From looking at the tags in Foobar2000 on my iTunes AAC encoded files it appears that iTunes stores this information in the tag of the file. There is an ITUNNORM field in my AAC files which I assume it stands for iTunes Normalization. Since you are given the ability to disable this feature in iTunes the information would have to be stored in the tag so it would be possible to disable the feature during playback.
To remove the tag just open the file in Foobar2000, right-click and select Properties. Select the ITUNORM field and click Remove.
I have mixed feelings about iTunes Soundcheck. It's a nice feature to have included in iTunes as it does, for the most part, normalize your music to a constant volume. However, there are flaws in the way iTunes calculates the volume on some tracks. I have noticed that for shorter tracks that are under 1 minute the volume will be significantly louder than for longer tracks. Also I have noticed that electronica music tends to be louder than pop or rock music when using Soundcheck. I use Soundcheck in iTunes, however, I tag my AAC files with replaygain in Foobar2000 also. For Winamp playback I use the
RockSteady normalization plug-in.