MLchartDataset catalogue

Controlled unrelated business

Term · Insurance and risk management · MLC-T-INS-000966

A business activity conducted by a tax-exempt organization that is not substantially related to its exempt purpose, but is controlled by another tax-exempt entity. Income from such activities is subject to unrelated business income tax (UBIT). The Internal Revenue Service (IRS) defines control as ownership of more than 50% of the voting stock or profits interest.

Table 1. Record
IdentifierMLC-T-INS-000966
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000966",
  "term": "Controlled unrelated business",
  "field": "Insurance and risk management",
  "definition": "A business activity conducted by a tax-exempt organization that is not substantially related to its exempt purpose, but is controlled by another tax-exempt entity. Income from such activities is subject to unrelated business income tax (UBIT). The Internal Revenue Service (IRS) defines control as ownership of more than 50% of the voting stock or profits interest.",
  "url": "https://mlchart.com/terminology/insurance/controlled-unrelated-business/"
}

Record 781 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.