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

法律翻译大智，毕业于世界顶级翻译学院，专注翻译各类与税务、财富规划服务和高管薪酬有关的法律文件。