Unrelated Trade or Business definition

Unrelated Trade or Business means any trade or business whose conduct is not substantially related to the exercise or performance by a nonprofit corporation of the purposes or functions constituting the basis for exemption under Section 501(c)(3) of the Code.
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Unrelated Trade or Business means an activity that constitutes an “unrelated trade or business” within the meaning of Section 513(a) of the Code, without regard to whether such activity results in unrelated trade or business income subject to taxation under Section 511 of the Code.
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Unrelated Trade or Business means a Trade or Business of a 501(c)(3) Organization that is an unrelated trade or business (determined by applying Section 513(a) of the Code) of such 501(c)(3) Organization.
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Examples of Unrelated Trade or Business in a sentence

  • Fundraising events do not include the following: • Activities substantially related to the accomplishment of the CSU’s educational purpose, including such activities that receive sponsorship.• Unrelated trade or business activities that generate fees for service.• Fundraising solicitations and related prospecting activities intended to generate only a contribution (no purchase of goods or services).• Raffles in which the prizes have only a nominal value and do not require reporting as taxable income.

  • Unrelated trade or business does not apply when substantially all of the work is performed by a worker who is not compensated (a volunteer).Example: A gift shop operated by an exempt orphanage where all of the clerks are volunteers would not be considered an unrelated trade or business even though the operation does not contribute importantly to any exempt purpose or function of the orphanage.

  • Unrelated trade or business activities (not including any special events or activities) thatgenerate fees for services may also be program service activities.

  • See also the instructions for line 4.3. Unrelated trade or business activities.

  • Expenses directly connected with the conduct of the exhibition total $500,000.(ii) The computation of unrelated business taxable income is as follows:(A) Unrelated trade or business (sale of advertising): Income .............................................................................................................................................................................

  • Unrelated trade or business is defined in the case of tax-exempt organizations as any trade or business, the conduct of which is not substantially related to the exercise or performance by an organization of its charitable, educational or other purpose (religious in the case of the parish exemption) constituting the basis for its exemption under 26 U.S.C. #501.

  • For purposes of this return, report all rental income from an affiliated organization on line 2.C. Unrelated trade or business activities.

  • Fundraising events do NOT include the following:• Activities substantially related to accomplishing the University’s mission include but are not limited to activities that receive sponsorship.• Unrelated trade or business activities that generate fees for service.• Fundraising solicitations and related prospecting activities intended to generate only a contribution (no purchase of goods or services).• Raffles in which the prizes have only a nominal value and do not require reporting as taxable income.

  • Unrelated trade or business income is the gross income derived from any trade or business (defined on page 3) that is regularly carried on, and not substantially related to (defined on page 3), thecosting $7.60 or less by an organization described in section 501 and contributions to which are deductible under section 170(c)(2) or (3) if the distribution is incidental to the solicitation of charitable contributions; or301.7701-3, is treated as a branch or organization’s exempt purpose or function 10.

  • The following then considered subject matter protected under CNRL:2261) Books, booklets, articles, pamphlets and other written works.2) Computer programs and databases whether readable from the computer or other.3) Works that are orally recited such as lectures, speeches, discussions and other oral works.4) Dramatic, musical and choreographic works, silent shows (pantomimes) and other works made for acting performance.5) Musical compositions with or without words.


More Definitions of Unrelated Trade or Business

Unrelated Trade or Business means any trade or business whose conduct is not substantially related to the exercise or performance by a nonprofit organization of the purposes constituting the basis for exemption under Section 501(c)(3) of the Code.[PL 2019, c. 501, §19 (AMD).]
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Unrelated Trade or Business means an activity which constitutes an “unrelated trade or business” within the meaning of Section 513(a) of the Code without regard to whether such activity results in unrelated trade or business income subject to taxation under Section 512(a) of the Code.
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Unrelated Trade or Business means a Trade or Business of a 501(c)(3) Organization that is an unrelated trade or business (determined by applying Section 513(a) of the Code) of such 501(c)(3) Organization. "U.S. Government Securities Business Day" means any day except for (A) a Saturday or Sunday or (B) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. "Virginia Code" shall mean the Code of Virginia of 1950, as amended.
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Unrelated Trade or Business means a Trade or Business of a 501(c)(3) Organization that
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Unrelated Trade or Business means any trade or business that is not related to the exercise or performance by the university carrying on the business activity of its exempt purpose.
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Unrelated Trade or Business shall have the meaning set forth in section 513(a) of the Code.
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Related to Unrelated Trade or Business

  • 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.

  • Active Trade or Business means the active conduct (determined in accordance with Section 355(b) of the Code) of the trades or businesses described in the Tax Opinion Representations for purposes of satisfying the requirements of Section 355(b) of the Code as it applies to the Transactions with respect to the businesses conducted by members of the SpinCo Group that are the ATB Entities.

  • Similar Business means (1) any business conducted or proposed to be conducted by the Borrower or any of its Restricted Subsidiaries on the Closing Date, and any reasonable extension thereof, or (2) any business or other activities that are reasonably similar, ancillary, incidental, complementary or related to, or a reasonable extension, development or expansion of, the businesses in which the Borrower and its Restricted Subsidiaries are engaged or propose to be engaged on the Closing Date.

  • Acquired Entity or Business has the meaning specified in the definition of the term “Consolidated EBITDA.”

  • Sold Entity or Business has the meaning specified in the definition of the term “Consolidated EBITDA.”

  • Minority Business means a business:

  • Controlled unaffiliated business means a company:

  • Primary sector business means an individual, corporation, limited liability company,

  • Former Business means any corporation, partnership, entity, division, business unit, business or set of business operations that has been sold, conveyed, assigned, transferred or otherwise disposed of or divested (other than solely in connection with the Restructuring), in whole or in part, or the operations, activities or production of which has been discontinued, abandoned, liquidated, completed or otherwise terminated, in whole or in part, in each case, by either Group prior to the Distribution Time.

  • 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.

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

  • minority business enterprise means any small contractor or supplier of materials fifty-one percent or more of the capital stock, if any, or assets of which is owned by a person or persons: (1) who are active in the daily affairs of the enterprise, (2) who have the power to direct the management and policies of the enterprise, and (3) who are members of a minority, as such term is defined in subsection (a) of Connecticut General Statutes § 32-9n; and

  • 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;

  • Excluded Businesses means Business types which are excluded from application for an Inter-Community Business Licence and includes those Business types referred to in Schedule “A”.

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

  • Restricted Geographic Area is defined as all countries, territories, parishes, municipalities and states in which Company is doing business or is selling its products at the time of termination of Employee’s employment with Company, including but not limited to every parish and municipality in the state of Louisiana. Employee acknowledges that this geographic scope is reasonable given Employee's position with Company, the international scope of Company's business; and the fact that Employee could compete with Company from anywhere Company does business.

  • Qualified business means an eligible business that:

  • 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.

  • 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.

  • Related Business means any business that is related, ancillary or complementary to the businesses of the Company and the Restricted Subsidiaries on the Issue Date.

  • 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—

  • Unitary business means a single economic enterprise that is made up either of separate parts of a single business entity or of a group of business entities under common ownership that are sufficiently interdependent, integrated, and interrelated through their activities so as to provide a synergy and mutual benefit that produces a sharing or exchange of value among them and a significant flow of value among the separate parts. "Unitary business" shall be construed to the broadest extent permitted under the Constitution of the United States. A business conducted by a partnership which is in a unitary business with the combined group shall be treated as the business of the partners that are members of the combined group, whether the partnership interest is held directly or indirectly through a series of partnerships, to the extent of a partner's distributive share of partnership income. The amount of partnership income to be included in the partner's entire net income shall be determined in accordance with subsection a. of section 3 of P.L.2001, c.136 (C.54:10A-15.6) or subsection a. of section 4 of P.L.2001, c.136 (C.54:10A-15.7), as applicable. A business conducted directly or indirectly by one corporation is unitary with that portion of a business conducted by another corporation through its direct or indirect interest in a partnership.

  • Minority or Women-Owned Business Enterprise means a business enterprise, including a sole proprietorship, partnership or corporation that is:

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

  • Disadvantaged Business means a small business concern: (a) which is at least 51 percent owned by one or more socially and economically disadvantaged individual(s) or in the case of any publicly owned business, at least 51 percent of the stock of which is owned by one or more socially and economically disadvantaged individual(s); and (b) whose management and daily business operations are controlled by one or more of the socially and economically disadvantaged individual(s) who own it. It is important to note that the business owners themselves must control the operations of the business. Absentee ownership or title ownership by an individual who does not take an active role in controlling the business is not consistent with eligibility as a DBE under CFR 49 Part 26.71.