### Question
How is the term export promotion expenses defined?


### Answer
The term **export promotion expenses** is defined in *26 U.S.C. § 971* as the following:

> the following expenses paid or incurred in the receipt or production of export trade income—


(1) a reasonable allowance for salaries or other compensation for personal services actually rendered for such purpose,


(2) rentals or other payments for the use of property actually used for such purpose,


(3) a reasonable allowance for the exhaustion, wear and tear, or obsolescence of property actually used for such purpose, and


(4) any other ordinary and necessary expenses of the corporation to the extent reasonably allocable to the receipt or production of export trade income

#### Citation:
  - *26 U.S.C. § 971*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter N-Tax Based on Income From Sources Within or Without the United States > PART III-INCOME FROM SOURCES WITHOUT THE UNITED STATES > Subpart G-Export Trade Corporations**

