Document Type
Article
Publication Date
2-2015
Journal Title
The Texas Tax Lawyer
Abstract
This paper summarizes the unrelated business income tax rules as they apply to tax-exempt charitable organizations described in Section 501(c)(3) of the Code. Since the 1950s, the unrelated business income tax has been imposed on a charity’s net income from a regularly carried on trade or business that is unrelated to the charity’s tax-exempt purposes. Often times, the justification for imposing this tax on a charity’s net income from unrelated business activities is that such activities involve unfair competition with the charity’s for-profit counterparts.
First Page
1
Last Page
17
Num Pages
17
Volume Number
42
Issue Number
3
Publisher
State Bar of Texas
Recommended Citation
Terri L. Helge,
Nuts and Bolts of Unrelated Business Income Tax,
42
Tex. Tax Law.
1
(2015).
Available at:
https://scholarship.law.tamu.edu/facscholar/721