Forum on Unfair Non-Profit Competition, Including University, with Private Sector
Non-profit organizations are provided special tax status under section 501(c) of the Internal Revenue Code. These groups are required to pay an “unrelated business income tax” or UBIT on its commercial or “non-exempt” activities. The Federal Government first exempted charitable organizations from tax in 1913. In 1950, in response to complaints about unfair competition, Congress … [Read more…]