unrelated business income

Tax. Gross income earned by a nonprofit corporation from activities unrelated to its nonprofit functions.

• A nonprofit corporation’s income is tax-exempt only to the extent that it is produced by activities directly related to its nonprofit purpose.

— Also termed unrelated-business taxable income. IRC (26 USCA) § 512(a)(3)(A). [Cases: Internal Revenue 4068. C.J.S. Internal Revenue §§ 473–474.]

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词条贡献者

译者Jeffrey，毕业于国内一流的高级翻译学院，擅长翻译各种与首次公开发行/其他股权或债务发行相关的法律文件。