Other chemical and allied products 11,519 0 Petroleum refining and related products, total 1,649 0 Rubber and miscellaneous plastics products, total 8,224 0 Leather and leather products, total 2,822 0 Stone, clay, glass, and concrete products, total 5,110 0 Primary metal products, total 45,686 0 Iron and steel products 7,886 0 Nonferrous metal products 21,548 0 Other primary and secondary nonfabricated metal products 16,252 0 Fabricated metal products, total 57,775 3,642 Cutlery, hand tools, and general hardware 6,676 3,470 Heating apparatus (except electric) and plumbing fixtures 6,212 172 Fabricated structural metal products 12,997 0 Screw machine products and bolts, nuts, screws, rivets, and washers 2,894 0 Metal stampings 4,833 0 Coated and engraved metal products 393 0 Other fabricated metal products 23,771 0 Machinery, other than electrical, total 137,250 3,247 Engines and turbines 1,211 0 Farm machinery and equipment 19,554 624 Construction, mining, and materials handling machinery and equipment 29,816 1,425 Metalworking machinery and equipment 12,411 0 Special industry machinery (except metalworking machinery) 42,348 482 General industrial machinery and equipment 20,773 268 Service industry machinery 3,099 448 Other machinery (except electrical and electronic) 8,039 0 Electrical machinery, total 197,697 22,029 Electric power transmission and distribution equipment (including transformers, motors and generators) 42,809 3,522 Household appliances 28,275 12,064 Electric lighting and wiring equipment 22,037 1,973 Audio and video equipment (except communication types) 5,499 0 Communication equipment 4,345 0 Semiconductors, capacitors, resistors, and other electrical components 52,222 957 Computer and peripheral equipment 3,557 0 Other electrical and electronic machinery, equipment, and supplies 38,954 3,512 Transportation equipment, total 116,295 20,730 Motor vehicles and motor vehicle equipment 42,429 4,537 Aircraft and aircraft parts and equipment 68,402 16,193 Ships and nautical equipment 2,229 0 Other transportation equipment 3,235 0 Professional, scientific, and controlling instruments, total 116,548 4,042 Engineering, laboratory, and scientific and research instruments, and associated equipment 20,885 d Instruments for measuring, controlling, and indicating physical characteristics 14,877 d Surgical, medical, and dental instruments and supplies 75,622 d Other professional, scientific, and controlling instruments 5,163 0 Miscellaneous manufactured products, total 58,334 2,275 Export receipts Total qualified Selected major product or export receipts service Total and nonqualified liabilities [2] receipts (5) (6) Total, All industries 257,257 4,779,779 Nonmanufactured products and services, total 12,937 759,342 Grains, including soybeans 167 59,692 Vegatables and melons 3,028 35,694 Fruit and tree nuts 1,857 82,871 Greenhouse, nursery, and floriculture 13 6,706 Other crops (including sugar beets, peanuts, spices, hops, and vegetable seeds) 91 12,988 Livestock 135 1,786 Poultry and eggs 0 6,362 Fishery products and services (including shellfish) 235 126,909 Fur bearing animals and unfinished hides 2,295 4,616 Other animal products 0 2,638 Export management services 2,439 27,925 Computer software 2,170 254,530 Motion picture distribution 0 4,226 Engineering and architectural services 1 125,263 Other nonmanufactured products 505 7,137 Manufactured products, total 244,321 4,020,436 Ordnance and accessories, total 219 2,875 Food and kindred products, total 62,841 741,827 Meat products 45,003 470,987 Dairy products 613 44,620 Fruits, vegetables and seafoods 344 60,578 Grain mill products 7 9,659 Confectionary and related products 751 6,748 Beverages 13 15,826 Other food and kindred products 16,110 133,513 Textile mill products, total 606 11,836 Apparel and other finished goods, total 149 8,691 Lumber and wood products (except furniture), total 4,733 87,204 Logs and log products 142 24,942 Lumber construction materials (including millwork, veneer, and plywood) 3,202 38,983 Other lumber and wood products 1,390 23,279 Furniture and fixtures, total 4 16,839 Paper and allied products, total 8,348 112,911 Printing, publishing, and allied products, total 1,734 32,529 Chemicals and allied products, total -5,338 711,995 Industrial inorganic and organic chemicals -30,095 41,162 Plastics materials, synthetic resins, synthetic rubber, and synthetic fibers 9,764 243,521 Drugs d 44,937 Soap, detergents, and cleaning preparations, perfumes, cosmetics, and toiletries 13,276 349,425 Paints, varnishes, lacquers, enamels, and allied products d 14,443 Agricultural chemicals d 1,457 Other chemical and allied products 1,428 17,052 Petroleum refining and related products, total 389 20,064 Rubber and miscellaneous plastics products, total 689 22,367 Leather and leather products, total 51 6,696 Stone, clay, glass, and concrete products, total 125 10,202 Primary metal products, total 11,992 333,001 Iron and steel products 3,392 64,216 Nonferrous metal products 6,912 145,327 Other primary and secondary nonfabricated metal products 1,688 123,458 Fabricated metal products, total 4,697 218,524 Cutlery, hand tools, and general hardware 286 9,377 Heating apparatus (except electric) and plumbing fixtures 2,215 41,426 Fabricated structural metal products 280 40,516 Screw machine products and bolts, nuts, screws, rivets, and washers 33 2,508 Metal stampings 345 15,863 Coated and engraved metal products 380 970 Other fabricated metal products 1,159 107,865 Machinery, other than electrical, total 22,970 443,146 Engines and turbines 0 11,503 Farm machinery and equipment 3,531 34,881 Construction, mining, and materials handling machinery and equipment 5,002 74,420 Metalworking machinery and equipment 786 25,143 Special industry machinery (except metalworking machinery) 9,223 129,268 General industrial machinery and equipment 2,193 96,876 Service industry machinery 597 17,363 Other machinery (except electrical and electronic) 1,638 53,693 Electrical machinery, total 58,751 510,548 Electric power transmission and distribution equipment (including transformers, motors and generators) 23,260 75,484 Household appliances d 34,850 Electric lighting and wiring equipment 8,162 80,257 Audio and video equipment (except communication types) d 14,833 Communication equipment d 6,312 Semiconductors, capacitors, resistors, and other electrical components 18,781 191,661 Computer and peripheral equipment 2,599 11,080 Other electrical and electronic machinery, equipment, and supplies 2,764 96,071 Transportation equipment, total 26,801 332,595 Motor vehicles and motor vehicle equipment 4,195 96,277 Aircraft and aircraft parts and equipment 20,702 179,500 Ships and nautical equipment 1,894 42,364 Other transportation equipment 10 14,454 Professional, scientific, and controlling instruments, total 28,570 278,665 Engineering, laboratory, and scientific and research instruments, and associated equipment d 58,564 Instruments for measuring, controlling, and indicating physical characteristics d 24,829 Surgical, medical, and dental instruments and supplies 19,221 187,529 Other professional, scientific, and controlling instruments d 7,743 Miscellaneous manufactured products, total 15,991 117,922 Export receipts Qualified export receipts Other qualified Selected major product or from the sale export receipts service of export property (7) (8) Total, All industries 4,552,005 181,654 Nonmanufactured products and services, total 628,342 130,988 Grains, including soybeans 57,539 2,154 Vegatables and melons 30,828 4,875 Fruit and tree nuts 82,695 175 Greenhouse, nursery, and floriculture 6,684 22 Other crops (including sugar beets, peanuts, spices, hops, and vegetable seeds) 12,553 435 Livestock 1,786 -2 Poultry and eggs 6,271 91 Fishery products and services (including shellfish) 126,909 -2 Fur bearing animals and unfinished hides 4,616 0 Other animal products 2,638 0 Export management services 11,436 16,490 Computer software 251,237 3,293 Motion picture distribution 3,283 942 Engineering and architectural services 22,731 102,511 Other nonmanufactured products 7,137 0 Manufactured products, total 3,923,663 50,666 Ordnance and accessories, total 2,875 0 Food and kindred products, total 694,593 4,241 Meat products 427,441 563 Dairy products 44,612 0 Fruits, vegetables and seafoods 60,521 57 Grain mill products 9,659 -2 Confectionary and related products 6,031 717 Beverages 13,336 2,489 Other food and kindred products 133,099 415 Textile mill products, total 11,249 587 Apparel and other finished goods, total 8,673 18 Lumber and wood products (except furniture), total 85,905 1,093 Logs and log products 24,579 226 Lumber construction materials (including millwork, veneer, and plywood) 38,682 232 Other lumber and wood products 22,644 635 Furniture and fixtures, total 16,781 57 Paper and allied products, total 112,568 342 Printing, publishing, and allied products, total 32,446 45 Chemicals and allied products, total 688,930 23,007 Industrial inorganic and organic chemicals 21,670 19,492 Plastics materials, synthetic resins, synthetic rubber, and synthetic fibers 241,257 2,218 Drugs 44,930 5 Soap, detergents, and cleaning preparations, perfumes, cosmetics, and toiletries 349,325 99 Paints, varnishes, lacquers, enamels, and allied products 14,156 276 Agricultural chemicals 1,457 -2 Other chemical and allied products 16,135 917 Petroleum refining and related products, total 20,064 0 Rubber and miscellaneous plastics products, total 22,332 35 Leather and leather products, total 5,747 950 Stone, clay, glass, and concrete products, total 10,202 -2 Primary metal products, total 331,386 1,612 Iron and steel products 64,181 33 Nonferrous metal products 144,653 673 Other primary and secondary nonfabricated metal products 122,552 906 Fabricated metal products, total 217,915 608 Cutlery, hand tools, and general hardware 9,237 141 Heating apparatus (except electric) and plumbing fixtures 41,332 94 Fabricated structural metal products 40,506 10 Screw machine products and bolts, nuts, screws, rivets, and washers 2,282 225 Metal stampings 15,863 0 Coated and engraved metal products 970 0 Other fabricated metal products 107,727 138 Machinery, other than electrical, total 437,667 4,081 Engines and turbines 11,501 3 Farm machinery and equipment 34,579 302 Construction, mining, and materials handling machinery and equipment 73,108 1,261 Metalworking machinery and equipment 24,751 390 Special industry machinery (except metalworking machinery) 125,959 1,967 General industrial machinery and equipment 96,751 123 Service industry machinery 17,345 18 Other machinery (except electrical and electronic) 53,675 17 Electrical machinery, total 503,753 6,678 Electric power transmission and distribution equipment (including transformers, motors and generators) 73,120 2,354 Household appliances 34,649 201 Electric lighting and wiring equipment 80,264 -7 Audio and video equipment (except communication types) 14,265 568 Communication equipment 6,289 23 Semiconductors, capacitors, resistors, and other electrical components 189,156 2,464 Computer and peripheral equipment 11,046 34 Other electrical and electronic machinery, equipment, and supplies 94,965 1,041 Transportation equipment, total 327,845 3,928 Motor vehicles and motor vehicle equipment 95,950 327 Aircraft and aircraft parts and equipment 177,978 699 Ships and nautical equipment 42,358 6 Other transportation equipment 11,558 2,896 Professional, scientific, and controlling instruments, total 275,686 2,568 Engineering, laboratory, and scientific and research instruments, and associated equipment 58,065 499 Instruments for measuring, controlling, and indicating physical characteristics 24,720 109 Surgical, medical, and dental instruments and supplies 185,624 1,494 Other professional, scientific, and controlling instruments 7,277 467 Miscellaneous manufactured products, total 117,045 815 Export promotion and other expenses Selected major product or Cost of Export service sales and promotion operations Total expenses (9) (10) (11) Total, All industries 1,319,613 292,661 189,675 Nonmanufactured products and services, total 39,298 53,008 7,984 Grains, including soybeans 1,643 1,256 1,021 Vegatables and melons 17,877 3,033 2,590 Fruit and tree nuts 4,440 2,034 866 Greenhouse, nursery, and floriculture 0 15 0 Other crops (including sugar beets, peanuts, spices, hops, and vegetable seeds) 1,227 303 193 Livestock 0 1 1 Poultry and eggs 0 1 1 Fishery products and services (including shellfish) 0 144 134 Fur bearing animals and unfinished hides 0 64 1 Other animal products 267 1,626 1,054 Export management services 347 181 147 Computer software 722 4,218 1,773 Motion picture distribution 2,875 104 0 Engineering and architectural services 9,900 39,980 155 Other nonmanufactured products 0 45 47 Manufactured products, total 1,280,314 239,654 181,692 Ordnance and accessories, total 0 -2 0 Food and kindred products, total 498,291 14,785 9,352 Meat products 418,622 8,244 4,931 Dairy products 0 7 1 Fruits, vegetables and seafoods 5,585 309 251 Grain mill products 1,417 429 36 Confectionary and related products 1,000 552 22 Beverages 0 308 27 Other food and kindred products 71,668 4,936 4,083 Textile mill products, total 1,827 1,416 1,317 Apparel and other finished goods, total 3,411 767 711 Lumber and wood products (except furniture), total 29,637 18,440 15,469 Logs and log products 482 14,177 14,161 Lumber construction materials (including millwork, veneer, and plywood) 24,944 3,872 1,135 Other lumber and wood products 4,211 392 173 Furniture and fixtures, total 0 5 (2) Paper and allied products, total 9,725 15,266 3,972 Printing, publishing, and allied products, total 3,075 574 780 Chemicals and allied products, total 67,225 48,996 41,707 Industrial inorganic and organic chemicals 192 642 222 Plastics materials, synthetic resins, synthetic rubber, and synthetic fibers 50,697 14,274 10,522 Drugs 5,037 4,961 3,505 Soap, detergents, and cleaning preparations, perfumes, cosmetics, and toiletries 10,010 26,584 25,574 Paints, varnishes, lacquers, enamels, and allied products 0 64 63 Agricultural chemicals 0 12 12 Other chemical and allied products 1,288 2,460 1,809 Petroleum refining and related products, total 0 955 955 Rubber and miscellaneous plastics products, total 2,184 356 164 Leather and leather products, total 177 66 66 Stone, clay, glass, and concrete products, total 21 25 22 Primary metal products, total 118,030 2,366 1,408 Iron and steel products 10,700 274 120 Nonferrous metal products 102,617 1,847 1,270 Other primary and secondary nonfabricated metal products 4,713 245 18 Fabricated metal products, total 13,208 8,056 5,637 Cutlery, hand tools, and general hardware 1,324 1,124 1,109 Heating apparatus (except electric) and plumbing fixtures 1,576 6,422 4,016 Fabricated structural metal products 5,125 103 85 Screw machine products and bolts, nuts, screws, rivets, and washers 1,811 49 0 Metal stampings 2,140 -147 130 Coated and engraved metal products 0 0 0 Other fabricated metal products 1,231 505 297 Machinery, other than electrical, total 96,089 24,073 18,955 Engines and turbines 0 1 0 Farm machinery and equipment 12,188 922 d Construction, mining, and materials handling machinery and equipment 17,465 10,630 9,733 Metalworking machinery and equipment 7,122 868 d Special industry machinery (except metalworking machinery) 24,719 3,484 2,863 General industrial machinery and equipment 17,946 5,872 2,740 Service industry machinery 11,081 1,648 d Other machinery (except electrical and electronic) 5,568 649 580 Electrical machinery, total 169,431 44,383 37,574 Electric power transmission and distribution equipment (including transformers, motors and generators) 40,182 6,999 5,796 Household appliances 21,519 3,474 2,731 Electric lighting and wiring equipment 57,852 8,001 6,040 Audio and video equipment (except communication types) 3,844 d 2 Communication equipment 3,255 d 117 Semiconductors, capacitors, resistors, and other electrical components 31,440 21,543 19,684 Computer and peripheral equipment 0 d 5 Other electrical and electronic machinery, equipment, and supplies 11,340 4,085 3,198 Transportation equipment, total 140,214 27,831 17,783 Motor vehicles and motor vehicle equipment d d d Aircraft and aircraft parts and equipment 104,442 22,334 15,300 Ships and nautical equipment d d d Other transportation equipment 0 d d Professional, scientific, and controlling instruments, total 107,486 28,097 23,217 Engineering, laboratory, and scientific and research instruments, and associated equipment 16,153 9,529 8,419 Instruments for measuring, controlling, and indicating physical characteristics 1,527 1,396 1,086 Surgical, medical, and dental instruments and supplies 88,977 16,833 13,469 Other professional, scientific, and controlling instruments 828 340 244 Miscellaneous manufactured products, total 20,286 3,196 2,603 Net income (less deficit) Selected major product or service Total Net income Deficit (12) (13) (14) Total, All industries 3,167,505 3,172,848 -5,343 Nonmanufactured products and services, total 667,036 667,477 Grains, including soybeans 56,793 d d Vegatables and melons 14,784 14,784 0 Fruit and tree nuts 76,397 d d Greenhouse, nursery, and floriculture 6,691 6,691 0 Other crops (including sugar beets, peanuts, spices, hops, and vegetable seeds) 11,458 d d Livestock 1,784 1,784 0 Poultry and eggs 6,361 6,361 0 Fishery products and services (including shellfish) 126,765 d d Fur bearing animals and unfinished hides 4,551 4,551 0 Other animal products 745 d d Export management services 27,397 d d Computer software 249,590 d d Motion picture distribution 1,246 1,246 0 Engineering and architectural services 75,383 d d Other nonmanufactured products 7,091 d d Manufactured products, total 2,500,468 2,505,371 -4,903 Ordnance and accessories, total 2,874 2,874 0 Food and kindred products, total 228,751 228,786 -35 Meat products 44,121 d d Dairy products 44,613 44,613 0 Fruits, vegetables and seafoods 54,685 d d Grain mill products 7,813 d d Confectionary and related products 5,196 5,196 0 Beverages 15,518 15,518 0 Other food and kindred products 56,909 d d Textile mill products, total 8,593 8,603 -10 Apparel and other finished goods, total 4,513 4,523 -10 Lumber and wood products (except furniture), total 39,127 40,817 -1,690 Logs and log products 10,284 d d Lumber construction materials (including millwork, veneer, and plywood) 10,167 d d Other lumber and wood products 18,676 d d Furniture and fixtures, total 16,834 16,834 0 Paper and allied products, total 87,920 89,176 -1,256 Printing, publishing, and allied products, total 28,880 28,883 -2 Chemicals and allied products, total 595,774 595,982 -208 Industrial inorganic and organic chemicals 40,327 40,327 0 Plastics materials, synthetic resins, synthetic rubber, and synthetic fibers 178,550 d d Drugs 34,939 d d Soap, detergents, and cleaning preparations, perfumes, cosmetics, and toiletries 312,831 d d Paints, varnishes, lacquers, enamels, and allied products 14,378 d d Agricultural chemicals 1,445 d d Other chemical and allied products 13,304 d d Petroleum refining and related products, total 19,109 19,109 0 Rubber and miscellaneous plastics products, total 19,828 d d Leather and leather products, total 6,453 6,453 0 Stone, clay, glass, and concrete products, total 10,156 10,156 0 Primary metal products, total 212,605 d d Iron and steel products 53,242 53,242 0 Nonferrous metal products 40,864 d d Other primary and secondary nonfabricated metal products 118,500 d d Fabricated metal products, total 197,260 197,329 -69 Cutlery, hand tools, and general hardware 6,929 6,993 -64 Heating apparatus (except electric) and plumbing fixtures 33,427 33,428 -1 Fabricated structural metal products 35,288 35,290 -3 Screw machine products and bolts, nuts, screws, rivets, and washers 648 648 0 Metal stampings 13,870 13,872 -2 Coated and engraved metal products 970 970 0 Other fabricated metal products 106,129 106,129 0 Machinery, other than electrical, total 322,984 323,644 -660 Engines and turbines 11,503 11,503 -1 Farm machinery and equipment 21,771 21,771 0 Construction, mining, and materials handling machinery and equipment 46,326 46,422 -96 Metalworking machinery and equipment 17,152 17,152 0 Special industry machinery (except metalworking machinery) 101,064 101,580 -515 General industrial machinery and equipment 73,058 73,095 -38 Service industry machinery 4,635 4,635 0 Other machinery (except electrical and electronic) 47,476 47,486 -10 Electrical machinery, total 296,735 297,039 -305 Electric power transmission and distribution equipment (including transformers, motors and generators) 28,303 28,303 0 Household appliances 9,857 9,857 0 Electric lighting and wiring equipment 14,404 14,404 0 Audio and video equipment (except communication types) 10,978 10,978 0 Communication equipment 2,933 2,933 0 Semiconductors, capacitors, resistors, and other electrical components 138,679 138,972 -293 Computer and peripheral equipment 10,933 10,934 -1 Other electrical and electronic machinery, equipment, and supplies 80,647 80,659 -12 Transportation equipment, total 164,550 164,787 -237 Motor vehicles and motor vehicle equipment 55,443 55,676 -233 Aircraft and aircraft parts and equipment 52,724 52,725 -1 Ships and nautical equipment 41,948 41,951 -3 Other transportation equipment 14,435 14,435 0 Professional, scientific, and controlling instruments, total 143,083 143,172 -90 Engineering, laboratory, and scientific and research instruments, and associated equipment 32,882 32,882 0 Instruments for measuring, controlling, and indicating physical characteristics 21,907 21,909 -2 Surgical, medical, and dental instruments and supplies 81,720 81,755 -36 Other professional, scientific, and controlling instruments 6,575 6,627 _-52 Miscellaneous manufactured products, total 94,439 94,758 -318 Taxable income Selected independent computations of taxable income Portion attributable Selected major product or to excess service Total qualified export receipts (15) (16) Total, All industries 3,165,263 1,932,075 Nonmanufactured products and services, total 666,632 486,041 Grains, including soybeans 56,793 52,527 Vegatables and melons 14,560 4,508 Fruit and tree nuts 76,283 41,205 Greenhouse, nursery, and floriculture 6,691 5,316 Other crops (including sugar beets, peanuts, spices, hops, and vegetable seeds) 11,458 5,471 Livestock 1,784 1,105 Poultry and eggs 6,361 2,094 Fishery products and services (including shellfish) 126,765 95,835 Fur bearing animals and unfinished hides 4,551 2,341 Other animal products 745 0 Export management services 27,346 3,692 Computer software 249,573 226,590 Motion picture distribution 1,246 0 Engineering and architectural services 75,383 45,300 Other nonmanufactured products 7,091 57 Manufactured products, total 2,498,631 1,446,034 Ordnance and accessories, total 2,874 159 Food and kindred products, total 228,735 139,759 Meat products 44,121 38,109 Dairy products 44,613 22,479 Fruits, vegetables and seafoods 54,685 29,267 Grain mill products 7,813 4,841 Confectionary and related products 5,184 1,413 Beverages 15,518 10,482 Other food and kindred products 56,905 33,166 Textile mill products, total 8,592 2,825 Apparel and other finished goods, total 4,513 772 Lumber and wood products (except furniture), total 39,123 22,446 Logs and log products 10,284 5,547 Lumber construction materials (including millwork, veneer, and plywood) 10,163 d Other lumber and wood products 18,676 d Furniture and fixtures, total 16,834 12,401 Paper and allied products, total 87,920 45,219 Printing, publishing, and allied products, total 28,447 21,808 Chemicals and allied products, total 595,739 506,752 Industrial inorganic and organic chemicals 40,327 d Plastics materials, synthetic resins, synthetic rubber, and synthetic fibers 178,518 160,138 Drugs 34,935 d Soap, detergents, and cleaning preparations, perfumes, cosmetics, and toiletries 312,831 296,982 Paints, varnishes, lacquers, enamels, and allied products 14,378 7,904 Agricultural chemicals 1,445 0 Other chemical and allied products 13,304 d Petroleum refining and related products, total 19,109 3,775 Rubber and miscellaneous plastics products, total 19,828 8,492 Leather and leather products, total 6,453 3,622 Stone, clay, glass, and concrete products, total 10,156 6,690 Primary metal products, total 212,605 132,334 Iron and steel products 53,242 33,348 Nonferrous metal products 40,864 13,470 Other primary and secondary nonfabricated metal products 118,500 85,516 Fabricated metal products, total 197,190 92,175 Cutlery, hand tools, and general hardware 6,929 1,476 Heating apparatus (except electric) and plumbing fixtures 33,357 16,499 Fabricated structural metal products 35,288 21,262 Screw machine products and bolts, nuts, screws, rivets, and washers 648 0 Metal stampings 13,870 4,173 Coated and engraved metal products 970 0 Other fabricated metal products 106,129 48,765 Machinery, other than electrical, total 322,984 160,752 Engines and turbines 11,503 6,806 Farm machinery and equipment 21,771 12,260 Construction, mining, and materials handling machinery and equipment 46,326 27,161 Metalworking machinery and equipment 17,152 4,561 Special industry machinery (except metalworking machinery) 101,064 34,080 General industrial machinery and equipment 73,058 50,314 Service industry machinery 4,635 835 Other machinery (except electrical and electronic) 47,476 24,735 Electrical machinery, total 295,890 107,978 Electric power transmission and distribution equipment (including transformers, motors and generators) 27,584 11,846 Household appliances 9,811 4,853 Electric lighting and wiring equipment 14,404 3,091 Audio and video equipment (except communication types) 10,978 3,462 Communication equipment 2,933 649 Semiconductors, capacitors, resistors, and other electrical components 138,619 39,800 Computer and peripheral equipment 10,933 3,164 Other electrical and electronic machinery, equipment, and supplies 80,627 41,112 Transportation equipment, total 164,159 59,113 Motor vehicles and motor vehicle equipment 55,136 30,283 Aircraft and aircraft parts and equipment 52,639 d Ships and nautical equipment 41,948 d Other transportation equipment 14,435 d Professional, scientific, and controlling instruments, total 143,043 69,940 Engineering, laboratory, and scientific and research instruments, and associated equipment 32,846 d Instruments for measuring, controlling, and indicating physical characteristics 21,903 d Surgical, medical, and dental instruments and supplies 81,719 52,208 Other professional, scientific, and controlling instruments 6,575 d Miscellaneous manufactured products, total 94,436 49,023 Taxable income Selected independent computations of taxable income Adjusted IC- DISC Selected major product or income subject Current-year service to deferral tax-deferred computation [3] income (17) (18) Total, All industries 1,240,909 1,362,795 Nonmanufactured products and services, total 180,551 218,836 Grains, including soybeans 4,269 42,401 Vegatables and melons 10,052 10,052 Fruit and tree nuts 35,080 35,086 Greenhouse, nursery, and floriculture 1,375 1,375 Other crops (including sugar beets, peanuts, spices, hops, and vegetable seeds) 5,588 5,480 Livestock 679 679 Poultry and eggs 4,267 4,267 Fishery products and services (including shellfish) 30,943 30,943 Fur bearing animals and unfinished hides 2,210 2,210 Other animal products 756 756 Export management services 23,655 23,777 Computer software 23,213 23,345 Motion picture distribution 1,246 1,246 Engineering and architectural services 30,184 30,184 Other nonmanufactured products 7,034 7,034 Manufactured products, total 1,060,358 1,143,960 Ordnance and accessories, total 2,429 2,429 Food and kindred products, total 100,022 102,013 Meat products 16,999 19,170 Dairy products 22,134 22,134 Fruits, vegetables and seafoods 25,362 25,215 Grain mill products 3,003 3,003 Confectionary and related products 3,770 3,760 Beverages 5,036 5,036 Other food and kindred products 23,824 23,800 Textile mill products, total 5,777 5,763 Apparel and other finished goods, total 3,751 3,746 Lumber and wood products (except furniture), total 17,643 17,368 Logs and log products 4,733 4,447 Lumber construction materials (including millwork, veneer, and plywood) 9,112 9,122 Other lumber and wood products 3,798 3,798 Furniture and fixtures, total 7,421 8,808 Paper and allied products, total 43,893 44,274 Printing, publishing, and allied products, total 6,788 6,765 Chemicals and allied products, total 87,153 120,038 Industrial inorganic and organic chemicals 19,509 36,616 Plastics materials, synthetic resins, synthetic rubber, and synthetic fibers 17,947 33,862 Drugs 15,313 14,963 Soap, detergents, and cleaning preparations, perfumes, cosmetics, and toiletries 16,023 16,011 Paints, varnishes, lacquers, enamels, and allied products 6,474 6,474 Agricultural chemicals 1,451 1,451 Other chemical and allied products 10,435 10,660 Petroleum refining and related products, total 15,334 18,719 Rubber and miscellaneous plastics products, total 11,344 11,336 Leather and leather products, total 2,822 2,807 Stone, clay, glass, and concrete products, total 3,466 4,571 Primary metal products, total 80,060 90,224 Iron and steel products 19,832 24,962 Nonferrous metal products 27,309 28,175 Other primary and secondary nonfabricated metal products 32,918 37,087 Fabricated metal products, total 104,655 118,895 Cutlery, hand tools, and general hardware 5,387 5,504 Heating apparatus (except electric) and plumbing fixtures 16,649 18,841 Fabricated structural metal products 14,018 24,197 Screw machine products and bolts, nuts, screws, rivets, and washers 648 648 Metal stampings 9,699 9,699 Coated and engraved metal products 970 970 Other fabricated metal products 57,285 59,038 Machinery, other than electrical, total 159,318 160,212 Engines and turbines 4,698 4,698 Farm machinery and equipment 9,218 9,076 Construction, mining, and materials handling machinery and equipment 18,577 18,529 Metalworking machinery and equipment 12,482 12,417 Special industry machinery (except metalworking machinery) 65,049 65,114 General industrial machinery and equipment 22,781 23,964 Service industry machinery 3,777 3,765 Other machinery (except electrical and electronic) 22,735 22,649 Electrical machinery, total 186,930 191,046 Electric power transmission and distribution equipment (including transformers, motors and generators) 15,612 15,467 Household appliances 4,958 7,820 Electric lighting and wiring equipment 11,312 11,233 Audio and video equipment (except communication types) 7,516 7,516 Communication equipment 2,284 2,284 Semiconductors, capacitors, resistors, and other electrical components 98,346 98,565 Computer and peripheral equipment 7,770 7,770 Other electrical and electronic machinery, equipment, and supplies 39,131 40,390 Transportation equipment, total 103,900 115,626 Motor vehicles and motor vehicle equipment 24,903 29,141 Aircraft and aircraft parts and equipment 39,892 39,924 Ships and nautical equipment 31,948 39,402 Other transportation equipment 7,159 7,159 Professional, scientific, and controlling instruments, total 72,106 73,810 Engineering, laboratory, and scientific and research instruments, and associated equipment 22,008 21,875 Instruments for measuring, controlling, and indicating physical characteristics 16,519 16,914 Surgical, medical, and dental instruments and supplies 28,744 28,409 Other professional, scientific, and controlling instruments 4,836 6,612 Miscellaneous manufactured products, total 45,545 45,511 Tax-deferred Total IC-DISC Selected major product or amount income service deemed reported distributed to shareholders (19) (20) Total, All industries 1,810,352 536,629 Nonmanufactured products and services, total 448,482 54,452 Grains, including soybeans 14,394 10,748 Vegatables and melons 4,508 10,081 Fruit and tree nuts 41,516 4,710 Greenhouse, nursery, and floriculture 5,316 1,476 Other crops (including sugar beets, peanuts, spices, hops, and vegetable seeds) 5,989 11,913 Livestock 1,105 3 Poultry and eggs 2,094 2,030 Fishery products and services (including shellfish) 95,835 3,793 Fur bearing animals and unfinished hides 2,341 692 Other animal products 0 0 Export management services 3,570 3,689 Computer software 226,458 4,051 Motion picture distribution 0 0 Engineering and architectural services 45,300 1,266 Other nonmanufactured products 57 -2 Manufactured products, total 1,361,870 482,177 Ordnance and accessories, total 445 0 Food and kindred products, total 126,757 27,676 Meat products 24,952 2,714 Dairy products 22,479 0 Fruits, vegetables and seafoods 29,471 825 Grain mill products 4,841 243 Confectionary and related products 1,424 17,928 Beverages 10,482 2,625 Other food and kindred products 33,107 3,341 Textile mill products, total 2,840 6,373 Apparel and other finished goods, total 777 806 Lumber and wood products (except furniture), total 23,546 15,062 Logs and log products 5,942 7,847 Lumber construction materials (including millwork, veneer, and plywood) 2,723 7,455 Other lumber and wood products 14,881 -241 Furniture and fixtures, total 8,026 1,454 Paper and allied products, total 44,902 -1,658 Printing, publishing, and allied products, total 21,831 507 Chemicals and allied products, total 475,935 85,493 Industrial inorganic and organic chemicals d 39,991 Plastics materials, synthetic resins, synthetic rubber, and synthetic fibers 144,687 26,541 Drugs 19,973 1,310 Soap, detergents, and cleaning preparations, perfumes, cosmetics, and toiletries 296,994 10,884 Paints, varnishes, lacquers, enamels, and allied products d 168 Agricultural chemicals 0 138 Other chemical and allied products d 6,462 Petroleum refining and related products, total 390 159 Rubber and miscellaneous plastics products, total 8,502 4,730 Leather and leather products, total 3,646 2,653 Stone, clay, glass, and concrete products, total 5,585 170 Primary metal products, total 122,383 17,676 Iron and steel products 28,279 1,941 Nonferrous metal products 12,689 8,538 Other primary and secondary nonfabricated metal products 81,414 7,196 Fabricated metal products, total 78,364 31,241 Cutlery, hand tools, and general hardware 1,489 5,953 Heating apparatus (except electric) and plumbing fixtures 14,517 d Fabricated structural metal products 11,093 3,926 Screw machine products and bolts, nuts, screws, rivets, and washers 0 d Metal stampings 4,173 d Coated and engraved metal products 0 0 Other fabricated metal products 47,091 12,935 Machinery, other than electrical, total 163,482 68,591 Engines and turbines 6,806 1,510 Farm machinery and equipment 12,696 10,126 Construction, mining, and materials handling machinery and equipment 27,893 15,089 Metalworking machinery and equipment 4,735 8,016 Special industry machinery (except metalworking machinery) 36,466 18,235 General industrial machinery and equipment 49,181 10,444 Service industry machinery 869 1,803 Other machinery (except electrical and electronic) 24,836 3,368 Electrical machinery, total 105,421 83,315 Electric power transmission and distribution equipment (including transformers, motors and generators) 12,117 11,604 Household appliances 1,991 24,466 Electric lighting and wiring equipment 3,171 9,028 Audio and video equipment (except communication types) 3,462 d Communication equipment 649 d Semiconductors, capacitors, resistors, and other electrical components 40,370 11,711 Computer and peripheral equipment 3,164 d Other electrical and electronic machinery, equipment, and supplies 40,498 23,099 Transportation equipment, total 48,770 55,173 Motor vehicles and motor vehicle equipment 26,228 23,982 Aircraft and aircraft parts and equipment d 29,534 Ships and nautical equipment d 1,595 Other transportation equipment d 61 Professional, scientific, and controlling instruments, total 71,012 68,431 Engineering, laboratory, and scientific and research instruments, and associated equipment d 11,800 Instruments for measuring, controlling, and indicating physical characteristics d 8,547 Surgical, medical, and dental instruments and supplies 53,397 46,108 Other professional, scientific, and controlling instruments d 1,977 Miscellaneous manufactured products, total 49,256 14,322 Actual Total Selected major product or distributions export service to gross shareholders receipts (21) (22) Total, All industries 3,013,084 38,209,118 Nonmanufactured products and services, total 620,240 6,750,183 Grains, including soybeans 16,075 1,940,432 Vegatables and melons 6,279 154,552 Fruit and tree nuts 74,547 920,046 Greenhouse, nursery, and floriculture 12,079 52,694 Other crops (including sugar beets, peanuts, spices, hops, and vegetable seeds) 13,734 175,652 Livestock 1,922 55,930 Poultry and eggs 6,376 242,064 Fishery products and services (including shellfish) 127,112 1,010,451 Fur bearing animals and unfinished hides 4,706 542,417 Other animal products 569 14,939 Export management services 29,107 198,430 Computer software 241,266 852,888 Motion picture distribution 990 8,847 Engineering and architectural services 71,847 494,276 Other nonmanufactured products 13,631 86,562 Manufactured products, total 2,392,845 31,458,936 Ordnance and accessories, total 1,577 18,270 Food and kindred products, total 222,893 4,347,728 Meat products 43,106 1,868,363 Dairy products 44,575 699,758 Fruits, vegetables and seafoods 50,047 531,668 Grain mill products 7,844 167,051 Confectionary and related products 6,224 65,887 Beverages 13,089 201,291 Other food and kindred products 58,112 814,760 Textile mill products, total 9,203 131,793 Apparel and other finished goods, total 4,095 63,529 Lumber and wood products (except furniture), total 40,749 673,855 Logs and log products 10,255 271,053 Lumber construction materials (including millwork, veneer, and plywood) 11,380 285,142 Other lumber and wood products 19,113 117,660 Furniture and fixtures, total 15,506 273,267 Paper and allied products, total 66,980 1,983,986 Printing, publishing, and allied products, total 27,723 211,819 Chemicals and allied products, total 566,593 5,576,456 Industrial inorganic and organic chemicals 35,040 614,786 Plastics materials, synthetic resins, synthetic rubber, and synthetic fibers 144,407 2,718,599 Drugs d 315,838 Soap, detergents, and cleaning preparations, perfumes, cosmetics, and toiletries 321,680 1,586,402 Paints, varnishes, lacquers, enamels, and allied products d 97,499 Agricultural chemicals d 9,126 Other chemical and allied products 12,783 234,206 Petroleum refining and related products, total 18,984 238,974 Rubber and miscellaneous plastics products, total 18,082 301,256 Leather and leather products, total 10,015 63,336 Stone, clay, glass, and concrete products, total 6,008 205,599 Primary metal products, total 203,158 3,548,538 Iron and steel products 54,596 715,201 Nonferrous metal products 35,058 739,467 Other primary and secondary nonfabricated metal products 113,504 2,093,871 Fabricated metal products, total 192,126 2,539,567 Cutlery, hand tools, and general hardware d 118,718 Heating apparatus (except electric) and plumbing fixtures 39,036 422,282 Fabricated structural metal products 29,429 288,542 Screw machine products and bolts, nuts, screws, rivets, and washers d 7,512 Metal stampings 13,506 177,594 Coated and engraved metal products d 28,623 Other fabricated metal products 101,901 1,496,297 Machinery, other than electrical, total 314,911 3,626,422 Engines and turbines 13,360 106,313 Farm machinery and equipment 21,409 226,801 Construction, mining, and materials handling machinery and equipment 43,913 677,238 Metalworking machinery and equipment 17,271 210,138 Special industry machinery (except metalworking machinery) 96,522 1,163,210 General industrial machinery and equipment 67,210 753,885 Service industry machinery 4,018 76,663 Other machinery (except electrical and electronic) 51,207 412,173 Electrical machinery, total 278,658 3,415,046 Electric power transmission and distribution equipment (including transformers, motors and generators) 29,429 356,521 Household appliances 8,657 166,093 Electric lighting and wiring equipment 15,921 228,784 Audio and video equipment (except communication types) 8,496 102,847 Communication equipment 3,111 41,562 Semiconductors, capacitors, resistors, and other electrical components 125,338 1,674,601 Computer and peripheral equipment 12,015 78,989 Other electrical and electronic machinery, equipment, and supplies 75,691 765,648 Transportation equipment, total 171,126 2,010,112 Motor vehicles and motor vehicle equipment 56,617 980,584 Aircraft and aircraft parts and equipment 50,085 526,483 Ships and nautical equipment 47,786 332,744 Other transportation equipment 16,637 170,301 Professional, scientific, and controlling instruments, total 138,471 1,172,902 Engineering, laboratory, and scientific and research instruments, and associated equipment 32,322 203,304 Instruments for measuring, controlling, and indicating physical characteristics 17,533 210,145 Surgical, medical, and dental instruments and supplies 82,858 697,753 Other professional, scientific, and controlling instruments 5,758 61,699 Miscellaneous manufactured products, total 85,988 1,056,481 d--Not shown to avoid disclosure of information about specific corporations. However, detail are included in the appropriate totals. [1] Includes items not shown separately. [2] Excludes shareholder's equity accounts. [3] Item restricted to non-negative amounts during table processing. NOTE: Detail may not add to totals because of rounding. Figure A Active Interest-Charge Domestic International Sales Corporation Returns: Selected Items for Tax Years 1996, 2000, 2004, 2005, 2006, and 2008 [Money amounts are in thousands of dollars] Tax year Item 1996 2000 (1) (2) Number of returns 773 727 Total assets [1] 909,628 1,128,995 Qualified assets 896,013 1,122,250 Export property 77,352 83,875 Total liabilities [2] 209,757 216,366 Total qualified export receipts and nonqualified receipts [1] 1,506,692 1,438,686 Qualified export receipts from the sale of export property 1,476,164 1,398,077 Other qualified export receipts 22,784 36,253 Cost of sales and operations 1,020,147 919,485 Total export promotion and other expenses [1] 167,830 184,203 Export promotion expenses 115,650 127,964 Net income (less deficit) 318,716 335,000 Net income 322,004 342,923 Deficit -3,288 -7,923 Taxable income 320,841 341,731 Selected independent computations of taxable income: Portion attributable to excess qualified export receipts 146,400 163,495 Adjusted IC-DISC income subject to deferral computation 163,366 159,248 Current-year tax-deferred income 164,665 159,846 Total amount deemed distributed 165,679 191,121 Tax-deferred IC-DISC income reported to shareholders 536,636 740,662 Actual distributions to shareholders 321,903 395,070 Total current-year export gross receipts of IC-DISCs and related U.S. persons 4,578,970 4,735,553 IC-DISCs 4,556,409 4,670,909 Related U.S. persons 22,562 64,644 Tax year Item 2004 2005 (3) (4) Number of returns 425 876 Total assets [1] 727,347 1,136,976 Qualified assets 724,045 1,129,985 Export property 57,704 80,821 Total liabilities [2] 154,464 191,243 Total qualified export receipts and nonqualified receipts [1] 1,114,493 2,058,745 Qualified export receipts from the sale of export property 1,094,427 2,016,915 Other qualified export receipts 18,524 39,103 Cost of sales and operations 544,334 756,623 Total export promotion and other expenses [1] 121,919 187,973 Export promotion expenses 90,913 134,936 Net income (less deficit) 448,240 1,114,149 Net income 450,937 1,118,408 Deficit -2,697 -4,259 Taxable income 450,414 1,112,387 Selected independent computations of taxable income: Portion attributable to excess qualified export receipts 317,390 691,940 Adjusted IC-DISC income subject to deferral computation 126,609 436,282 Current-year tax-deferred income 129,327 461,280 Total amount deemed distributed 321,099 656,908 Tax-deferred IC-DISC income reported to shareholders 431,773 592,973 Actual distributions to shareholders 432,680 898,967 Total current-year export gross receipts of IC-DISCs and related U.S. persons 5,331,987 12,872,156 IC-DISCs 5,272,251 11,950,127 Related U.S. persons 59,737 922,030 Tax year Item 2006 2008 (5) (6) Number of returns 1,209 1,917 Total assets [1] 1,036,683 1,322,115 Qualified assets 1,032,996 1,311,482 Export property 72,743 88,875 Total liabilities [2] 214,391 257,257 Total qualified export receipts and nonqualified receipts [1] 2,999,386 4,779,779 Qualified export receipts from the sale of export property 2,853,957 4,552,005 Other qualified export receipts 87,821 181,654 Cost of sales and operations 1,056,842 1,319,613 Total export promotion and other expenses [1] 211,804 292,661 Export promotion expenses 171,736 189,675 Net income (less deficit) 1,730,741 3,167,505 Net income 1,750,649 3,172,848 Deficit -19,908 -5,343 Taxable income 1,729,897 3,165,263 Selected independent computations of taxable income: Portion attributable to excess qualified export receipts 977,202 1,932,075 Adjusted IC-DISC income subject to deferral computation 762,880 1,240,909 Current-year tax-deferred income 815,224 1,362,795 Total amount deemed distributed 935,497 1,810,352 Tax-deferred IC-DISC income reported to shareholders 519,557 536,629 Actual distributions to shareholders 1,804,673 3,013,084 Total current-year export gross receipts of IC-DISCs and related U.S. persons 20,015,962 38,209,118 IC-DISCs 19,285,999 36,527,683 Related U.S. persons 729,964 1,681,435 [1] Includes items not shown separately. [2] Excludes shareholder's equity accounts. NOTES: Detail may not add to totals because of rounding. Tax Year 1996 IC-DISC statistics are presented in the Statistics of Income Bulletin, Fall 2000, Volume 20, Number 2. Tax Year 2000 IC-DISC statistics are presented in the Statistics of Income Bulletin, Spring 2004, Volume 23, Number 4. Tax Year 2004, 2005, and 2006 IC-DISC statistics are presented in the Statistics of Income Bulletin, Winter 2010, Volume 29, Number 3. Figure B Active Interest-Charge Domestic International Sales Corporations, by Type of Majority Shareholder, Tax Year 2008 No majority shareholder (2.2%) 43 Corporations (except S Corporations) (11.7%) 224 1,917 total IC-DISC returns 1,650 Individuals, partnerships, trusts, estates, or S Corporations (86.1%) 1,650 Note: Table made from pie chart. Figure C Active Interest-Charge Domestic International Sales Corporation Returns, by Selected Major Product or Service Group, Tax Years 1996, 2000, 2004, 2005, 2006, and 2008 Tax year 1996 2000 2004 (1) (2) (3) All products and services [1] 773 727 425 Manufactured products and services 695 664 394 Food and kindred products 28 18 22 Textile mill products 14 22 9 Apparel and other finished goods 10 10 4 30 58 17 Furniture and fixtures 7 12 7 Paper and allied products 19 16 12 Printed media 6 5 6 Chemicals and allied products 48 53 37 Rubber and plastics products 13 5 6 Stone, clay, glass, and concrete products 6 7 3 Primary and secondary nonfabricated metal products 20 16 15 Fabricated metal products (other than ordinance, machinery, and transportation equipment) 65 61 31 Machinery (other than electrical and electronics) 123 116 79 Electrical machinery, equipment, and supplies 125 103 47 Transportation equipment 63 47 31 Professional, scientific, and controlling instruments 44 43 43 Miscellaneous and other manufactured products 64 64 25 Nonmanufactured products and services 71 52 31 Tax year 2005 2006 2008 (4) (5) (6) All products and services [1] 876 1,209 1,917 Manufactured products and services 787 1,080 1,686 Food and kindred products 46 69 115 Textile mill products 11 13 16 Apparel and other finished goods 9 9 13 43 52 62 Furniture and fixtures 11 13 17 Paper and allied products 20 21 49 Printed media 15 18 22 Chemicals and allied products 63 90 154 Rubber and plastics products 20 27 41 Stone, clay, glass, and concrete products 9 10 12 Primary and secondary nonfabricated metal products 32 52 130 Fabricated metal products (other than ordinance, machinery, and transportation equipment) 74 99 186 Machinery (other than electrical and electronics) 155 210 333 Electrical machinery, equipment, and supplies 98 132 190 Transportation equipment 68 89 130 Professional, scientific, and controlling instruments 57 94 122 Miscellaneous and other manufactured products 56 75 94 Nonmanufactured products and services 89 129 231 NOTE: Detail does not add to totals because selected major product or service groups are shown. [1] Includes 7 returns for 1996 and 11 returns for 2000 in which the major product or service
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| Author: | Holik, Daniel |
|---|---|
| Publication: | Statistics of Income. SOI Bulletin |
| Date: | Jun 22, 2011 |
| Words: | 16339 |
| Previous Article: | Sole proprietorship returns, 2009. |
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