unrelated business income tax (UBIT)
GPTKB entity
Statements (34)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:appliesTo |
gptkb:church
gptkb:501(c)(3)_organizations nonprofit organizations universities tax-exempt organizations charities foundations income from regularly carried business income not substantially related to exempt purpose |
| gptkbp:compatibleWith |
volunteer labor
convenience of members donated merchandise substantially related activities |
| gptkbp:dateEnacted |
1950
|
| gptkbp:definedIn |
gptkb:Internal_Revenue_Code_Section_511
|
| gptkbp:excludes |
interest
dividends royalties gains from property sale rents from real property |
| gptkbp:form |
gptkb:Form_990-T
|
| https://www.w3.org/2000/01/rdf-schema#label |
unrelated business income tax (UBIT)
|
| gptkbp:imposedBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:IRSPublication |
gptkb:IRS_Publication_598
|
| gptkbp:purpose |
prevent unfair competition with for-profit businesses
|
| gptkbp:relatedTo |
tax-exempt status
unrelated business income |
| gptkbp:taxStatus |
corporate income tax rates
unrelated business income |
| gptkbp:threshold |
$1,000 gross income
|
| gptkbp:bfsParent |
gptkb:Section_501(c)(3)
gptkb:501(c)(3)_(United_States) |
| gptkbp:bfsLayer |
6
|