unrelated-business-income tax

By SovConn | April 18, 2015

A tax levied on a not-for-profit organization’s taxable income, such as advertising revenue from a publication. [Cases: Internal Revenue 4068; Taxation 1018.
C.J.S. Internal Revenue §§ 473–474; Taxation § 1706.]
[Blacks Law 8th]

Posted in Law Dictionary Definitions