. "Appendix M: University Unrelated Business Income Policy." Technology Commercialization: Russian Challenges, American Lessons. Washington, DC: The National Academies Press, 1998.
The following HTML text is provided to enhance online
readability. Many aspects of typography translate only awkwardly to HTML.
Please use the page image
as the authoritative form to ensure accuracy.
Examples
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
