unrelated business taxable income

(1) General rule Except as otherwise provided in this subsection, the term “unrelated business taxable income” means the gross income derived by any organization from any unrelated trade or business (as defined in section 513 ) regularly carried on by it, less the deductions allowed by this chapter which are directly connected with the carrying on of such trade or business, both computed with the modifications provided in subsection (b).

Source

26 USC § 512(a)(1)


Scoping language

None identified. Default scope is assumed to be the entire title.
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