What Characteristics Must Be Present for an Exempt Organization to Be

question 50

Essay

What characteristics must be present for an exempt organization to be subject to the unrelated business income tax (UBIT)?

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Definitions:

Genetic

Relates to genes and heredity, influencing the development and characteristics of organisms.

Physiological

Relating to the functions and activities of living organisms and their parts, including all physical and chemical processes.

Romantic Love

Romantic love is a deep emotional, sexual, and affectional attraction toward a person with whom one wishes to share a relationship that goes beyond friendship.

Passion

A strong feeling of enthusiasm or excitement for something or about doing something.