Export Company Incentive Act of 1990

Export Company Incentive Act of 1990 - Amends the Internal Revenue Code to exempt foreign sales corporations and export trade corporations from passive foreign investment company rules.

Repeals export trade corporation rules. Provides for treating as previously taxed income actual distributions made by such corporations in taxable years beginning after December 31,1984, if such income is derived before the first taxable year beginning after December 31, 1990. Allows such corporations to elect to be treated as foreign sales corporations for taxable years beginning after December 31, 1990.