Export Company Incentive Act of 1990

[AI summary unavailable — showing source text] Export Company Incentive Act of 1990 - Amends the Internal Revenue Code to exempt export trade corporations and foreign sales corporations from passive foreign investment company rules. Repeals rules governing the taxation of export trade corporations for income earned outside the United States. Provides for treating actual distributions made by such corporations in taxable years after December 31, 1984, as previously taxed income. Allows such corporations to elect to be treated as foreign sales corporations after December 31, 1990.…