unrelated business income tax (UBIT)
Unrelated business income tax (UBIT) is paid on income earned in an affiliate.
unrelated business income tax (UBIT)
Unrelated business income tax (UBIT) is paid on income earned in an affiliate.
Additional Information
It could be paid by a tax-exempt entity as a result of receiving income earned by a profit-making entity, also called "unrelated business taxable income (UBTI)."
