Do You Want Innovation and Jobs? Repeal §511
Date
2018
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Washburn Law Journal
Abstract
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 This article proposes that §511 be repealed in the interest of encouraging nonprofits like universities to strive for commercial success and take advantage of their innovations and inventions.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.
Description
Keywords
Unrelated Business Income Tax, UBIT, §511, Section 511, Research universities, Nonprofits, Intangible property, Tax exempt
Citation
57 Washburn L.J. 431