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  • Any form of advertising that generates revenue for the University.
  • Rental of real property if services are provided to the renter or if the property is debt financed.
  • Rental of personal property (equipment, computer time)
  • Rental or sale of mailing lists
  • Sale of any goods or services to non-University persons or entities.

Tax Liability

The presence of these activities does not necessarily mean that a tax liability exists. It may be determined that the activity is not subject to unrelated business income tax, or if it is a taxable activity, the revenue may generally be offset by the expense incurred.

Source: University of North Carolina Accounting Services, 1995

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