1.513-1(d)(3)). If the activity is determined to likely generate unrelated business taxable income (i.e., be subject to UBIT), the department will need to complete a Unrelated Business Income (UBIT) ...

In order for income to be considered Unrelated Business Income (UBI), the following questions need to be asked: If the answer to each of the above questions is yes, the income from a given activity ...

This means RIT does not have to pay federal income tax on income earned from its educational and research activities. However, if RIT engages in activities unrelated to its exempt purposes, the income ...