A bill to amend the Internal Revenue Code of 1986 to allow small exporters which increase their exports to defer payment of tax on a portion of their income attributable to such increase.

Amends the Internal Revenue Code to permit any domestic corporation having qualified export receipts of $10,000,000 or less to elect to extend the time for payment of income tax liability attributable to increased export revenue. Includes as qualified exports property manufactured, produced, or grown in the United States whose fair market value is no more than 50 percent attributable to imported articles. Requires interest payments on the deferred liability during the deferral period.