DISC
(1) DISC. All references to a DISC mean a DISC, except when the context indicates that such term means a corporation in the process of meeting the conditions necessary for that corporation to become a DISC, or a corporation being tested as to whether it qualifies as a DISC. (2) Sale, lease, and license. The term sale includes an exchange or other disposition and the term lease includes a rental or a sublease. The term license includes a sublicense. All rules under this section and 1.993-2 through 1.993-6 applicable to leases of export property apply in the same manner to licenses of export property. See 1.993-3(f)(3) for a description of intangible property which cannot be export property. (3) Gross receipts. The term gross receipts is defined by section 993(f) and 1.993-6. (4) Qualified export assets. The term qualified export assets is defined by section 993(b) and 1.993-2. (5) Export property. The term export property is defined by section 993(c) and 1.993-3. (6) Related person. The term related person means a person who is related to another person if either immediately before or after a transaction (i) The relationship between such persons would result in a disallowance of losses under section 267 (relating to disallowance of losses, etc., between related taxpayers), or section 707(b) (relating to losses disallowed, etc., between partners and controlled partnerships), and the regulations thereunder, or (ii) Such persons are members of the same controlled group of corporations, as defined in section 1563(a) (relating to definition of controlled group of corporations), except that (a) more than 50 percent shall be substituted for at least 80 percent each place it appears in section 1563(a) and the regulations thereunder, and (b) the provisions of section 1563(b) shall not apply in determining whether such persons are members of the same controlled group. (7) Related supplier. The term related supplier is defined by 1.994-1(a)(3)(ii). (8) Controlled group. The term controlled group is defined by paragraph (k) of this section.