Unrelated Business Income Tax

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OSP: Section 513 of the Internal Revenue Code defines an "unrelated business" as an activity which is regularly conducted and not substantially related to the purpose for which the nonprofit organization was granted its exempt status.  The University is required to report and remit any UBIT to the IRS.

Umich: Unrelated Business Income Tax. This is income from a trade or business, regularly carried on, that is not substantially related to the charitable, educational, or other purpose that is the basis of the organization's exemption.