UBIT along with all departments at UB are dedicated to an accessible environment, which involves collaboration and feedback both within and outside the university. According to the 2024 UBIT Student ...

Bookstore Sales of "Convenience Items": Sales of certain otherwise taxable items are exempt from UBIT under the "convenience" exception if sold to university students, faculty and staff. The ...

Unrelated Business Income Tax (UBIT) The IRS allows Purdue University, a tax-exempt organization, an exemption from federal income taxes due to its classification as a 501(c)(3) organization; and as ...

The university is tax-exempt for its non-profit primary purpose and taxable at state and federal levels for business activities that are not substantially related to the tax-exempt purpose. Passive ...

The tax imposed is often referred to as UBIT (unrelated business income tax). It is sometimes questionable whether this tax is really owed as there is no bright line rule for determining its ...

Constantine and Tenenbaum’s full analysis of UBIT regulations for trade shows can be found here. In an early-September interview with MeetingsNet, Tenenbaum ( pictured here ) followed up on that ...

Unrelated Business Income Tax (UBIT) The IRS allows Purdue University, a tax-exempt organization, an exemption from federal income taxes due to its classification as a 501(c)(3) organization; and as ...