Unrelated business income definition

Unrelated business income means the income which is defined in section 512 of the Internal Revenue Code and the regulations thereunder.
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Unrelated business income means unrelated business income as determined under Section 512, Internal Revenue Code.
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Unrelated business income means the income which is defined in Section 512 of
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Examples of Unrelated business income in a sentence

  • Unrelated business income is taxable only to the extent such income from all sources exceeds $1,000 per year.

  • Ac- ceptance agents subject to those expiring agreements must reapply to retain their acceptance agent status.

  • Unrelated business income tax, if any, is insignificant and no tax provision has been made in the accompanying financial statements.

  • For more information, see Unrelated business income under What Acts Result in Penalties or Additional Taxes, later.IRA interest.

  • Unrelated business income, whether generally taxed or not, and regardless of what it is used for, will nonetheless jeopardize an organization’s tax-exempt status when it reaches the point of being “substantial” and “regular”.

  • Unrelated business income generally is income from any trade or business activity that is regularly carried on, not conducted with substantially all (at least 85%) volunteer labor, and not related to your exempt purposes.

  • Unrelated business income is still subject to taxation.56 Consider an example.

  • Unrelated business income tax: The Tax Reform Act of 1969 imposes a corporate income tax on the unrelated business taxable income (UBIT) of an otherwise tax‐exempt organization.

  • Credit is being applied against the tax imposed under: ❒ Chapter 207 (Insurance premiums tax; health care centers tax)❒ Chapter 208 (Corporation business tax) ❒ Chapter 211a (Hospitals tax)❒ Chapter 208a (Unrelated business income tax) ❒ Chapter 211b (Dry cleaning tax)❒ Chapter 209 (Air carriers tax) ❒ Chapter 212 (Utility companies tax)❒ Chapter 210 (Railroad companies tax) ❒ Chapter 212a (Public service companies tax)❒ Chapter 211 (Community antenna television systems ❒ Conn.

  • Unrelated business income is income from a trade or business, regularly carried on, that is not substantially re- lated to the charitable, educational, or other pur- pose that is the basis for the organization’sTIPIn any year that an organization is exemption.


More Definitions of Unrelated business income

Unrelated business income means an amount equal to the
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Unrelated business income. ’ means an amount equal to the amount which, if such trust were exempt from tax under section 501(a) by reason of section 501(c)(3), would be computed as its un- related business taxable income under section
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Related to Unrelated business income

  • Permitted Business Investment means any Investment made in the ordinary course of, and of a nature that is or shall have become customary in, the Oil and Gas Business including investments or expenditures for actively exploiting, exploring for, acquiring, developing, producing, processing, gathering, marketing or transporting oil, natural gas or other Hydrocarbons and minerals through agreements, transactions, interests or arrangements which permit one to share risks or costs, comply with regulatory requirements regarding local ownership or satisfy other objectives customarily achieved through the conduct of the Oil and Gas Business jointly with third parties including:

  • Permitted Business Investments means Investments by the Company or any of its Restricted Subsidiaries in any Unrestricted Subsidiary of the Company or in any Joint Venture, provided that:

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Business income means income arising from transactions and activity in the regular course of the taxpayer's trade or business and includes income from tangible and intangible property if the acquisition, management, and disposition of the property constitute integral parts of the taxpayer's regular trade or business operations.

  • Controlled unaffiliated business means a company:

  • Related Business means any business in which the Company or any of the Restricted Subsidiaries was engaged on the Issue Date and any business related, ancillary or complementary to such business.

  • regulated business means a business which is required to be licensed under one or other of the regulatory laws;

  • Consolidated Businesses means, at any time, the Borrower and Subsidiaries of the Borrower that the Borrower consolidates in its consolidated financial statements prepared in accordance with GAAP, provided, however, that UJVs which are consolidated in accordance with GAAP are not Consolidated Businesses.

  • Excluded Business means a Business excluded from application for an Inter- Community Business Licence and includes those Businesses referred to in Schedule A attached hereto and forming part of this bylaw.

  • Nonbusiness income means all income other than business income.

  • Excluded Businesses has the meaning set forth in Schedule 1.

  • Permitted Business means any business conducted by the Company, its Restricted Subsidiaries or CTSH and its Subsidiaries on the date hereof and any other business related, ancillary or complementary to any such business.

  • Prohibited Business shall be defined as any business and any branch, office or operation thereof, which is a primary competitor of the Company with respect to the Business wherever the Company does business, in North America or abroad.

  • Restricted Business has the meaning set forth in Section 6.10(a).

  • Permitted Businesses means the business of owning, leasing and managing gasoline stations, convenience store properties and other retail real properties (including, for the avoidance of doubt, quick service or other casual restaurants and auto service and auto parts stores), and any other single-tenant net lease business, and business activities reasonably related to the foregoing (including the creation or acquisition of any interest in any Subsidiary (or entity that following such creation or acquisition would be a Subsidiary) for the purpose of conducting the foregoing activities), in each case that are permitted for real estate investment trusts under the Code.

  • Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • Separate Business means each of the activities of the Licensee connected

  • Business concern or business means a business that has annual gross sales of less than $75,000,000 as evidenced by the federal income tax return of the business. A firm with gross sales in excess of this cap may apply to the Council for certification for a particular contract if the firm can demonstrate that the contract would have significant impact on businesses owned by minorities, women, or persons with disabilities as suppliers or subcontractors or in employment of minorities, women, or persons with disabilities.

  • Disadvantaged Business Enterprise means a for-profit small business concern that is at least 51% owned by one or more individuals who are both socially and economically disadvantaged individuals or, in the case of a corporation, in which 51% of the stock is owned by one or more such individuals; and whose management and daily business operations are controlled by one or more socially and economically disadvantaged individuals who own it.

  • Associated Business means a business that owns at least 50% of and controls, directly or indirectly, an authorized business.

  • Disabled Business Enterprise means a business owned by a person with a disability that is a continuing, independent, for-profit business that performs a commercially useful function, and is at least fifty-one (51%) owned and controlled by one (1) or more persons with a disability, or, in the case of any publicly-owned business, at least fifty one percent (51%) of the stock of which is owned and controlled by one(1) or more persons with a disability and whose management and daily business operations are under the control of one (1) or more persons with a disability.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • Retained Businesses means all businesses, operations and activities directly or indirectly conducted or formerly conducted by the Seller Group other than the Business (including all businesses, operations and activities related to any dealerships sold or disposed of prior to the date hereof).