ERIC Number: EJ615064
Record Type: CIJE
Publication Date: 2000
Reference Count: 0
Institutional Property and UBIT: A Room with a View--Does It Come with a Tax Bill?
Prosser, Timothy J.
Business Officer, v34 n3 p45-47 Sep 2000
Explains requirements of the federal tax code concerning unrelated business taxable income that colleges and universities may incur when they rent out their facilities to the public. Topics covered include rental of real property, leasing of institutional equipment, payment for services, storage arrangements, activities related to an institution's purpose, and activities for the convenience of students or employees. (DB)
Descriptors: Compliance (Legal), Educational Facilities, Federal Legislation, Financial Policy, Higher Education, Income, Taxes
National Association of College and University Business Officers. 1110 Vermont Avenue NW Suite 800, Washington, DC 20005. Tel: 800-462-4916; Tel: 202-861-2500; Fax: 202-861-2583; Web site: http://www.nacubo.org
Publication Type: Guides - Non-Classroom; Journal Articles
Education Level: N/A
Audience: Administrators; Practitioners
Authoring Institution: N/A