Do You Want Innovation and Jobs? Repeal §511
Black, Stephen T.
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Discusses the history and impact of the Unrelated Business Income Tax (UBIT) on non-profit organizations like universities. This article proposes that §511 be repealed in the interest of encouraging nonprofits like universities to strive for commercial success and take advantage of their innovations and inventions. Which in turn, will help improve the economy and help ensure that government money that is invested in universities for research will not be wasted.